Cwm LLC Boosts Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

Cwm LLC grew its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 92.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,993 shares of the company’s stock after purchasing an additional 2,392 shares during the period. Cwm LLC’s holdings in Caesars Entertainment were worth $208,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in Caesars Entertainment by 525.3% in the second quarter. Blue Trust Inc. now owns 594 shares of the company’s stock valued at $26,000 after purchasing an additional 499 shares during the period. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 622 shares in the last quarter. Signaturefd LLC lifted its position in shares of Caesars Entertainment by 77.0% during the second quarter. Signaturefd LLC now owns 2,540 shares of the company’s stock worth $101,000 after purchasing an additional 1,105 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Caesars Entertainment in the first quarter valued at $150,000. Finally, Acadian Asset Management LLC acquired a new stake in Caesars Entertainment during the 2nd quarter valued at $147,000. 91.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CZR has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Stifel Nicolaus increased their price target on Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Jefferies Financial Group lowered their price objective on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Susquehanna reaffirmed a “negative” rating and issued a $33.00 target price on shares of Caesars Entertainment in a research report on Wednesday, July 31st. Finally, JMP Securities restated a “market outperform” rating and issued a $59.00 price target on shares of Caesars Entertainment in a research note on Monday, October 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $54.54.

Caesars Entertainment Trading Up 0.5 %

Caesars Entertainment stock opened at $44.02 on Wednesday. The company has a market cap of $9.53 billion, a P/E ratio of 12.47 and a beta of 2.97. Caesars Entertainment, Inc. has a 1 year low of $31.74 and a 1 year high of $50.51. The firm’s 50-day moving average is $40.11 and its 200-day moving average is $38.07. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.68 and a current ratio of 0.70.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share 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 return on equity of 2.57% and a negative net margin of 2.44%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. On average, equities analysts expect that Caesars Entertainment, Inc. will post -0.16 earnings per share for the current year.

Caesars Entertainment 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.