The Manufacturers Life Insurance Company increased its position in Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating ) by 11.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 166,000 shares of the company’s stock after purchasing an additional 16,666 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of Caesars Entertainment worth $5,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other major investors have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Caesars Entertainment by 6.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,298 shares of the company’s stock worth $797,000 after acquiring an additional 666 shares during the period. American Century Companies Inc. increased its holdings in shares of Caesars Entertainment by 10.8% in the first quarter. American Century Companies Inc. now owns 9,416 shares of the company’s stock worth $728,000 after acquiring an additional 914 shares during the period. Cetera Advisor Networks LLC bought a new position in shares of Caesars Entertainment in the first quarter worth $268,000. PNC Financial Services Group Inc. increased its holdings in shares of Caesars Entertainment by 32.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,526 shares of the company’s stock valued at $351,000 after acquiring an additional 1,119 shares during the period. Finally, Panagora Asset Management Inc. increased its holdings in shares of Caesars Entertainment by 2.4% in the first quarter. Panagora Asset Management Inc. now owns 9,874 shares of the company’s stock worth $764,000 after acquiring an additional 236 shares during the period. 93.88% of the shares belong to hedge funds and other institutional businesses.
Analyst Ratings Change
CZR has been the subject of several analyst reports. Stifel Nicolaus raised their price objective on Caesars Entertainment from $66.66 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, January 24th. Susquehanna dropped their price target on Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating. company rating in a research note on Monday, October 3. Barclays lifted their price target on Caesars Entertainment from $65.00 to $66.00 and gave the company an “overweight” rating in a research report on Tuesday, January 24. Truist Financial lowered their price target on 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, Bank of America reduced their price target on Caesars Entertainment from $55.00 to $50.00. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $68.21.
Insider Buying and Selling
In related news, Director Michael E. Pegram purchased 25,000 shares of Caesars Entertainment stock in a transaction dated Friday, November 4th. The shares were acquired at an average price of $44.74 per share, with a value of $1,118,500.00. Following the completion of the transaction, the director now owns 96,697 shares in the company, which is valued at $433,000.00. The purchase was disclosed in a filing with the SEC, which can be found through this link. 0.50% of the shares are currently owned by company insiders.
Caesars Entertainment Stock Down 3.4%
CYR opened at $55.00 on Tuesday. The firm has a 50-day moving average of $47.29 and a 200-day moving average of $44.81. Caesars Entertainment, Inc. it has a 52 week low of $31.31 and a 52 week high of $89.80. The company has a market capitalization of 10.86 billion, a PE ratio of -9.14 and a beta of 2.83. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 6.53.
Caesars Entertainment (NASDAQ: CZR – Get Rating ) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. Caesars Entertainment had a negative net income of 11.18% and a negative return on equity of 15.21%. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.84 billion. Analysts estimate that Caesars Entertainment, Inc. will post -1.72 earnings per share for the current fiscal year.
Caesar Entertainment Profile
Caesars Holdings, Inc is a holding company, engaged in the provision of casino-entertainment and hospitality services. It works through the following categories: Las Vegas, Other US, and All Other. The All Other segment includes properties and external properties as well as other businesses, such as Caesars Interactive Entertainment.
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