HBK Investments L P bought a new stake in shares of Caesars Entertainment Co. (NASDAQ:CZR) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 373,792 shares of the company’s stock, valued at approximately $4,728,000. HBK Investments L P owned about 0.05% of Caesars Entertainment at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in Caesars Entertainment by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 47,153 shares of the company’s stock worth $566,000 after purchasing an additional 118 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Caesars Entertainment by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 90,530 shares of the company’s stock worth $1,088,000 after purchasing an additional 1,110 shares during the last quarter. First Trust Advisors LP lifted its stake in Caesars Entertainment by 2.1% during the third quarter. First Trust Advisors LP now owns 211,836 shares of the company’s stock worth $2,828,000 after purchasing an additional 4,380 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Caesars Entertainment by 10.3% during the third quarter. Russell Investments Group Ltd. now owns 53,815 shares of the company’s stock worth $718,000 after purchasing an additional 5,018 shares during the last quarter. Finally, Aperio Group LLC lifted its stake in Caesars Entertainment by 38.5% during the fourth quarter. Aperio Group LLC now owns 23,726 shares of the company’s stock worth $300,000 after purchasing an additional 6,601 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.
CZR has been the topic of several analyst reports. Zacks Investment Research raised Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 30th. SunTrust Banks reaffirmed an “average” rating and issued a $16.00 target price on shares of Caesars Entertainment in a research report on Monday, February 5th. Jefferies Group initiated coverage on Caesars Entertainment in a research report on Thursday, January 18th. They issued a “hold” rating and a $14.00 target price on the stock. BidaskClub raised Caesars Entertainment from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 17th. Finally, TheStreet raised Caesars Entertainment from a “d” rating to a “c” rating in a research report on Thursday, March 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $14.65.
In other news, EVP Timothy R. Donovan sold 5,354 shares of the firm’s stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $12.48, for a total transaction of $66,817.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.60% of the stock is currently owned by company insiders.
Shares of CZR traded down $0.50 during trading hours on Friday, reaching $11.00. 11,487,244 shares of the company’s stock traded hands, compared to its average volume of 15,302,072. The firm has a market capitalization of $8,012.46, a price-to-earnings ratio of -3.26 and a beta of 0.30. The company has a debt-to-equity ratio of 5.55, a quick ratio of 1.81 and a current ratio of 1.83. Caesars Entertainment Co. has a twelve month low of $9.45 and a twelve month high of $14.50.
Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Wednesday, March 7th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $2 billion. analysts forecast that Caesars Entertainment Co. will post 0.59 EPS for the current fiscal year.
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Caesars Entertainment Company Profile
Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 36,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.
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