Daiwa Securities Group Inc. Increases Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Daiwa Securities Group Inc. lifted its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 11.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,288 shares of the company’s stock after purchasing an additional 2,221 shares during the period. Daiwa Securities Group Inc.’s holdings in Caesars Entertainment were worth $931,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CZR. Janney Montgomery Scott LLC lifted its holdings in Caesars Entertainment by 9.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,129 shares of the company’s stock worth $1,886,000 after buying an additional 3,657 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Caesars Entertainment by 14.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,292 shares of the company’s stock worth $1,194,000 after acquiring an additional 3,474 shares during the period. Yousif Capital Management LLC boosted its holdings in Caesars Entertainment by 6.4% in the first quarter. Yousif Capital Management LLC now owns 20,127 shares of the company’s stock valued at $880,000 after acquiring an additional 1,217 shares in the last quarter. New York State Teachers Retirement System increased its position in Caesars Entertainment by 9.3% during the 1st quarter. New York State Teachers Retirement System now owns 242,462 shares of the company’s stock valued at $10,605,000 after purchasing an additional 20,704 shares during the period. Finally, Villere ST Denis J & Co. LLC lifted its position in shares of Caesars Entertainment by 9.6% in the 1st quarter. Villere ST Denis J & Co. LLC now owns 795,936 shares of the company’s stock worth $34,814,000 after purchasing an additional 69,390 shares during the period. 91.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were bought at an average cost of $31.96 per share, with a total value of $319,600.00. Following the acquisition, the director now owns 191,697 shares in the company, valued at $6,126,636.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Caesars Entertainment news, Director Michael E. Pegram bought 40,000 shares of Caesars Entertainment stock in a transaction dated Friday, May 3rd. The shares were purchased at an average cost of $36.39 per share, for a total transaction of $1,455,600.00. Following the acquisition, the director now directly owns 181,697 shares in the company, valued at approximately $6,611,953.83. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael E. Pegram bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were acquired at an average price of $31.96 per share, for a total transaction of $319,600.00. Following the completion of the transaction, the director now directly owns 191,697 shares in the company, valued at approximately $6,126,636.12. The disclosure for this purchase can be found here. Insiders own 0.64% of the company’s stock.

Caesars Entertainment Stock Performance

CZR stock opened at $36.61 on Thursday. The company has a market cap of $7.92 billion, a P/E ratio of 10.37 and a beta of 2.98. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.69 and a quick ratio of 0.67. Caesars Entertainment, Inc. has a 1 year low of $31.74 and a 1 year high of $60.27. The stock’s fifty day moving average price is $36.35 and its 200-day moving average price is $40.48.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, April 30th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.52). Caesars Entertainment had a return on equity of 1.27% and a net margin of 6.68%. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.82 billion. On average, equities analysts forecast that Caesars Entertainment, Inc. will post 0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CZR. JMP Securities decreased their price target on shares of Caesars Entertainment from $62.00 to $60.00 and set a “market outperform” rating for the company in a research note on Thursday, May 2nd. Truist Financial dropped their price target on Caesars Entertainment from $58.00 to $52.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Stifel Nicolaus lowered their price objective on Caesars Entertainment from $67.00 to $54.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Morgan Stanley upped their target price on shares of Caesars Entertainment from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Barclays lowered their price target on shares of Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Caesars Entertainment has a consensus rating of “Moderate Buy” and a consensus target price of $55.07.

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.