Round Rock Advisors LLC Buys Shares of 33,819 Caesars Entertainment, Inc. (NASDAQ:CZR)

Round Rock Advisors LLC purchased a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) in the fourth quarter, Holdings Channel reports. The firm purchased 33,819 shares of the company’s stock, valued at approximately $1,585,000.

A number of other large investors have also made changes to their positions in the stock. Soros Capital Management LLC grew its position in shares of Caesars Entertainment by 0.4% in the fourth quarter. Soros Capital Management LLC now owns 47,164 shares of the company’s stock valued at $1,962,000 after purchasing an additional 200 shares in the last quarter. Centaurus Financial Inc. grew its position in shares of Caesars Entertainment by 19.3% in the first quarter. Centaurus Financial Inc. now owns 1,412 shares of the company’s stock valued at $109,000 after purchasing an additional 228 shares in the last quarter. Panagora Asset Management Inc. grew its position in shares of Caesars Entertainment by 2.4% in the first quarter. Panagora Asset Management Inc. now owns 9,874 shares of the company’s stock valued at $764,000 after purchasing an additional 236 shares in the last quarter. Advisor Partners II LLC grew its position in shares of Caesars Entertainment by 2.6% in the first quarter. Advisor Partners II LLC now owns 9,414 shares of the company’s stock valued at $459,000 after purchasing an additional 238 shares in the last quarter. Finally, Aspire Private Capital LLC grew its position in shares of Caesars Entertainment by 172.8% in the fourth quarter. Aspire Private Capital LLC now owns 401 shares of the company’s stock valued at $16,681,600,000 after purchasing an additional 254 shares in the last quarter. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CZR. StockNews.com lowered Caesars Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. JMP Securities reiterated a “market outperform” rating and issued a $65.00 price objective on shares of Caesars Entertainment in a research report on Wednesday, February 21st. Stifel Nicolaus lowered their price objective on Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, January 18th. Morgan Stanley increased their price objective on Caesars Entertainment from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. lowered their price objective on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, January 9th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.45.

Insider Buying and Selling at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram purchased 15,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of $41.45 per share, for a total transaction of $621,750.00. Following the completion of the purchase, the director now directly owns 4,612 shares in the company, valued at $191,167.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.64% of the stock is owned by insiders.

Caesars Entertainment Stock Up 1.6 %

Shares of NASDAQ CZR traded up $0.65 during mid-day trading on Thursday, hitting $42.15. The company had a trading volume of 1,300,631 shares, compared to its average volume of 3,110,905. The company has a market capitalization of $9.12 billion, a PE ratio of 11.46 and a beta of 2.81. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.74. Caesars Entertainment, Inc. has a 1-year low of $38.33 and a 1-year high of $60.27. The business’s 50-day simple moving average is $42.33 and its 200 day simple moving average is $43.91.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the previous year, the business posted ($0.11) earnings per share. The firm’s revenue was up .1% on a year-over-year basis. On average, analysts predict that Caesars Entertainment, Inc. will post 1.1 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.