XTX Topco Ltd Invests $1.79 Million in Caesars Entertainment, Inc. (NASDAQ:CZR)

XTX Topco Ltd purchased a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,100 shares of the company’s stock, valued at approximately $1,792,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CZR. Blue Trust Inc. grew its position in shares of Caesars Entertainment by 525.3% during the second quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after buying an additional 499 shares in the last quarter. Principal Securities Inc. acquired a new position in Caesars Entertainment during the 4th quarter worth $46,000. Mather Group LLC. acquired a new stake in shares of Caesars Entertainment in the 1st quarter valued at about $53,000. TFO Wealth Partners LLC lifted its position in shares of Caesars Entertainment by 22,920.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock worth $54,000 after purchasing an additional 1,146 shares during the last quarter. Finally, 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 during the last quarter. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Caesars Entertainment Stock Up 3.3 %

CZR stock opened at $41.58 on Friday. The firm’s 50-day moving average is $36.92 and its two-hundred day moving average is $37.88. The company has a market capitalization of $9.00 billion, a price-to-earnings ratio of 11.78 and a beta of 2.96. Caesars Entertainment, Inc. has a 52 week low of $31.74 and a 52 week high of $51.24. 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 (NASDAQ:CZR) last announced its earnings results on Tuesday, July 30th. The company reported ($0.56) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.68). The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.87 billion. Caesars Entertainment had a negative return on equity of 2.57% and a negative net margin of 2.44%. Caesars Entertainment’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. On average, analysts forecast that Caesars Entertainment, Inc. will post 0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stifel Nicolaus upped their price objective on Caesars Entertainment from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Susquehanna reissued a “negative” rating and set a $33.00 target price on shares of Caesars Entertainment in a report on Wednesday, July 31st. Jefferies Financial Group decreased their price target on shares of Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. StockNews.com lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley cut their target price on shares of Caesars Entertainment from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.14.

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.