BlueCrest Capital Management Ltd cut its stake in Caesars Entertainment Co. (NASDAQ:CZR) by 78.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,496 shares of the company’s stock after selling 153,611 shares during the period. BlueCrest Capital Management Ltd’s holdings in Caesars Entertainment were worth $538,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of CZR. Quadrature Capital Ltd lifted its holdings in shares of Caesars Entertainment by 785.0% during the 4th quarter. Quadrature Capital Ltd now owns 270,068 shares of the company’s stock worth $3,416,000 after acquiring an additional 239,553 shares during the period. Amalgamated Bank bought a new position in shares of Caesars Entertainment during the 4th quarter worth about $232,000. Frontier Investment Mgmt Co. bought a new position in shares of Caesars Entertainment during the 4th quarter worth about $3,218,000. 1060 Capital LLC bought a new position in shares of Caesars Entertainment during the 3rd quarter worth about $12,015,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Caesars Entertainment during the 4th quarter worth about $1,478,000. 95.66% of the stock is owned by hedge funds and other institutional investors.
Shares of Caesars Entertainment stock traded down $0.50 during mid-day trading on Friday, reaching $11.00. 11,487,244 shares of the stock were exchanged, compared to its average volume of 15,302,072. The stock has a market capitalization of $7,664.08, a P/E ratio of -3.26 and a beta of 0.30. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 5.55. Caesars Entertainment Co. has a fifty-two week low of $9.45 and a fifty-two week high of $14.50.
Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Wednesday, March 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $2 billion. equities analysts anticipate that Caesars Entertainment Co. will post 0.59 earnings per share for the current year.
CZR has been the subject of a number of analyst reports. Jefferies Group initiated coverage on shares of Caesars Entertainment in a report on Thursday, January 18th. They set a “hold” rating and a $14.00 price objective for the company. BidaskClub raised shares of Caesars Entertainment from a “strong sell” rating to a “sell” rating in a report on Saturday, February 17th. Nomura raised shares of Caesars Entertainment from a “neutral” rating to a “buy” rating in a report on Wednesday, March 7th. TheStreet raised shares of Caesars Entertainment from a “d” rating to a “c” rating in a report on Thursday, March 8th. Finally, Zacks Investment Research raised shares of Caesars Entertainment from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Thursday, March 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Caesars Entertainment presently has a consensus rating of “Hold” and an average price target of $14.65.
In other Caesars Entertainment news, EVP Timothy R. Donovan sold 5,354 shares of the firm’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $12.48, for a total value of $66,817.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.60% of the company’s stock.
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About Caesars Entertainment
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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