Amalgamated Bank Reduces Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Amalgamated Bank reduced its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 39.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,423 shares of the company’s stock after selling 27,412 shares during the quarter. Amalgamated Bank’s holdings in Caesars Entertainment were worth $1,771,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CZR. Vanguard Group Inc. grew its stake in Caesars Entertainment by 0.3% in the first quarter. Vanguard Group Inc. now owns 23,635,788 shares of the company’s stock worth $1,033,829,000 after purchasing an additional 75,898 shares during the period. Russell Investments Group Ltd. grew its position in shares of Caesars Entertainment by 249.0% in the 1st quarter. Russell Investments Group Ltd. now owns 186,019 shares of the company’s stock worth $8,131,000 after buying an additional 132,720 shares during the period. Sei Investments Co. increased its stake in shares of Caesars Entertainment by 263.2% in the 1st quarter. Sei Investments Co. now owns 345,481 shares of the company’s stock worth $15,111,000 after acquiring an additional 250,354 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in Caesars Entertainment by 20.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 256,261 shares of the company’s stock valued at $11,209,000 after acquiring an additional 44,213 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in Caesars Entertainment by 42.7% during the second quarter. Hsbc Holdings PLC now owns 485,077 shares of the company’s stock worth $19,148,000 after acquiring an additional 145,201 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors.

Caesars Entertainment Stock Down 2.0 %

Shares of Caesars Entertainment stock opened at $39.43 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. Caesars Entertainment, Inc. has a twelve month low of $31.74 and a twelve month high of $50.51. The company has a market cap of $8.38 billion, a price-to-earnings ratio of -23.61 and a beta of 2.96. The company’s 50 day moving average is $41.48 and its 200 day moving average is $38.26.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on CZR shares. JPMorgan Chase & Co. raised their target price on shares of Caesars Entertainment from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Jefferies Financial Group reduced their price objective on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Macquarie reissued an “outperform” rating and issued a $50.00 target price on shares of Caesars Entertainment in a report on Wednesday, October 30th. Barclays reduced their price target on Caesars Entertainment from $59.00 to $57.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their price target on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Caesars Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $54.00.

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.