Caesars Entertainment, Inc. $CZR Stock: TD Waterhouse Canada Inc. Grows Position

TD Waterhouse Canada Inc. raised its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 26,309.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,823 shares of the company’s stock after buying an additional 113,392 shares during the period. TD Waterhouse Canada Inc. owned about 0.06% of Caesars Entertainment worth $3,375,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new position in Caesars Entertainment during the second quarter valued at approximately $830,001,000. Pentwater Capital Management LP acquired a new position in shares of Caesars Entertainment during the 2nd quarter worth $346,014,000. Bank of America Corp DE bought a new position in shares of Caesars Entertainment during the 2nd quarter valued at $96,169,000. Bamco Inc. NY bought a new position in shares of Caesars Entertainment during the 2nd quarter valued at $49,624,000. Finally, Cyrus Capital Partners L.P. bought a new stake in Caesars Entertainment in the first quarter worth $37,795,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Caesars Entertainment

In other Caesars Entertainment news, CMO Josh Jones sold 59,507 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $29.72, for a total value of $1,768,548.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Janis Jones Blackhurst sold 33,899 shares of the business’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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 322,682 shares of company stock valued at $9,565,403 in the last quarter. Company insiders own 1.18% of the company’s stock.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $29.09 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.70. The business’s 50 day moving average is $29.59 and its two-hundred day moving average is $29.07. The company has a market cap of $5.93 billion, a P/E ratio of -12.76 and a beta of 1.85. Caesars Entertainment, Inc. has a 12 month low of $17.86 and a 12 month high of $30.88.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, July 28th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.35). The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.98 billion. Caesars Entertainment had a negative net margin of 3.99% and a negative return on equity of 7.64%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.39) earnings per share. On average, equities analysts expect that Caesars Entertainment, Inc. will post -0.90 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. TD Cowen lowered Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a report on Wednesday, July 29th. Barclays reissued an “equal weight” rating and set a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a report on Thursday, July 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Caesars Entertainment in a research note on Thursday, August 13th. Zacks Research raised Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Finally, Capital One Financial lowered Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $30.71.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc is a gaming, hospitality and entertainment company that operates casino resorts and related businesses primarily in the United States. Its properties offer casino gaming, hotel accommodations, restaurants, bars, entertainment venues, meeting and convention facilities, and other leisure amenities.

The company operates well-known destinations in Las Vegas, including Caesars Palace, Paris Las Vegas, Planet Hollywood Resort & Casino, and The Cromwell, as well as regional casinos and resorts across several U.S.