Barclays PLC increased its stake in Caesars Entertainment, Inc. (NASDAQ: CZR – Get Rating ) by 82.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owns 468,825 shares of the company after purchasing an additional 212,374 shares during the quarter. As of its most recent SEC filing, Barclays PLC owns approximately 0.22% of Caesars Entertainment, worth $15,124,000.
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Many other institutional investors have also bought and sold CZR stock recently. Vanguard Group Inc. boosted its stake in Caesars Entertainment by 1.3 percent in the first quarter. Vanguard Group Inc. now owns 21,843,353 shares of the company worth $1,689,802,000 after purchasing an additional 290,006 shares last quarter. FMR LLC increased its position in Caesars Entertainment by 13.0% in the second quarter. FMR LLC now owns 19,165,674 shares of the company worth $734,045,000 after acquiring an additional 2,206,419 shares during this period. Point Break Capital Management LLC increased its position in Caesars Entertainment by 10.3% in the first quarter. During the period, Point Break Capital Management LLC now owns 10,617,833 shares of the company worth $821,396,000 after acquiring an additional 987,230 shares. Capital International Investors increased its stake in Caesars Entertainment stock by 2.9% in the first quarter. Capital International Investors now owns 4,965,083 shares of the company worth $384,099,000 after purchasing an additional 140,802 shares last quarter. Finally, Samlyn Capital LLC increased its Caesars Entertainment stake by 46.6% during the second quarter. Samlyn Capital LLC now owns 2,525,865 shares of the company worth $96,742,000 after purchasing an additional 803,101 shares last quarter. Hedge funds and other institutional investors own 93.88% of the company.
Wall Street analysts weigh in
Several equity analysts recently issued reports on CZR stock. Bank of America cut their target price on shares of Caesars Entertainment from $55.00 to $50.00 in a research note on Wednesday, January 4th. StockNews.com began coverage on Caesars Entertainment in a report on Wednesday, October 12th. They set a “hold” rating on the company. Susquehanna cut their price target on Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating on the company in a research report on Monday, October 3rd. Truist Financial cut their price target on Caesars Entertainment from $72.00 to $70.00 and set a “buy” rating on the company in a research note on Tuesday, October 25th. Finally, Cowen cut their price objective on shares of Caesars Entertainment to $75.00 in a research report on Thursday, October 20th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $68.07.
In other Caesars Entertainment news, Director Michael E. Pegram purchased 25,000 shares in trading on Friday, November 4th. These shares were purchased at an average price of $44.74 per share for a total value of $1,118,500.00. Following the acquisition, the directors now directly own 96,697 shares of the company, worth approximately $4,326,223.78. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.50% of shares are currently owned by insiders.
Caesars Entertainment shares rose 1.5 percent
CZR stock opened Wednesday at $51.09. The stock has a 50-day simple moving average of $47.12 and a 200-day simple moving average of $44.41. Caesars Entertainment, Inc. had a 52-week low of $31.31 and a 52-week high of $89.80. The company’s debt-to-equity ratio is 6.53, the quick ratio is 0.78, and the current ratio is 0.80. The company has a market cap of $10.96 billion, a price-to-earnings ratio of -9.22, and a beta of 2.83.
Caesars Entertainment (NASDAQ: CZR – Get Rating ) last reported quarterly earnings data on Tuesday, November 1st. The company reported earnings per share (EPS) of $0.24 for the quarter, beating analysts’ consensus estimate of $0.15 by $0.09. The company’s revenue for the quarter was $2.89 billion, compared with the consensus estimate of $2.84 billion. Caesars Entertainment had a negative return on equity of 15.21% and a net profit margin of 11.18%. On average, research analysts expect Caesars Entertainment, Inc. to post earnings per share of -1.56 for the fiscal year.
About Caesars Entertainment
Caesars Holdings, Inc is a holding company engaged in the provision of casino entertainment and hospitality services. It operates through the following segments: Las Vegas, Rest of U.S. and All Other. All other segments include management and international properties and other businesses, such as Caesars Interactive Entertainment.
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