Mason Street Advisors LLC purchased a new position in Caesars Entertainment Co. (NASDAQ:CZR) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 310,033 shares of the company’s stock, valued at approximately $2,694,000.
Other hedge funds have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Caesars Entertainment in the 1st quarter valued at about $893,000. Quinn Opportunity Partners LLC lifted its holdings in shares of Caesars Entertainment by 22.2% in the 1st quarter. Quinn Opportunity Partners LLC now owns 110,000 shares of the company’s stock valued at $956,000 after acquiring an additional 20,000 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of Caesars Entertainment in the 1st quarter valued at about $4,189,000. Raymond James & Associates lifted its holdings in shares of Caesars Entertainment by 178.0% in the 1st quarter. Raymond James & Associates now owns 268,903 shares of the company’s stock valued at $2,337,000 after acquiring an additional 172,161 shares during the last quarter. Finally, American International Group Inc. lifted its holdings in shares of Caesars Entertainment by 11,085.3% in the 1st quarter. American International Group Inc. now owns 1,162,711 shares of the company’s stock valued at $10,104,000 after acquiring an additional 1,152,316 shares during the last quarter.
A number of research analysts recently commented on CZR shares. ValuEngine raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Zacks Investment Research lowered shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research report on Friday, March 1st. Deutsche Bank reissued a “buy” rating and issued a $11.00 price objective on shares of Caesars Entertainment in a research report on Monday, February 25th. BidaskClub lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Finally, UBS Group increased their price objective on shares of Caesars Entertainment from $7.00 to $9.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.06.
Caesars Entertainment stock opened at $9.11 on Wednesday. The company has a debt-to-equity ratio of 6.02, a quick ratio of 1.10 and a current ratio of 1.12. Caesars Entertainment Co. has a 1-year low of $5.84 and a 1-year high of $12.95. The stock has a market capitalization of $6.07 billion, a P/E ratio of -47.95 and a beta of 1.21.
Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.32) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.13). Caesars Entertainment had a negative return on equity of 9.84% and a net margin of 1.41%. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same period last year, the company earned ($0.05) earnings per share. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. Sell-side analysts expect that Caesars Entertainment Co. will post -0.39 EPS for the current fiscal year.
Caesars Entertainment Company Profile
Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.
Featured Article: What is insider trading?
Want to see what other hedge funds are holding CZR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caesars Entertainment Co. (NASDAQ:CZR).
Receive News & Ratings for Caesars Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caesars Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.