Villere ST Denis J & Co. LLC Sells 19,365 Shares of Caesars Entertainment, Inc. $CZR

Villere ST Denis J & Co. LLC trimmed its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 789,267 shares of the company’s stock after selling 19,365 shares during the quarter. Caesars Entertainment makes up about 2.2% of Villere ST Denis J & Co. LLC’s investment portfolio, making the stock its 26th biggest position. Villere ST Denis J & Co. LLC’s holdings in Caesars Entertainment were worth $22,407,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. grew its stake in Caesars Entertainment by 2.3% during the second quarter. Vontobel Holding Ltd. now owns 15,795 shares of the company’s stock worth $448,000 after buying an additional 356 shares during the last quarter. UMB Bank n.a. grew its stake in Caesars Entertainment by 52.0% during the second quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock worth $30,000 after buying an additional 359 shares during the last quarter. Mather Group LLC. grew its stake in Caesars Entertainment by 64.4% during the first 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. Resona Asset Management Co. Ltd. grew its stake in Caesars Entertainment by 35.8% during the first quarter. Resona Asset Management Co. Ltd. now owns 1,809 shares of the company’s stock worth $46,000 after buying an additional 477 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Caesars Entertainment by 69.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company’s stock worth $33,000 after buying an additional 478 shares during the last quarter. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Price Performance

Shares of CZR stock opened at $21.86 on Friday. Caesars Entertainment, Inc. has a 52-week low of $21.40 and a 52-week high of $45.93. The stock has a market cap of $4.55 billion, a PE ratio of -23.76 and a beta of 2.38. 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 firm’s 50 day moving average price is $25.66 and its two-hundred day moving average price is $26.98.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, July 29th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.46). Caesars Entertainment had a negative net margin of 1.71% and a negative return on equity of 4.55%. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the business posted ($0.56) earnings per share. Caesars Entertainment’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CZR. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Caesars Entertainment in a research note on Wednesday. Barclays decreased their price target on shares of Caesars Entertainment from $45.00 to $43.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. Macquarie decreased their price target on shares of Caesars Entertainment from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. JPMorgan Chase & Co. increased their price target on shares of Caesars Entertainment from $47.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, July 22nd. Finally, Citigroup reissued a “market outperform” rating on shares of Caesars Entertainment in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $42.20.

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.