Swiss National Bank Sells 19,000 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Swiss National Bank cut its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 673,200 shares of the company’s stock after selling 19,000 shares during the period. Swiss National Bank’s holdings in Caesars Entertainment were worth $31,560,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Caesars Entertainment by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 23,411,856 shares of the company’s stock valued at $1,085,140,000 after acquiring an additional 129,541 shares during the last quarter. Invesco Ltd. boosted its position in Caesars Entertainment by 8.7% during the third quarter. Invesco Ltd. now owns 3,657,416 shares of the company’s stock worth $169,521,000 after purchasing an additional 293,078 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Caesars Entertainment by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,052,738 shares of the company’s stock valued at $95,144,000 after purchasing an additional 77,595 shares during the period. Northern Trust Corp lifted its stake in shares of Caesars Entertainment by 3.9% in the third quarter. Northern Trust Corp now owns 1,934,704 shares of the company’s stock worth $89,674,000 after buying an additional 72,008 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in Caesars Entertainment by 37.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 1,433,641 shares of the company’s stock valued at $67,209,000 after buying an additional 387,391 shares during the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on CZR shares. JPMorgan Chase & Co. decreased their target price on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, January 9th. JMP Securities cut their price objective on shares of Caesars Entertainment from $62.00 to $60.00 and set a “market outperform” rating for the company in a research report on Thursday, May 2nd. Barclays decreased their target price on Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Susquehanna reduced their price objective on Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, February 21st. Finally, Stifel Nicolaus lowered their price objective on Caesars Entertainment from $67.00 to $54.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Caesars Entertainment has an average rating of “Moderate Buy” and an average target price of $53.83.

Insider Transactions at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram purchased 40,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost of $36.39 per share, with a total value of $1,455,600.00. Following the acquisition, the director now directly owns 181,697 shares of the company’s stock, valued at approximately $6,611,953.83. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Michael E. Pegram purchased 15,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of $41.45 per share, with a total value of $621,750.00. Following the completion of the purchase, the director now directly owns 4,612 shares of the company’s stock, valued at $191,167.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael E. Pegram acquired 40,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average price of $36.39 per share, with a total value of $1,455,600.00. Following the transaction, the director now directly owns 181,697 shares in the company, valued at $6,611,953.83. The disclosure for this purchase can be found here. 0.64% of the stock is owned by company insiders.

Caesars Entertainment Stock Up 0.8 %

Shares of NASDAQ CZR opened at $36.35 on Wednesday. The business has a fifty day moving average of $40.46 and a two-hundred day moving average of $43.01. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.67 and a current ratio of 0.69. Caesars Entertainment, Inc. has a 52-week low of $35.09 and a 52-week high of $60.27. The stock has a market cap of $7.87 billion, a PE ratio of 10.30 and a beta of 2.83.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly 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). The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.85 billion. Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.11) earnings per share. As a group, equities research analysts expect that Caesars Entertainment, Inc. will post 0.23 earnings per share for the current fiscal year.

Caesars Entertainment Profile

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.