Oak Thistle LLC Purchases New Position in Caesars Entertainment, Inc. $CZR

Oak Thistle LLC bought a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 35,788 shares of the company’s stock, valued at approximately $967,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Caesars Entertainment during the second quarter worth about $79,604,000. Hein Park Capital Management LP bought a new stake in Caesars Entertainment during the 1st quarter worth approximately $60,492,000. HG Vora Capital Management LLC increased its holdings in Caesars Entertainment by 73.3% during the 1st quarter. HG Vora Capital Management LLC now owns 3,900,000 shares of the company’s stock valued at $97,500,000 after purchasing an additional 1,650,000 shares in the last quarter. Nomura Holdings Inc. increased its holdings in Caesars Entertainment by 654.5% during the 2nd quarter. Nomura Holdings Inc. now owns 1,787,505 shares of the company’s stock valued at $50,747,000 after purchasing an additional 1,550,589 shares in the last quarter. Finally, Duquesne Family Office LLC bought a new position in Caesars Entertainment in the 1st quarter valued at $38,711,000. 91.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. JMP Securities lowered their target price on Caesars Entertainment from $41.00 to $40.00 and set a “market outperform” rating for the company in a research note on Friday, October 17th. Citigroup restated a “market outperform” rating on shares of Caesars Entertainment in a research report on Monday, December 1st. Stifel Nicolaus reduced their target price on shares of Caesars Entertainment from $43.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Zacks Research raised shares of Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Wells Fargo & Company started coverage on shares of Caesars Entertainment in a research report on Tuesday, November 18th. They issued an “equal weight” rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $35.33.

Caesars Entertainment Stock Up 1.0%

NASDAQ:CZR opened at $23.98 on Friday. 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 stock’s fifty day simple moving average is $21.80 and its 200-day simple moving average is $25.22. The firm has a market capitalization of $4.89 billion, a P/E ratio of -20.85 and a beta of 2.04.

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