Larson Financial Group LLC Sells 1,070 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Larson Financial Group LLC reduced its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 29,534 shares of the company’s stock after selling 1,070 shares during the period. Larson Financial Group LLC’s holdings in Caesars Entertainment were worth $1,385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Caesars Entertainment by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 23,411,856 shares of the company’s stock worth $1,085,140,000 after acquiring an additional 129,541 shares during the last quarter. Invesco Ltd. raised its position in Caesars Entertainment by 8.7% during the 3rd quarter. Invesco Ltd. now owns 3,657,416 shares of the company’s stock valued at $169,521,000 after purchasing an additional 293,078 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Caesars Entertainment by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,052,738 shares of the company’s stock valued at $95,144,000 after purchasing an additional 77,595 shares in the last quarter. Northern Trust Corp raised its position in Caesars Entertainment by 3.9% during the 3rd quarter. Northern Trust Corp now owns 1,934,704 shares of the company’s stock valued at $89,674,000 after purchasing an additional 72,008 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Caesars Entertainment by 37.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,433,641 shares of the company’s stock valued at $67,209,000 after purchasing an additional 387,391 shares in the last quarter. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Stock Up 2.1 %

CZR stock traded up $0.80 on Tuesday, hitting $39.22. 893,946 shares of the company’s stock were exchanged, compared to its average volume of 3,143,548. Caesars Entertainment, Inc. has a 12-month low of $37.71 and a 12-month high of $60.27. The firm has a 50 day moving average price of $41.63 and a two-hundred day moving average price of $43.55. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.74 and a current ratio of 0.76. The stock has a market cap of $8.48 billion, a P/E ratio of 10.77 and a beta of 2.81.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter last year, the firm earned ($0.11) earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. As a group, equities research analysts expect that Caesars Entertainment, Inc. will post 1.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com lowered Caesars Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. Truist Financial decreased their target price on Caesars Entertainment from $62.00 to $58.00 and set a “buy” rating for the company in a research report on Tuesday. Wells Fargo & Company decreased their target price on Caesars Entertainment from $72.00 to $68.00 and set an “overweight” rating for the company in a research report on Wednesday, February 21st. JMP Securities decreased their target price on Caesars Entertainment from $65.00 to $62.00 and set a “market outperform” rating for the company in a research report on Friday. Finally, Stifel Nicolaus cut their price target on Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, January 18th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.36.

Insider Buying and Selling

In other Caesars Entertainment news, Director Michael E. Pegram bought 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average cost of $41.45 per share, for a total transaction of $621,750.00. Following the purchase, the director now directly owns 4,612 shares in the company, valued at $191,167.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.64% of the stock is owned by company insiders.

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.