Jupiter Topco LLC Buys Shares of 90,412 Caesars Entertainment, Inc. $CZR

Jupiter Topco LLC bought a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 90,412 shares of the company’s stock, valued at approximately $2,730,000.

A number of other institutional investors have also recently made changes to their positions in CZR. Allworth Financial LP purchased a new stake in shares of Caesars Entertainment during the second quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in Caesars Entertainment by 456.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock valued at $26,000 after purchasing an additional 918 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in Caesars Entertainment by 181.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after purchasing an additional 672 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Caesars Entertainment by 87.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,817 shares of the company’s stock worth $42,000 after purchasing an additional 846 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Caesars Entertainment by 59.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,882 shares of the company’s stock worth $50,000 after buying an additional 702 shares in the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CMO Josh Jones sold 59,507 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $29.72, for a total value of $1,768,548.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Blackhurst Janis L. Jones sold 33,899 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $29.63, for a total transaction of $1,004,427.37. The disclosure for this sale is available in the SEC filing. Insiders sold 540,003 shares of company stock valued at $15,941,145 in the last quarter. Insiders own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CZR. Susquehanna upgraded shares of Caesars Entertainment from a “positive” rating to a “positive” rating in a research report on Friday, May 29th. Zacks Research lowered shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, August 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Caesars Entertainment in a research note on Thursday, August 13th. TD Cowen downgraded shares of Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $31.00 target price (down from $35.00) on shares of Caesars Entertainment in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Caesars Entertainment presently has an average rating of “Hold” and an average price target of $30.71.

Caesars Entertainment Stock Up 0.1%

Shares of CZR opened at $29.69 on Thursday. Caesars Entertainment, Inc. has a 52-week low of $17.86 and a 52-week high of $30.88. The company has a market capitalization of $6.05 billion, a PE ratio of -13.02 and a beta of 1.75. The stock has a fifty day simple moving average of $29.89 and a two-hundred day simple moving average of $27.93. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.70.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, July 28th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.35). The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Caesars Entertainment had a negative return on equity of 7.64% and a negative net margin of 3.99%.The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.39) EPS. As a group, equities analysts forecast that Caesars Entertainment, Inc. will post -0.9 EPS for the current year.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.