Atom Investors LP Lowers Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Atom Investors LP lowered its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 29.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,938 shares of the company’s stock after selling 15,471 shares during the quarter. Atom Investors LP’s holdings in Caesars Entertainment were worth $1,584,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its stake in Caesars Entertainment by 9.8% in the 3rd quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock worth $116,000 after purchasing an additional 248 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Caesars Entertainment by 8.0% in the third quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock worth $144,000 after purchasing an additional 256 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Caesars Entertainment by 3.0% in the third quarter. Private Advisor Group LLC now owns 10,850 shares of the company’s stock worth $453,000 after purchasing an additional 317 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Caesars Entertainment by 25.1% in the third quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock worth $84,000 after buying an additional 403 shares in the last quarter. Finally, Fiduciary Family Office LLC boosted its stake in Caesars Entertainment by 1.7% during the third quarter. Fiduciary Family Office LLC now owns 25,215 shares of the company’s stock valued at $1,052,000 after buying an additional 424 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CZR shares. Macquarie reissued an “outperform” rating and set a $50.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, October 30th. Wells Fargo & Company cut their price target on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Stifel Nicolaus upped their target price on shares of Caesars Entertainment from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. JMP Securities decreased their price target on shares of Caesars Entertainment from $59.00 to $57.00 and set a “market outperform” rating for the company in a research note on Monday, November 25th. Finally, StockNews.com raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.86.

Caesars Entertainment Stock Up 1.4 %

Caesars Entertainment stock opened at $39.01 on Tuesday. Caesars Entertainment, Inc. has a twelve month low of $31.74 and a twelve month high of $50.51. The business has a fifty day moving average of $41.43 and a two-hundred day moving average of $38.43. The firm has a market cap of $8.29 billion, a P/E ratio of -23.36 and a beta of 2.96. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter last year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, analysts forecast that Caesars Entertainment, Inc. will post -0.56 earnings per share for the current fiscal year.

Caesars Entertainment Company 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.