Caesars Entertainment (NASDAQ:CZR) Trading Down 4%

Caesars Entertainment, Inc. (NASDAQ:CZR)’s stock price traded down 4% during mid-day trading on Friday . The company traded as low as $36.43 and last traded at $36.51. 3,281,597 shares were traded during mid-day trading, an increase of 4% from the average session volume of 3,158,123 shares. The stock had previously closed at $38.04.

Analyst Ratings Changes

A number of analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price target on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 9th. Morgan Stanley lifted their price objective on Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Barclays reduced their price objective on Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. StockNews.com lowered Caesars Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Finally, Wells Fargo & Company reduced their price objective on Caesars Entertainment from $72.00 to $68.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 21st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.36.

Caesars Entertainment Trading Down 3.8 %

The firm has a market capitalization of $7.92 billion, a PE ratio of 10.09 and a beta of 2.81. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.74 and a current ratio of 0.76. The firm has a fifty day moving average of $41.26 and a 200 day moving average of $43.38.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.31). The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.11) earnings per share. Equities research analysts expect that Caesars Entertainment, Inc. will post 1.02 EPS for the current year.

Insiders Place Their Bets

In other Caesars Entertainment news, Director Michael E. Pegram acquired 15,000 shares of the company’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 acquisition, the director now directly owns 4,612 shares of the company’s stock, valued at $191,167.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is owned by company insiders.

Institutional Investors Weigh In On Caesars Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of CZR. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Caesars Entertainment during the 3rd quarter worth approximately $32,000. Altshuler Shaham Ltd bought a new stake in shares of Caesars Entertainment in the 4th quarter valued at approximately $45,000. Principal Securities Inc. bought a new stake in shares of Caesars Entertainment in the 4th quarter valued at approximately $46,000. Mather Group LLC. bought a new stake in shares of Caesars Entertainment in the 1st quarter valued at approximately $53,000. Finally, TFO Wealth Partners LLC increased its holdings in shares of Caesars Entertainment by 22,920.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock valued at $54,000 after acquiring an additional 1,146 shares during the last quarter. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

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.