Cerity Partners LLC Acquires 601 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Cerity Partners LLC grew its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 7.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,174 shares of the company’s stock after buying an additional 601 shares during the period. Cerity Partners LLC’s holdings in Caesars Entertainment were worth $430,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CZR. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Caesars Entertainment in the 3rd quarter valued at about $32,000. Covestor Ltd boosted its holdings in shares of Caesars Entertainment by 22.9% in the 3rd quarter. Covestor Ltd now owns 2,575 shares of the company’s stock valued at $119,000 after buying an additional 480 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Caesars Entertainment by 33.3% in the 3rd quarter. Signaturefd LLC now owns 2,603 shares of the company’s stock valued at $121,000 after buying an additional 650 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Caesars Entertainment by 10.6% in the 3rd quarter. Assetmark Inc. now owns 2,713 shares of the company’s stock valued at $126,000 after buying an additional 261 shares in the last quarter. Finally, Aspire Private Capital LLC boosted its stake in Caesars Entertainment by 30.9% in the 3rd quarter. Aspire Private Capital LLC now owns 2,833 shares of the company’s stock worth $131,000 after purchasing an additional 669 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CZR has been the subject of a number of recent analyst reports. StockNews.com cut shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Susquehanna lowered their target price on shares of Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. JPMorgan Chase & Co. lowered their target price on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, January 9th. Stifel Nicolaus lowered their target price on shares of Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, January 18th. Finally, Barclays lowered their target price on shares of Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Caesars Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of $57.36.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $38.04 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 2.59. The company has a 50 day simple moving average of $41.48 and a two-hundred day simple moving average of $43.47. Caesars Entertainment, Inc. has a 12 month low of $37.34 and a 12 month high of $60.27. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 10.48 and a beta of 2.81.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. As a group, analysts predict that Caesars Entertainment, Inc. will post 1.07 earnings per share for the current year.

Insider Activity at Caesars Entertainment

In other news, Director Michael E. Pegram bought 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of $41.45 per share, for a total transaction of $621,750.00. Following the purchase, the director now directly owns 4,612 shares in the company, valued at approximately $191,167.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.64% of the company’s stock.

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.