Raymond James Financial Services Advisors Inc. Raises Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Raymond James Financial Services Advisors Inc. lifted its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 208.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,076 shares of the company’s stock after acquiring an additional 5,454 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Caesars Entertainment were worth $907,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CZR. Global Retirement Partners LLC increased its holdings in Caesars Entertainment by 93.5% during the third quarter. Global Retirement Partners LLC now owns 300 shares of the company’s stock valued at $34,000 after buying an additional 145 shares during the period. Selective Wealth Management Inc. purchased a new position in Caesars Entertainment during the third quarter valued at approximately $34,000. Berman Capital Advisors LLC increased its holdings in Caesars Entertainment by 107.0% during the second quarter. Berman Capital Advisors LLC now owns 416 shares of the company’s stock valued at $43,000 after buying an additional 215 shares during the period. Systematic Alpha Investments LLC purchased a new position in Caesars Entertainment during the second quarter valued at approximately $127,000. Finally, Picton Mahoney Asset Management purchased a new position in Caesars Entertainment during the second quarter valued at approximately $176,000. 93.66% of the stock is currently owned by institutional investors and hedge funds.

CZR has been the topic of several research reports. B. Riley initiated coverage on shares of Caesars Entertainment in a report on Friday, November 12th. They set a “buy” rating and a $191.00 price objective on the stock. KeyCorp lifted their price target on shares of Caesars Entertainment from $125.00 to $127.00 and gave the stock an “overweight” rating in a report on Wednesday, October 6th. Truist Securities cut their price target on shares of Caesars Entertainment from $140.00 to $110.00 in a report on Thursday. TheStreet lowered shares of Caesars Entertainment from a “c-” rating to a “d+” rating in a report on Wednesday, December 15th. Finally, Citigroup initiated coverage on shares of Caesars Entertainment in a report on Tuesday, December 7th. They issued a “buy” rating and a $150.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $126.94.

NASDAQ CZR opened at $82.84 on Friday. The company has a market capitalization of $17.71 billion, a PE ratio of -17.63 and a beta of 2.92. The company has a fifty day moving average of $92.40 and a 200 day moving average of $98.72. Caesars Entertainment, Inc. has a 1 year low of $66.34 and a 1 year high of $119.81. The company has a debt-to-equity ratio of 5.42, a current ratio of 1.19 and a quick ratio of 1.18.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, November 2nd. The company reported ($1.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($1.16). The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.66 billion. Caesars Entertainment had a negative net margin of 13.60% and a negative return on equity of 21.28%. During the same quarter in the prior year, the firm earned ($6.09) earnings per share. Research analysts expect that Caesars Entertainment, Inc. will post -3.29 earnings per share for the current year.

In other Caesars Entertainment news, insider Edmund L. Quatmann, Jr. sold 5,279 shares of the company’s stock in a transaction dated Tuesday, January 4th. The shares were sold at an average price of $89.60, for a total value of $472,998.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.55% of the company’s stock.

Caesars Entertainment Company Profile

Caesars Holdings, Inc is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.

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Institutional Ownership by Quarter for Caesars Entertainment (NASDAQ:CZR)

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