Stone Ridge Asset Management LLC bought a new stake in Caesars Entertainment Corp (NASDAQ:CZR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 71,758 shares of the company’s stock, valued at approximately $908,000.
A number of other institutional investors have also recently made changes to their positions in CZR. Dimensional Fund Advisors LP raised its position in Caesars Entertainment by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 90,530 shares of the company’s stock valued at $1,088,000 after buying an additional 1,110 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Caesars Entertainment by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 47,153 shares of the company’s stock valued at $566,000 after buying an additional 118 shares during the last quarter. Nationwide Fund Advisors raised its position in Caesars Entertainment by 182.2% in the 3rd quarter. Nationwide Fund Advisors now owns 91,311 shares of the company’s stock valued at $1,219,000 after buying an additional 58,959 shares during the last quarter. First Trust Advisors LP increased its position in shares of Caesars Entertainment by 2.1% during the 3rd quarter. First Trust Advisors LP now owns 211,836 shares of the company’s stock worth $2,828,000 after purchasing an additional 4,380 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in shares of Caesars Entertainment during the 3rd quarter worth approximately $185,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.
Caesars Entertainment Corp (NASDAQ CZR) opened at $12.30 on Tuesday. The company has a debt-to-equity ratio of 5.55, a quick ratio of 1.81 and a current ratio of 1.83. The firm has a market capitalization of $8,883.38, a P/E ratio of -0.88 and a beta of 0.35. Caesars Entertainment Corp has a 1-year low of $9.00 and a 1-year high of $14.50.
Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Wednesday, March 7th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $2 billion. analysts anticipate that Caesars Entertainment Corp will post 0.59 earnings per share for the current fiscal year.
Several research analysts have weighed in on CZR shares. Zacks Investment Research lowered Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, December 4th. BidaskClub lowered Caesars Entertainment from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th. Oppenheimer reaffirmed a “buy” rating and set a $15.00 price target on shares of Caesars Entertainment in a research report on Thursday, November 30th. Jefferies Group started coverage on Caesars Entertainment in a research report on Thursday, January 18th. They set a “hold” rating and a $14.00 price target on the stock. Finally, SunTrust Banks reaffirmed an “average” rating and set a $16.00 price target on shares of Caesars Entertainment in a research report on Monday, February 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $14.65.
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Caesars Entertainment Company Profile
Caesars Entertainment Corporation is a holding company. The Company provides casino-entertainment and hospitality services. The Company’s segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company’s resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.
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