Wolverine Asset Management LLC Boosts Stock Holdings in Caesars Entertainment, Inc. $CZR

Wolverine Asset Management LLC increased its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 10.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 109,374 shares of the company’s stock after purchasing an additional 10,682 shares during the period. Wolverine Asset Management LLC’s holdings in Caesars Entertainment were worth $3,105,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC raised its holdings in Caesars Entertainment by 508.5% during the second quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock worth $25,000 after purchasing an additional 722 shares in the last quarter. Mather Group LLC. raised its holdings in Caesars Entertainment by 64.4% during the first quarter. Mather Group LLC. now owns 1,034 shares of the company’s stock worth $26,000 after purchasing an additional 405 shares in the last quarter. UMB Bank n.a. raised its holdings in Caesars Entertainment by 52.0% during the second quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock worth $30,000 after purchasing an additional 359 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Caesars Entertainment by 168.5% during the second quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company’s stock worth $32,000 after purchasing an additional 711 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Caesars Entertainment by 69.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company’s stock valued at $33,000 after buying an additional 478 shares in the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

Caesars Entertainment Trading Up 7.8%

Shares of CZR opened at $20.10 on Friday. The company has a debt-to-equity ratio of 6.23, a current ratio of 0.78 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $24.63 and a 200-day simple moving average of $26.61. Caesars Entertainment, Inc. has a 1-year low of $18.25 and a 1-year high of $41.77. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of -17.48 and a beta of 2.38.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, October 28th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). Caesars Entertainment had a negative return on equity of 5.76% and a negative net margin of 2.12%.The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same period last year, the business earned ($0.04) earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. Equities analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Macquarie dropped their target price on shares of Caesars Entertainment from $40.00 to $33.00 and set an “outperform” rating for the company in a report on Wednesday. Stifel Nicolaus dropped their target price on shares of Caesars Entertainment from $43.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday. The Goldman Sachs Group dropped their target price on shares of Caesars Entertainment from $29.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday. Zacks Research cut shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Caesars Entertainment from $43.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.06.

Caesars Entertainment 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.