Mutual of America Capital Management LLC Sells 992 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Mutual of America Capital Management LLC cut its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 2.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 34,479 shares of the company’s stock after selling 992 shares during the period. Mutual of America Capital Management LLC’s holdings in Caesars Entertainment were worth $1,370,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its position in Caesars Entertainment by 525.3% during the second quarter. Blue Trust Inc. now owns 594 shares of the company’s stock valued at $26,000 after acquiring an additional 499 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of Caesars Entertainment in the 1st quarter valued at $53,000. TFO Wealth Partners LLC grew its holdings in shares of Caesars Entertainment by 22,920.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock valued at $54,000 after purchasing an additional 1,146 shares during the last quarter. GAMMA Investing LLC raised its position in Caesars Entertainment by 63.1% in the 2nd 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 period. Finally, C M Bidwell & Associates Ltd. bought a new stake in Caesars Entertainment in the fourth quarter worth $93,000. 91.79% of the stock is owned by hedge funds and other institutional investors.

Caesars Entertainment Price Performance

CZR stock opened at $41.08 on Friday. The firm has a 50-day moving average of $37.20 and a 200 day moving average of $37.89. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.70 and a quick ratio of 0.68. The company has a market cap of $8.89 billion, a P/E ratio of 11.64 and a beta of 2.96. Caesars Entertainment, Inc. has a 1 year low of $31.74 and a 1 year high of $50.51.

Caesars Entertainment (NASDAQ:CZR) last announced its 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). The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.87 billion. Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS. On average, sell-side analysts forecast that Caesars Entertainment, Inc. will post -0.02 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CZR. JMP Securities raised their price objective on Caesars Entertainment from $58.00 to $59.00 and gave the company a “market outperform” rating in a research note on Thursday, August 22nd. Jefferies Financial Group reduced their price target on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Morgan Stanley lowered their price objective on Caesars Entertainment from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 4th. Wells Fargo & Company raised their target price on shares of Caesars Entertainment from $53.00 to $56.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Susquehanna reiterated a “negative” rating and set a $33.00 price target on shares of Caesars Entertainment in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average 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.