V Square Quantitative Management LLC Acquires 1,195 Shares of Caesars Entertainment, Inc. $CZR

V Square Quantitative Management LLC raised its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 16.5% during the second quarter, HoldingsChannel.com reports. The fund owned 8,431 shares of the company’s stock after purchasing an additional 1,195 shares during the period. V Square Quantitative Management LLC’s holdings in Caesars Entertainment were worth $239,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. boosted its stake in shares of Caesars Entertainment by 52.0% during the second quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock valued at $30,000 after purchasing an additional 359 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Caesars Entertainment by 64.4% during the first quarter. Mather Group LLC. now owns 1,034 shares of the company’s stock valued at $26,000 after purchasing an additional 405 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its stake in shares of Caesars Entertainment by 35.8% during the first quarter. Resona Asset Management Co. Ltd. now owns 1,809 shares of the company’s stock valued at $46,000 after purchasing an additional 477 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Caesars Entertainment by 69.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company’s stock valued at $33,000 after purchasing an additional 478 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Caesars Entertainment by 44.7% during the second quarter. Signaturefd LLC now owns 1,747 shares of the company’s stock valued at $50,000 after purchasing an additional 540 shares in the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CZR has been the topic of a number of recent research reports. Susquehanna cut their price target on Caesars Entertainment from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, August 1st. Zacks Research raised Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, August 18th. Stifel Nicolaus lifted their price objective on Caesars Entertainment from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. The Goldman Sachs Group assumed coverage on Caesars Entertainment in a research note on Monday, July 7th. They issued a “buy” rating and a $36.00 price objective on the stock. Finally, JMP Securities cut their price objective on Caesars Entertainment from $43.00 to $41.00 and set a “market outperform” rating on the stock in a research note on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Caesars Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of $42.33.

Caesars Entertainment Trading Up 3.7%

Shares of CZR stock opened at $26.90 on Friday. The company has a market cap of $5.59 billion, a P/E ratio of -29.24 and a beta of 2.38. The stock has a 50 day simple moving average of $26.09 and a two-hundred day simple moving average of $27.13. The company has a debt-to-equity ratio of 6.08, a quick ratio of 0.81 and a current ratio of 0.82. 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 issued its earnings results on Tuesday, July 29th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.46). The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.85 billion. Caesars Entertainment had a negative return on equity of 4.55% and a negative net margin of 1.71%.The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.56) earnings per share. Research analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Caesars Entertainment Company 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.