Zurcher Kantonalbank Zurich Cantonalbank Sells 6,507 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 14.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,096 shares of the company’s stock after selling 6,507 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Caesars Entertainment were worth $1,590,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. EdgePoint Investment Group Inc. grew its position in Caesars Entertainment by 1.0% during the second quarter. EdgePoint Investment Group Inc. now owns 5,859,251 shares of the company’s stock worth $232,847,000 after buying an additional 60,184 shares in the last quarter. Helikon Investments Ltd grew its position in Caesars Entertainment by 67.1% during the third quarter. Helikon Investments Ltd now owns 1,587,547 shares of the company’s stock worth $66,264,000 after buying an additional 637,303 shares in the last quarter. Principal Financial Group Inc. grew its position in Caesars Entertainment by 4.2% during the third quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company’s stock worth $60,712,000 after buying an additional 59,170 shares in the last quarter. SG Americas Securities LLC grew its position in Caesars Entertainment by 6,568.4% during the third quarter. SG Americas Securities LLC now owns 1,439,911 shares of the company’s stock worth $60,102,000 after buying an additional 1,418,318 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Caesars Entertainment by 11.9% during the second quarter. Bank of New York Mellon Corp now owns 1,374,990 shares of the company’s stock worth $54,642,000 after buying an additional 146,310 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CZR shares. StockNews.com raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Morgan Stanley increased their price target on Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company reduced their target price on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. JMP Securities reduced their target price on Caesars Entertainment from $59.00 to $57.00 and set a “market outperform” rating on the stock in a report on Monday, November 25th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Caesars Entertainment in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.86.

Caesars Entertainment Trading Up 1.2 %

NASDAQ CZR opened at $38.63 on Thursday. 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, Inc. has a twelve month low of $31.74 and a twelve month high of $50.51. The company has a market cap of $8.21 billion, a price-to-earnings ratio of -23.13 and a beta of 2.89. The business’s fifty day moving average is $41.33 and its 200 day moving average is $38.47.

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

About Caesars Entertainment

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.