Quantinno Capital Management LP Purchases 28,952 Shares of Caesars Entertainment, Inc. $CZR

Quantinno Capital Management LP lifted its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 9.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 342,001 shares of the company’s stock after purchasing an additional 28,952 shares during the quarter. Quantinno Capital Management LP’s holdings in Caesars Entertainment were worth $9,039,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its holdings in shares of Caesars Entertainment by 456.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock valued at $26,000 after buying an additional 918 shares during the last quarter. Sunbelt Securities Inc. lifted its position 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 acquiring an additional 672 shares in the last quarter. Hantz Financial Services Inc. increased its holdings 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 in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of Caesars Entertainment in the fourth quarter worth approximately $55,000. Finally, Global Retirement Partners LLC raised its stake in shares of Caesars Entertainment by 159.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,809 shares of the company’s stock worth $66,000 after purchasing an additional 1,726 shares during the last quarter. 91.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CZR. Citigroup lifted their target price on Caesars Entertainment from $23.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Texas Capital lowered shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Citizens Jmp raised their price target on shares of Caesars Entertainment from $34.00 to $35.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 29th. Raymond James Financial lowered shares of Caesars Entertainment from a “strong-buy” rating to a “market perform” rating in a research note on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $31.00 price target (down from $35.00) on shares of Caesars Entertainment in a research report on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Caesars Entertainment presently has a consensus rating of “Hold” and an average target price of $30.71.

Caesars Entertainment Stock Up 1.3%

Caesars Entertainment stock opened at $30.12 on Wednesday. Caesars Entertainment, Inc. has a twelve month low of $17.86 and a twelve month high of $30.88. The firm has a 50 day moving average price of $29.69 and a 200-day moving average price of $26.76. The company has a market capitalization of $6.14 billion, a P/E ratio of -13.21 and a beta of 1.77. 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 analysts’ consensus estimates of $0.05 by ($0.35). Caesars Entertainment had a negative return on equity of 7.64% and a negative net margin of 3.99%.The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the firm posted ($0.39) EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities analysts predict that Caesars Entertainment, Inc. will post -0.81 EPS for the current year.

Insider Buying and Selling at Caesars Entertainment

In related news, Director Michael E. Pegram sold 55,000 shares of Caesars Entertainment stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $29.20, for a total value of $1,606,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edmund L. Quatmann, Jr. sold 81,566 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $29.35, for a total value of $2,393,962.10. Following the completion of the sale, the insider owned 18,263 shares in the company, valued at $536,019.05. This represents a 81.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 293,463 shares of company stock valued at $8,609,241 in the last quarter. 1.18% of the stock is owned by corporate insiders.

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.