Michael E. Pegram Sells 5,000 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) Stock

Caesars Entertainment, Inc. (NASDAQ:CZR) Director Michael E. Pegram sold 5,000 shares of the company’s stock in a transaction dated Friday, September 17th. The shares were sold at an average price of $110.48, for a total value of $552,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CZR stock opened at $109.91 on Thursday. Caesars Entertainment, Inc. has a 52-week low of $43.07 and a 52-week high of $113.46. The stock’s fifty day simple moving average is $95.86 and its 200-day simple moving average is $97.73. The company has a quick ratio of 1.15, a current ratio of 1.16 and a debt-to-equity ratio of 5.08. The stock has a market capitalization of $23.46 billion, a price-to-earnings ratio of -11.34 and a beta of 3.20.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, August 3rd. The company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.74. Caesars Entertainment had a negative return on equity of 38.37% and a negative net margin of 25.91%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.29 billion. As a group, analysts anticipate that Caesars Entertainment, Inc. will post -1.69 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in CZR. First Trust Advisors LP increased its position in shares of Caesars Entertainment by 44.7% during the first quarter. First Trust Advisors LP now owns 637,174 shares of the company’s stock worth $5,537,000 after acquiring an additional 196,890 shares during the last quarter. US Bancorp DE grew its stake in Caesars Entertainment by 37.2% in the first quarter. US Bancorp DE now owns 1,365 shares of the company’s stock worth $119,000 after purchasing an additional 370 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Caesars Entertainment by 1.8% in the first quarter. Commonwealth Equity Services LLC now owns 9,597 shares of the company’s stock worth $839,000 after purchasing an additional 173 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Caesars Entertainment by 8.0% in the first quarter. Envestnet Asset Management Inc. now owns 51,136 shares of the company’s stock worth $4,472,000 after purchasing an additional 3,768 shares in the last quarter. Finally, Standard Life Aberdeen plc acquired a new position in Caesars Entertainment in the first quarter worth about $5,354,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Caesars Entertainment from $126.00 to $132.00 and gave the company a “buy” rating in a research report on Monday, June 7th. Bank of America raised Caesars Entertainment from a “neutral” rating to a “buy” rating in a research report on Monday, August 9th. Cowen upped their price objective on Caesars Entertainment from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, September 10th. Morgan Stanley upped their price objective on Caesars Entertainment from $124.00 to $127.00 and gave the company an “overweight” rating in a research note on Wednesday, August 4th. Finally, Stifel Nicolaus upped their price objective on Caesars Entertainment from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, August 4th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Caesars Entertainment presently has a consensus rating of “Buy” and a consensus price target of $114.75.

Caesars Entertainment Company Profile

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Insider Buying and Selling by Quarter for Caesars Entertainment (NASDAQ:CZR)

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