Choreo LLC Purchases 6,289 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Choreo LLC increased its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 82.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,958 shares of the company’s stock after acquiring an additional 6,289 shares during the quarter. Choreo LLC’s holdings in Caesars Entertainment were worth $525,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CZR. Blue Trust Inc. boosted its holdings in shares of Caesars Entertainment by 525.3% in the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company’s stock valued at $26,000 after acquiring an additional 499 shares during the last quarter. Principal Securities Inc. purchased a new stake in Caesars Entertainment during the fourth quarter worth $46,000. Mather Group LLC. acquired a new position in Caesars Entertainment during the first quarter worth $53,000. TFO Wealth Partners LLC raised its position in Caesars Entertainment by 22,920.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock worth $54,000 after acquiring an additional 1,146 shares during the period. Finally, GAMMA Investing LLC raised its position in Caesars Entertainment by 63.1% during the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $64,000 after acquiring an additional 622 shares during the period. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Susquehanna reiterated a “negative” rating and issued a $33.00 target price on shares of Caesars Entertainment in a research report on Wednesday, July 31st. StockNews.com cut shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Jefferies Financial Group lowered their target price on shares of Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Morgan Stanley lowered their target price on shares of Caesars Entertainment from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 4th. Finally, JMP Securities raised their target price on shares of Caesars Entertainment from $58.00 to $59.00 and gave the company a “market outperform” rating in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Caesars Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of $54.14.

Caesars Entertainment Trading Up 6.4 %

Shares of CZR stock opened at $38.87 on Monday. The firm has a 50-day moving average price of $36.75 and a 200 day moving average price of $37.91. Caesars Entertainment, Inc. has a twelve month low of $31.74 and a twelve month high of $54.16. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 11.01 and a beta of 2.96. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 5.56.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, July 30th. The company reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.68). The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.87 billion. Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 EPS. Research analysts forecast that Caesars Entertainment, Inc. will post 0.06 earnings per share for the current fiscal year.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.