Atria Investments Inc Purchases 1,703 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Atria Investments Inc boosted its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 27.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,919 shares of the company’s stock after purchasing an additional 1,703 shares during the period. Atria Investments Inc’s holdings in Caesars Entertainment were worth $331,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CZR. Blue Trust Inc. increased its position in shares of 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 buying an additional 499 shares during the period. UMB Bank n.a. purchased a new position in shares of Caesars Entertainment during the 3rd quarter worth approximately $51,000. GAMMA Investing LLC raised its position in shares of 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 acquiring an additional 622 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Caesars Entertainment by 77.0% in the 2nd quarter. Signaturefd LLC now owns 2,540 shares of the company’s stock valued at $101,000 after purchasing an additional 1,105 shares during the period. Finally, Assetmark Inc. boosted its position in shares of Caesars Entertainment by 8.0% during the third quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock valued at $144,000 after purchasing an additional 256 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CZR. Stifel Nicolaus raised their price objective on Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Susquehanna reissued a “negative” rating and set a $33.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, July 31st. StockNews.com raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Wells Fargo & Company reduced their price objective on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Morgan Stanley lifted their price objective on Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $54.00.

Caesars Entertainment Price Performance

CZR opened at $37.60 on Friday. The company’s 50-day simple moving average is $41.65 and its two-hundred day simple moving average is $38.31. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The stock has a market capitalization of $7.99 billion, a P/E ratio of -22.51 and a beta of 2.96. Caesars Entertainment, Inc. has a 52-week low of $31.74 and a 52-week high of $50.51.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the company earned $0.34 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, analysts predict that Caesars Entertainment, Inc. will post -0.54 EPS 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.