Captrust Financial Advisors Cuts Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Captrust Financial Advisors reduced its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 3.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,282 shares of the company’s stock after selling 756 shares during the period. Captrust Financial Advisors’ holdings in Caesars Entertainment were worth $644,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CZR. Aspire Private Capital LLC increased its stake in Caesars Entertainment by 48.3% during the 4th quarter. Aspire Private Capital LLC now owns 7,683 shares of the company’s stock worth $257,000 after buying an additional 2,503 shares in the last quarter. Avior Wealth Management LLC increased its stake in Caesars Entertainment by 12,577.8% during the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock worth $76,000 after buying an additional 2,264 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Caesars Entertainment by 4.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 53,170 shares of the company’s stock valued at $1,777,000 after purchasing an additional 2,328 shares in the last quarter. KBC Group NV grew its position in shares of Caesars Entertainment by 26.9% in the fourth quarter. KBC Group NV now owns 9,496 shares of the company’s stock valued at $317,000 after purchasing an additional 2,011 shares in the last quarter. Finally, Lebenthal Global Advisors LLC grew its position in shares of Caesars Entertainment by 5.7% in the fourth quarter. Lebenthal Global Advisors LLC now owns 10,890 shares of the company’s stock valued at $364,000 after purchasing an additional 587 shares in the last quarter. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CZR. Raymond James dropped their price target on Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating for the company in a research report on Wednesday, March 19th. Stifel Nicolaus dropped their price target on Caesars Entertainment from $51.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Macquarie dropped their price target on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. JMP Securities restated a “market outperform” rating and issued a $45.00 price target on shares of Caesars Entertainment in a research report on Wednesday, April 30th. Finally, Susquehanna upped their price objective on Caesars Entertainment from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.77.

Caesars Entertainment Stock Up 1.3%

NASDAQ:CZR opened at $30.70 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The stock’s fifty day moving average is $26.92 and its two-hundred day moving average is $32.57. Caesars Entertainment, Inc. has a 52 week low of $21.40 and a 52 week high of $45.93. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of -18.38 and a beta of 2.51.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, April 29th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.35). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the company earned ($0.73) earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Research analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

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.