Harvest Portfolios Group Inc. Has $682,000 Holdings in Caesars Entertainment, Inc. $CZR

Harvest Portfolios Group Inc. lessened its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 12.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,266 shares of the company’s stock after selling 3,753 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Caesars Entertainment were worth $682,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Long Pond Capital LP raised its stake in Caesars Entertainment by 54.0% during the 1st quarter. Long Pond Capital LP now owns 681,189 shares of the company’s stock worth $17,030,000 after buying an additional 238,894 shares during the period. Comerica Bank raised its stake in Caesars Entertainment by 1.3% during the 1st quarter. Comerica Bank now owns 267,023 shares of the company’s stock worth $6,676,000 after buying an additional 3,408 shares during the period. MetLife Investment Management LLC increased its holdings in Caesars Entertainment by 150.5% during the 1st quarter. MetLife Investment Management LLC now owns 140,817 shares of the company’s stock worth $3,520,000 after purchasing an additional 84,605 shares in the last quarter. DG Capital Management LLC increased its holdings in Caesars Entertainment by 2,725.1% during the 1st quarter. DG Capital Management LLC now owns 721,993 shares of the company’s stock worth $18,050,000 after purchasing an additional 696,437 shares in the last quarter. Finally, Penn Capital Management Company LLC increased its holdings in Caesars Entertainment by 101.9% during the 1st quarter. Penn Capital Management Company LLC now owns 45,207 shares of the company’s stock worth $1,154,000 after purchasing an additional 22,812 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CZR shares. Citigroup reiterated a “market outperform” rating on shares of Caesars Entertainment in a report on Friday, July 18th. Macquarie lowered their target price on Caesars Entertainment from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, July 30th. Susquehanna lowered 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. Truist Financial lowered 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. Finally, The Goldman Sachs Group started coverage on Caesars Entertainment in a report on Monday, July 7th. They set a “buy” rating and a $36.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.47.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $26.14 on Wednesday. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of -28.41 and a beta of 2.40. The business has a 50-day moving average of $27.84 and a 200-day moving average of $28.39. The company has a debt-to-equity ratio of 6.08, a current ratio of 0.82 and a quick ratio of 0.81. 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 announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate 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 was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.56) EPS. As a group, sell-side analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

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.