Caesars Entertainment, Inc. $CZR Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 5.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,529,700 shares of the company’s stock after buying an additional 355,760 shares during the period. Janus Henderson Group PLC’s holdings in Caesars Entertainment were worth $172,582,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CZR. Ruffer LLP bought a new position in Caesars Entertainment during the 4th quarter worth about $2,820,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Caesars Entertainment by 246,899,900.0% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,938,000 shares of the company’s stock worth $115,500,000 after purchasing an additional 4,937,998 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in Caesars Entertainment during the fourth quarter valued at $65,492,000. 1492 Capital Management LLC acquired a new stake in Caesars Entertainment during the first quarter worth about $1,020,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Caesars Entertainment in the 1st quarter valued at $2,392,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Susquehanna raised Caesars Entertainment from a “positive” rating to a “positive” rating in a report on Friday, May 29th. Raymond James Financial cut Caesars Entertainment from a “strong-buy” rating to a “market perform” rating in a report on Friday, May 29th. Jefferies Financial Group upped their price objective on shares of Caesars Entertainment from $24.00 to $26.00 and gave the company a “hold” rating in a report on Monday, April 6th. Zacks Research upgraded Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. Finally, Citigroup increased their price objective on shares of Caesars Entertainment from $23.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Two equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Caesars Entertainment has a consensus rating of “Hold” and a consensus target price of $30.71.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $29.61 on Friday. The stock has a market cap of $6.03 billion, a P/E ratio of -12.99 and a beta of 1.76. The stock has a 50 day moving average of $29.61 and a two-hundred day moving average of $26.65. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 3.70. Caesars Entertainment, Inc. has a twelve month low of $17.86 and a twelve month high of $30.88.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, July 28th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.35). The company had revenue of $2.99 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.39) earnings per share. On average, research analysts forecast that Caesars Entertainment, Inc. will post -0.49 earnings per share for the current year.

Insider Transactions at Caesars Entertainment

In other news, insider Edmund L. Quatmann, Jr. sold 81,566 shares of Caesars Entertainment stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $29.35, for a total transaction of $2,393,962.10. Following the completion of the transaction, the insider owned 18,263 shares of the company’s stock, valued at $536,019.05. The trade was a 81.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael E. Pegram sold 16,897 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $29.46, for a total value of $497,785.62. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 293,463 shares of company stock worth $8,609,241. 1.18% of the stock is owned by insiders.

Caesars Entertainment 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.