Ieq Capital LLC Has $282,000 Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Ieq Capital LLC decreased its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZRFree Report) by 24.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,007 shares of the company’s stock after selling 1,930 shares during the period. Ieq Capital LLC’s holdings in Caesars Entertainment were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Caesars Entertainment in the third quarter valued at approximately $32,000. Altshuler Shaham Ltd acquired a new stake in Caesars Entertainment in the fourth quarter valued at approximately $45,000. Principal Securities Inc. acquired a new stake in Caesars Entertainment in the fourth quarter valued at approximately $46,000. GAMMA Investing LLC acquired a new stake in Caesars Entertainment in the fourth quarter valued at approximately $99,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Caesars Entertainment by 2,096.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,196 shares of the company’s stock valued at $103,000 after buying an additional 2,096 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CZR shares. JMP Securities dropped their price target on shares of Caesars Entertainment from $62.00 to $60.00 and set a “market outperform” rating for the company in a research note on Thursday, May 2nd. TD Cowen dropped their price target on shares of Caesars Entertainment from $53.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, April 12th. Wells Fargo & Company dropped their price target on shares of Caesars Entertainment from $67.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Finally, Susquehanna dropped their price target on shares of Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Caesars Entertainment has an average rating of “Moderate Buy” and a consensus target price of $55.08.

View Our Latest Research Report on Caesars Entertainment

Insider Buying and Selling at Caesars Entertainment

In related news, Director Michael E. Pegram purchased 40,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was purchased at an average cost of $36.39 per share, with a total value of $1,455,600.00. Following the completion of the purchase, the director now owns 181,697 shares in the company, valued at approximately $6,611,953.83. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Caesars Entertainment news, Director Michael E. Pegram acquired 15,000 shares of Caesars Entertainment stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $41.45 per share, for a total transaction of $621,750.00. Following the completion of 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 legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael E. Pegram acquired 40,000 shares of Caesars Entertainment stock in a transaction dated Friday, May 3rd. The shares were acquired at an average price of $36.39 per share, with a total value of $1,455,600.00. Following the completion of the acquisition, the director now directly owns 181,697 shares of the company’s stock, valued at $6,611,953.83. The disclosure for this purchase can be found here. Insiders own 0.64% of the company’s stock.

Caesars Entertainment Trading Up 0.6 %

CZR opened at $35.52 on Friday. Caesars Entertainment, Inc. has a 1-year low of $34.92 and a 1-year high of $60.27. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 2.65. The company has a market cap of $7.69 billion, a P/E ratio of 10.06 and a beta of 2.83. The company has a fifty day moving average price of $39.55 and a two-hundred day moving average price of $42.78.

Caesars Entertainment (NASDAQ:CZRGet Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period last year, the firm posted ($0.11) earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. Analysts predict that Caesars Entertainment, Inc. will post 0.13 EPS for the current fiscal year.

Caesars Entertainment Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Caesars Entertainment (NASDAQ:CZR)

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