Caesars Entertainment, Inc. $CZR Shares Sold by Private Wealth Partners LLC

Private Wealth Partners LLC lessened its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 9.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 226,320 shares of the company’s stock after selling 24,260 shares during the quarter. Private Wealth Partners LLC owned 0.11% of Caesars Entertainment worth $6,116,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Caesars Entertainment in the 2nd quarter valued at $79,604,000. Nomura Holdings Inc. raised its holdings in Caesars Entertainment by 654.5% in the 2nd quarter. Nomura Holdings Inc. now owns 1,787,505 shares of the company’s stock valued at $50,747,000 after acquiring an additional 1,550,589 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Caesars Entertainment in the second quarter valued at approximately $35,391,000. Amundi increased its stake in shares of Caesars Entertainment by 82.1% in the 2nd quarter. Amundi now owns 2,025,951 shares of the company’s stock worth $60,049,000 after acquiring an additional 913,275 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Caesars Entertainment by 106.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,599,273 shares of the company’s stock worth $39,982,000 after purchasing an additional 826,356 shares during the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CZR has been the topic of several research analyst reports. Stifel Nicolaus reduced their price objective on shares of Caesars Entertainment from $43.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Wall Street Zen lowered Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. JPMorgan Chase & Co. cut their target price on shares of Caesars Entertainment from $43.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Citigroup restated a “market outperform” rating on shares of Caesars Entertainment in a research note on Monday, December 1st. Finally, TD Cowen reissued a “buy” rating on shares of Caesars Entertainment in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.61.

Caesars Entertainment Trading Down 2.7%

Shares of CZR opened at $20.70 on Friday. The company has a market capitalization of $4.23 billion, a PE ratio of -18.00, a price-to-earnings-growth ratio of 5.78 and a beta of 2.03. The stock has a fifty day moving average of $23.54 and a two-hundred day moving average of $24.25. Caesars Entertainment, Inc. has a fifty-two week low of $18.25 and a fifty-two week high of $40.00. The company has a debt-to-equity ratio of 6.23, a quick ratio of 0.76 and a current ratio of 0.78.

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

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.