Raymond James & Associates Purchases 47,691 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Raymond James & Associates raised its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 31.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,849 shares of the company’s stock after buying an additional 47,691 shares during the quarter. Raymond James & Associates owned 0.09% of Caesars Entertainment worth $8,342,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CZR. American Trust lifted its position in shares of Caesars Entertainment by 4.5% during the 1st quarter. American Trust now owns 7,346 shares of the company’s stock worth $321,000 after buying an additional 313 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Caesars Entertainment by 25.1% in the third quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock worth $84,000 after acquiring an additional 403 shares during the last quarter. Blue Trust Inc. boosted its stake 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 purchasing an additional 499 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Caesars Entertainment by 2.7% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,755 shares of the company’s stock valued at $785,000 after purchasing an additional 511 shares during the last quarter. Finally, Aspire Private Capital LLC increased its position in Caesars Entertainment by 17.5% during the 2nd quarter. Aspire Private Capital LLC now owns 4,108 shares of the company’s stock worth $163,000 after purchasing an additional 612 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CZR. Stifel Nicolaus raised their price objective on Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Susquehanna restated a “negative” rating and set a $33.00 price target on shares of Caesars Entertainment in a report on Wednesday, July 31st. Wells Fargo & Company raised their price objective on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Barclays boosted their target price on shares of Caesars Entertainment from $56.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, Morgan Stanley lifted their price target on shares of Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.54.

Caesars Entertainment Stock Down 0.5 %

CZR stock opened at $45.28 on Wednesday. The company’s 50 day moving average is $40.90 and its 200 day moving average is $38.14. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 12.83 and a beta of 2.97. 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 1-year low of $31.74 and a 1-year high of $50.51.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, July 30th. The company reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.68). Caesars Entertainment had a negative return on equity of 2.57% and a negative net margin of 2.44%. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the company earned $0.82 EPS. Caesars Entertainment’s quarterly revenue was down 1.7% on a year-over-year basis. Sell-side analysts predict that Caesars Entertainment, Inc. will post -0.18 EPS for the current fiscal 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.