Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Acquired by Quest Partners LLC

Quest Partners LLC lifted its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 528,000.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,281 shares of the company’s stock after buying an additional 5,280 shares during the period. Quest Partners LLC’s holdings in Caesars Entertainment were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of Caesars Entertainment by 9.8% during the 3rd quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock worth $116,000 after buying an additional 248 shares during the last quarter. Assetmark Inc. increased its holdings in Caesars Entertainment by 8.0% in the 3rd quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock valued at $144,000 after purchasing an additional 256 shares during the last quarter. American Trust increased its holdings in Caesars Entertainment by 4.5% in the 1st quarter. American Trust now owns 7,346 shares of the company’s stock valued at $321,000 after purchasing an additional 313 shares during the last quarter. Private Advisor Group LLC increased its holdings in Caesars Entertainment by 3.0% in the 3rd quarter. Private Advisor Group LLC now owns 10,850 shares of the company’s stock valued at $453,000 after purchasing an additional 317 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Caesars Entertainment by 25.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock valued at $84,000 after purchasing an additional 403 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Wall Street Analyst Weigh In

CZR has been the subject of several research reports. StockNews.com upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Jefferies Financial Group dropped their target price on shares of Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Macquarie reiterated an “outperform” rating and issued a $50.00 target price on shares of Caesars Entertainment in a report on Wednesday, October 30th. Stifel Nicolaus lifted their target price on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of Caesars Entertainment from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Caesars Entertainment has a consensus rating of “Moderate Buy” and an average target price of $53.86.

Caesars Entertainment Trading Down 1.1 %

Caesars Entertainment stock opened at $38.25 on Thursday. The firm’s 50-day moving average is $41.60 and its 200-day moving average is $38.39. The company has a market cap of $8.13 billion, a P/E ratio of -23.25 and a beta of 2.96. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment, Inc. has a 1 year low of $31.74 and a 1 year high of $50.51.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.25). The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.93 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 earnings per share. On average, equities analysts expect that Caesars Entertainment, Inc. will post -0.56 earnings per share 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.