Mitsubishi UFJ Asset Management Co. Ltd. Buys 37,098 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZRFree Report) by 19.6% during the 4th quarter, HoldingsChannel reports. The fund owned 226,725 shares of the company’s stock after buying an additional 37,098 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Caesars Entertainment were worth $10,203,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Caesars Entertainment in the third quarter valued at about $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. acquired a new position in shares of Caesars Entertainment in the 4th quarter worth approximately $46,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Caesars Entertainment by 2,096.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,196 shares of the company’s stock worth $103,000 after buying an additional 2,096 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in Caesars Entertainment in the 4th quarter valued at $99,000. Institutional investors own 91.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CZR. Barclays cut their price objective on Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating for the company in a report on Friday, April 12th. Wells Fargo & Company decreased their price objective on shares of Caesars Entertainment from $67.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Stifel Nicolaus cut their target price on shares of Caesars Entertainment from $67.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, TD Cowen decreased their price target on Caesars Entertainment from $53.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.08.

Read Our Latest Research Report on Caesars Entertainment

Insider Activity

In related news, Director Michael E. Pegram purchased 40,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $36.39 per share, with a total value of $1,455,600.00. Following the purchase, the director now directly owns 181,697 shares in the company, valued at approximately $6,611,953.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Michael E. Pegram acquired 40,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average price of $36.39 per share, for a total transaction of $1,455,600.00. Following the transaction, the director now directly owns 181,697 shares in the company, valued at $6,611,953.83. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael E. Pegram bought 15,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost of $41.45 per share, with a total value of $621,750.00. Following the completion of the purchase, the director now owns 4,612 shares of the company’s stock, valued at approximately $191,167.40. The disclosure for this purchase can be found here. 0.64% of the stock is currently owned by company insiders.

Caesars Entertainment Price Performance

Shares of CZR stock opened at $35.52 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 2.65. Caesars Entertainment, Inc. has a 12 month low of $34.92 and a 12 month high of $60.27. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 10.06 and a beta of 2.83. The stock has a 50-day moving average price of $39.55 and a 200 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 analysts’ consensus estimates of ($0.03) by ($0.31). Caesars Entertainment had a return on equity of 1.27% and a net margin of 6.68%. The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period last year, the firm earned ($0.11) earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. Research analysts expect that Caesars Entertainment, Inc. will post 0.13 EPS for the current year.

Caesars Entertainment Company 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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Want to see what other hedge funds are holding CZR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caesars Entertainment, Inc. (NASDAQ:CZRFree Report).

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

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