US Bancorp DE Sells 7,700 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

US Bancorp DE lowered its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 49.9% in the 1st quarter, Holdings Channel reports. The fund owned 7,733 shares of the company’s stock after selling 7,700 shares during the quarter. US Bancorp DE’s holdings in Caesars Entertainment were worth $193,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. grew its stake in shares of Caesars Entertainment by 64.4% in the 1st quarter. Mather Group LLC. now owns 1,034 shares of the company’s stock worth $26,000 after buying an additional 405 shares during the last quarter. Allworth Financial LP grew its stake in shares of Caesars Entertainment by 97.8% in the 1st quarter. Allworth Financial LP now owns 1,339 shares of the company’s stock worth $36,000 after buying an additional 662 shares during the last quarter. Bogart Wealth LLC grew its stake in shares of Caesars Entertainment by 82.8% in the 1st quarter. Bogart Wealth LLC now owns 1,545 shares of the company’s stock worth $39,000 after buying an additional 700 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Caesars Entertainment by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company’s stock worth $53,000 after purchasing an additional 800 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of Caesars Entertainment in the 4th quarter worth $71,000. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

NASDAQ CZR opened at $25.33 on Friday. The company has a market capitalization of $5.27 billion, a PE ratio of -27.53 and a beta of 2.40. The company has a debt-to-equity ratio of 6.08, a quick ratio of 0.81 and a current ratio of 0.82. The business’s fifty day moving average is $27.99 and its 200 day moving average is $28.93. Caesars Entertainment, Inc. has a fifty-two week low of $21.40 and a fifty-two week high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, July 29th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.46). The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a negative net margin of 1.71% and a negative return on equity of 4.55%. Caesars Entertainment’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.56) earnings per share. Sell-side analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on CZR shares. JPMorgan Chase & Co. lifted their target price on Caesars Entertainment from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, July 22nd. JMP Securities reduced their target price on Caesars Entertainment from $45.00 to $43.00 and set a “market outperform” rating for the company in a report on Wednesday, July 30th. Truist Financial reduced their target price on Caesars Entertainment from $38.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Citigroup reissued a “market outperform” rating on shares of Caesars Entertainment in a report on Friday, July 18th. Finally, Susquehanna reduced their target price on Caesars Entertainment from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, August 1st. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Caesars Entertainment has an average rating of “Moderate Buy” and a consensus price target of $42.47.

Caesars Entertainment 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.