Atria Investments Inc Purchases 1,703 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Atria Investments Inc grew its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 27.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,919 shares of the company’s stock after purchasing an additional 1,703 shares during the quarter. Atria Investments Inc’s holdings in Caesars Entertainment were worth $331,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CZR. Assetmark Inc. lifted its holdings in Caesars Entertainment by 8.0% during the 3rd quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock worth $144,000 after purchasing an additional 256 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Caesars Entertainment by 4.2% during the third quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company’s stock valued at $60,712,000 after buying an additional 59,170 shares during the period. Fiduciary Family Office LLC lifted its holdings in shares of Caesars Entertainment by 1.7% in the third quarter. Fiduciary Family Office LLC now owns 25,215 shares of the company’s stock worth $1,052,000 after buying an additional 424 shares in the last quarter. Innealta Capital LLC boosted its position in shares of Caesars Entertainment by 23,029.2% in the third quarter. Innealta Capital LLC now owns 5,551 shares of the company’s stock valued at $232,000 after acquiring an additional 5,527 shares during the period. Finally, Helikon Investments Ltd grew its stake in Caesars Entertainment by 67.1% during the third quarter. Helikon Investments Ltd now owns 1,587,547 shares of the company’s stock valued at $66,264,000 after acquiring an additional 637,303 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

Caesars Entertainment stock opened at $37.60 on Friday. The firm has a fifty day simple moving average of $41.65 and a two-hundred day simple moving average of $38.31. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. Caesars Entertainment, Inc. has a twelve month low of $31.74 and a twelve month high of $50.51. The company has a market capitalization of $7.99 billion, a PE ratio of -22.51 and a beta of 2.96.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period last year, the firm posted $0.34 EPS. The company’s revenue was down 4.0% on a year-over-year basis. Research analysts expect that Caesars Entertainment, Inc. will post -0.54 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on CZR shares. Morgan Stanley raised their price target on shares of Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. JMP Securities restated a “market outperform” rating and set a $59.00 target price on shares of Caesars Entertainment in a research report on Monday, October 14th. Susquehanna reaffirmed a “negative” rating and issued a $33.00 price target on shares of Caesars Entertainment in a report on Wednesday, July 31st. Wells Fargo & Company cut their price objective on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Caesars Entertainment in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Caesars Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of $54.00.

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.