Northwood Liquid Management LP purchased a new position in Caesars Entertainment Co. (NASDAQ:CZR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,545,104 shares of the company’s stock, valued at approximately $10,491,000. Caesars Entertainment accounts for approximately 7.1% of Northwood Liquid Management LP’s investment portfolio, making the stock its 7th largest position. Northwood Liquid Management LP owned 0.23% of Caesars Entertainment as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaCrest Capital Management LLC acquired a new position in shares of Caesars Entertainment during the 4th quarter valued at $74,000. Lehman & Derafelo Financial Resources LLC acquired a new position in shares of Caesars Entertainment during the 4th quarter valued at $75,000. Alps Advisors Inc. acquired a new position in shares of Caesars Entertainment during the 4th quarter valued at $85,000. OLD Mission Capital LLC acquired a new position in shares of Caesars Entertainment during the 4th quarter valued at $88,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Caesars Entertainment during the 4th quarter valued at $116,000.
Shares of NASDAQ:CZR opened at $8.53 on Thursday. The company has a debt-to-equity ratio of 5.65, a current ratio of 1.13 and a quick ratio of 1.11. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of -44.89 and a beta of 1.20. Caesars Entertainment Co. has a twelve month low of $5.84 and a twelve month high of $13.54.
Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Thursday, February 21st. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). Caesars Entertainment had a negative return on equity of 4.12% and a net margin of 3.61%. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the previous year, the company posted $2.48 earnings per share. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. Analysts predict that Caesars Entertainment Co. will post -0.35 EPS for the current fiscal year.
In other Caesars Entertainment news, VP Les Ottolenghi sold 17,240 shares of Caesars Entertainment stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $8.74, for a total transaction of $150,677.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Don R. Kornstein purchased 20,000 shares of the firm’s stock in a transaction on Friday, December 21st. The shares were acquired at an average cost of $6.29 per share, for a total transaction of $125,800.00. Following the completion of the purchase, the director now directly owns 88,552 shares of the company’s stock, valued at approximately $556,992.08. The disclosure for this purchase can be found here. Insiders sold 97,460 shares of company stock worth $840,337 over the last ninety days. 0.92% of the stock is currently owned by insiders.
A number of research analysts recently issued reports on CZR shares. UBS Group upgraded shares of Caesars Entertainment from a “sell” rating to a “neutral” rating and dropped their target price for the company from $9.00 to $7.00 in a research report on Wednesday, January 2nd. Zacks Investment Research downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. Deutsche Bank restated a “buy” rating and set a $11.00 price objective on shares of Caesars Entertainment in a report on Monday, February 25th. BidaskClub upgraded shares of Caesars Entertainment from a “strong sell” rating to a “sell” rating in a report on Friday, January 11th. Finally, Bank of America downgraded shares of Caesars Entertainment from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $8.75 to $9.00 in a report on Wednesday, January 16th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $11.75.
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Caesars Entertainment Profile
Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.
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