Asset Management One Co. Ltd. Sells 73,240 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Asset Management One Co. Ltd. lessened its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 94.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,094 shares of the company’s stock after selling 73,240 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Caesars Entertainment were worth $171,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew 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 worth $1,033,829,000 after buying an additional 75,898 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Caesars Entertainment by 249.0% in the first quarter. Russell Investments Group Ltd. now owns 186,019 shares of the company’s stock valued at $8,131,000 after acquiring an additional 132,720 shares during the last quarter. Sei Investments Co. raised its position in Caesars Entertainment by 263.2% during the first quarter. Sei Investments Co. now owns 345,481 shares of the company’s stock valued at $15,111,000 after purchasing an additional 250,354 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Caesars Entertainment by 20.9% during the first quarter. Gamco Investors INC. ET AL now owns 256,261 shares of the company’s stock worth $11,209,000 after purchasing an additional 44,213 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of Caesars Entertainment by 42.7% in the 2nd quarter. Hsbc Holdings PLC now owns 485,077 shares of the company’s stock worth $19,148,000 after purchasing an additional 145,201 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CZR shares. StockNews.com raised Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Wells Fargo & Company lowered their price objective on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Stifel Nicolaus increased their target price on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Susquehanna reissued a “negative” rating and issued a $33.00 price target on shares of Caesars Entertainment in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their price objective on Caesars Entertainment from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Caesars Entertainment has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Caesars Entertainment Price Performance

Shares of CZR stock opened at $40.84 on Monday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment, Inc. has a fifty-two week low of $31.74 and a fifty-two week high of $50.51. The firm has a market cap of $8.68 billion, a P/E ratio of -24.45 and a beta of 2.96. The business’s 50 day moving average price is $41.37 and its 200-day moving average price is $38.22.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.25). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the firm earned $0.34 EPS. The business’s revenue was down 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Caesars Entertainment, Inc. will post -0.54 earnings per share for the current year.

Caesars Entertainment Company 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.