Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 56.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,424 shares of the company’s stock after buying an additional 11,665 shares during the period. PNC Financial Services Group Inc.’s holdings in Caesars Entertainment were worth $1,353,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co grew its holdings in Caesars Entertainment by 4.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 66,907 shares of the company’s stock valued at $2,928,000 after purchasing an additional 2,596 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Caesars Entertainment during the 1st quarter valued at approximately $442,000. Comerica Bank grew its stake in Caesars Entertainment by 345.0% in the 1st quarter. Comerica Bank now owns 107,355 shares of the company’s stock valued at $4,696,000 after acquiring an additional 83,231 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in Caesars Entertainment by 26.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 27,420 shares of the company’s stock worth $1,173,000 after acquiring an additional 5,715 shares in the last quarter. Finally, American Trust raised its position in Caesars Entertainment by 4.5% during the first quarter. American Trust now owns 7,346 shares of the company’s stock worth $321,000 after acquiring an additional 313 shares during the period. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Trading Down 1.1 %

Shares of CZR opened at $38.25 on Thursday. Caesars Entertainment, Inc. has a 12-month low of $31.74 and a 12-month high of $50.51. The firm has a market capitalization of $8.13 billion, a P/E ratio of -22.90 and a beta of 2.96. The firm has a 50-day moving average price of $41.60 and a 200 day moving average price of $38.39. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share 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 analysts’ expectations of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the company earned $0.34 EPS. Sell-side analysts forecast that Caesars Entertainment, Inc. will post -0.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Macquarie reiterated an “outperform” rating and issued a $50.00 target price on shares of Caesars Entertainment in a research report on Wednesday, October 30th. Morgan Stanley boosted their price objective on Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. raised their target price on Caesars Entertainment from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. StockNews.com raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus increased their price objective on Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $53.86.

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.