WINTON GROUP Ltd Makes New $14.09 Million Investment in Caesars Entertainment, Inc. $CZR

WINTON GROUP Ltd purchased a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 467,000 shares of the company’s stock, valued at approximately $14,094,000. WINTON GROUP Ltd owned about 0.23% of Caesars Entertainment at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CZR. Engineers Gate Manager LP bought a new position in Caesars Entertainment in the 2nd quarter worth $609,000. Maven Securities LTD bought a new stake in Caesars Entertainment during the second quarter valued at about $8,545,000. Governors Lane LP purchased a new stake in Caesars Entertainment in the second quarter worth about $2,921,000. Carmignac Gestion bought a new position in shares of Caesars Entertainment in the second quarter worth about $3,033,000. Finally, Nykredit A S bought a new position in shares of Caesars Entertainment in the second quarter worth about $8,975,000. Institutional investors own 91.79% of the company’s stock.

Insider Transactions at Caesars Entertainment

In other news, Director Janis Jones Blackhurst sold 33,899 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $29.63, for a total transaction of $1,004,427.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Pegram sold 16,897 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $29.46, for a total value of $497,785.62. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 318,437 shares of company stock worth $9,435,690. 1.18% of the stock is currently owned by company insiders.

Caesars Entertainment Trading Up 0.0%

Caesars Entertainment stock opened at $29.67 on Thursday. Caesars Entertainment, Inc. has a 1 year low of $17.86 and a 1 year high of $30.88. The firm’s 50 day moving average price is $29.84 and its 200-day moving average price is $28.28. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.85 and a quick ratio of 0.83. The stock has a market cap of $6.05 billion, a P/E ratio of -13.01 and a beta of 1.75.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, July 28th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.35). The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.98 billion. Caesars Entertainment had a negative return on equity of 7.64% and a negative net margin of 3.99%.Caesars Entertainment’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.39) EPS. On average, equities analysts predict that Caesars Entertainment, Inc. will post -0.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on CZR shares. Susquehanna upgraded Caesars Entertainment from a “positive” rating to a “positive” rating in a research note on Friday, May 29th. Wells Fargo & Company raised their target price on shares of Caesars Entertainment from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 2nd. Raymond James Financial lowered shares of Caesars Entertainment from a “strong-buy” rating to a “market perform” rating in a research report on Friday, May 29th. Truist Financial cut shares of Caesars Entertainment from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $32.00 to $31.00 in a research note on Friday, May 29th. Finally, Texas Capital downgraded shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Caesars Entertainment has a consensus rating of “Hold” and an average price target of $30.71.

About Caesars Entertainment

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.