MidWestOne Financial Group Inc. Raises Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

MidWestOne Financial Group Inc. boosted its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 3.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 26,187 shares of the company’s stock after buying an additional 872 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in Caesars Entertainment were worth $1,041,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Caesars Entertainment by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 23,635,788 shares of the company’s stock valued at $1,033,829,000 after buying an additional 75,898 shares in the last quarter. Capital Research Global Investors lifted its stake in Caesars Entertainment by 26.9% in the 1st quarter. Capital Research Global Investors now owns 15,505,033 shares of the company’s stock valued at $678,190,000 after buying an additional 3,289,748 shares in the last quarter. Capital World Investors lifted its stake in Caesars Entertainment by 9.1% in the 4th quarter. Capital World Investors now owns 11,024,448 shares of the company’s stock valued at $516,826,000 after buying an additional 916,282 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Caesars Entertainment by 2.5% in the 1st quarter. Janus Henderson Group PLC now owns 9,616,712 shares of the company’s stock valued at $420,633,000 after buying an additional 233,250 shares in the last quarter. Finally, EdgePoint Investment Group Inc. lifted its stake in Caesars Entertainment by 1.0% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 5,859,251 shares of the company’s stock valued at $232,847,000 after buying an additional 60,184 shares in the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

Caesars Entertainment Stock Up 1.4 %

Shares of NASDAQ CZR opened at $41.67 on Friday. Caesars Entertainment, Inc. has a 1 year low of $31.74 and a 1 year high of $50.51. 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 50 day simple moving average of $37.30 and a 200-day simple moving average of $37.85. The company has a market capitalization of $9.02 billion, a P/E ratio of 11.80 and a beta of 2.96.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.68). Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the business posted $0.82 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities research analysts predict that Caesars Entertainment, Inc. will post -0.02 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CZR shares. Stifel Nicolaus raised their target price on shares of Caesars Entertainment from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. JMP Securities raised their target price on shares of Caesars Entertainment from $58.00 to $59.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 22nd. Morgan Stanley decreased 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 research note 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 research note on Wednesday, July 31st. Finally, Jefferies Financial Group decreased their target price on shares of Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.14.

About Caesars Entertainment

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.