Dynamic Technology Lab Private Ltd Buys 48,834 Shares of Caesars Entertainment, Inc. $CZR

Dynamic Technology Lab Private Ltd increased its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 157.8% in the second quarter, Holdings Channel reports. The firm owned 79,777 shares of the company’s stock after buying an additional 48,834 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Caesars Entertainment were worth $2,265,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CZR. JFS Wealth Advisors LLC grew its position in shares of Caesars Entertainment by 508.5% during the 2nd quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock worth $25,000 after buying an additional 722 shares during the period. UMB Bank n.a. raised its position in shares of Caesars Entertainment by 52.0% in the 2nd quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock valued at $30,000 after acquiring an additional 359 shares during the period. Farther Finance Advisors LLC boosted its stake in Caesars Entertainment by 168.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company’s stock worth $32,000 after acquiring an additional 711 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings 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 valued at $33,000 after purchasing an additional 478 shares during the period. Finally, Hilltop National Bank bought a new stake in Caesars Entertainment in the second quarter valued at approximately $35,000. 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 analyst reports. Wells Fargo & Company initiated coverage on shares of Caesars Entertainment in a report on Tuesday. They issued an “equal weight” rating and a $21.00 price target for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Caesars Entertainment in a research note on Wednesday, October 8th. Wall Street Zen downgraded Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Macquarie cut their price objective on Caesars Entertainment from $40.00 to $33.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Finally, Morgan Stanley decreased their price objective on Caesars Entertainment from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Caesars Entertainment presently has a consensus rating of “Moderate Buy” and an average target price of $36.12.

Caesars Entertainment Price Performance

NASDAQ CZR opened at $19.98 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 6.23. Caesars Entertainment, Inc. has a 12-month low of $18.25 and a 12-month high of $40.00. The company has a market capitalization of $4.08 billion, a PE ratio of -17.37 and a beta of 2.32. The firm’s 50 day moving average is $22.99 and its 200-day moving average is $26.00.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, October 28th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.16). Caesars Entertainment had a negative return on equity of 5.76% and a negative net margin of 2.12%.The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the previous year, the company posted ($0.04) EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal 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.