Tredje AP fonden Sells 530 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Tredje AP fonden reduced its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 1.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,556 shares of the company’s stock after selling 530 shares during the period. Tredje AP fonden’s holdings in Caesars Entertainment were worth $1,334,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC increased its position in shares of Caesars Entertainment by 12.0% during the fourth quarter. Private Advisor Group LLC now owns 5,040 shares of the company’s stock worth $236,000 after purchasing an additional 538 shares in the last quarter. Principal Securities Inc. acquired a new position in Caesars Entertainment during the 4th quarter valued at about $46,000. Dimensional Fund Advisors LP raised its stake in Caesars Entertainment by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,616,373 shares of the company’s stock valued at $75,789,000 after buying an additional 9,213 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Caesars Entertainment by 487.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 39,472 shares of the company’s stock worth $1,850,000 after acquiring an additional 32,752 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Caesars Entertainment during the fourth quarter worth about $102,213,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 0.3 %

Shares of CZR stock opened at $41.45 on Friday. 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, Inc. has a twelve month low of $31.74 and a twelve month high of $50.51. The stock has a 50 day moving average of $37.00 and a 200 day moving average of $37.90. The stock has a market cap of $8.97 billion, a P/E ratio of 11.74 and a beta of 2.96.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.68). The firm had revenue of $2.83 billion during 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 business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. As a group, sell-side analysts expect that Caesars Entertainment, Inc. will post 0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CZR. JMP Securities increased their price objective on shares of Caesars Entertainment from $58.00 to $59.00 and gave the company a “market outperform” rating in a research report on Thursday, August 22nd. StockNews.com cut shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Susquehanna reissued a “negative” rating and set a $33.00 price objective on shares of Caesars Entertainment in a report on Wednesday, July 31st. Morgan Stanley reduced their target price on 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, Jefferies Financial Group dropped their price target on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.14.

About Caesars Entertainment

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.