Great West Life Assurance Co. Can has a new interest in Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating ) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 106,726 shares of the company’s stock, valued at approximately $3,440,000.
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A number of other large investors have also recently added to or reduced their stakes in CZR. Wipfli Financial Advisors LLC acquired a new stake in shares of Caesars Entertainment during the 3rd quarter worth about $25,000. Hexagon Capital Partners LLC acquired a new stake in shares of Caesars Entertainment during the 3rd quarter worth about $29,000. Quadrant Capital Group LLC raised its stake in Caesars Entertainment by 60.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 777 shares of the company’s stock valued at $30,000 after purchasing an additional 293 shares in the last quarter. American National Bank acquired a new stake in Caesars Entertainment in the 3rd quarter worth about $31,000. Finally, Assetmark Inc. raised its stake in Caesars Entertainment by 78.1% in the 3rd quarter. Assetmark Inc. now owns 1,092 shares of the company’s stock valued at $35,000 after purchasing an additional 479 shares in the last quarter. Institutional investors and hedge funds own 93.88% of the company’s shares.
Caesars Entertainment stock rose 5.9%
Shares of NASDAQ CZR opened at $50.34 on Tuesday. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.78, and a current ratio of 0.80. Caesars Entertainment, Inc. has a 52-week low of $31.31 and a 52-week high of $89.80. The company’s 50 day moving average price is $47.18 and its 200 day moving average price is $44.33. The company has a market cap of $10.80 billion, a p/e ratio of -9.09 and a beta of 2.83.
Caesars Entertainment (NASDAQ:CZR – Get Rating) last released its earnings results on Tuesday, November 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. Caesars Entertainment had a negative net margin of 11.18% and a negative return on equity of 15.21%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.84 billion. Stock analysts predict that Caesars Entertainment, Inc. -1.56 earnings per share for the current year.
Insider Activity at Caesars Entertainment
In related news, Director Michael E. Pegram bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The shares were bought at an average price of $44.74 per share, for a total transaction of $1,118,500.00. Following the transaction, the director now directly owns 96,697 shares of the company’s stock, valued at $4,326,223.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by corporate insiders.
Wall Street Analysts predict growth
Several research firms have commented on CZR. Bank of America decreased their target price on shares of Caesars Entertainment from $55.00 to $50.00 in a report on Wednesday, January 4th. StockNews.com began coverage on shares of Caesars Entertainment in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Wells Fargo & Company lifted their target price on shares of Caesars Entertainment from $64.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 2nd. Truist Financial decreased their target price on shares of Caesars Entertainment from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, October 25th. Finally, Cowen lowered their target price on shares of Caesars Entertainment to $75.00 in a research report on Thursday, October 20th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $67.64.
Caesars Entertainment Company Profile
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, Other USA and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.
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