Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) Director Blackhurst Janis Jones sold 33,899 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $29.63, for a total value of $1,004,427.37. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Caesars Entertainment Price Performance
Shares of Caesars Entertainment stock opened at $29.73 on Friday. The stock has a market capitalization of $6.06 billion, a P/E ratio of -13.04 and a beta of 1.77. The business has a 50 day simple moving average of $29.87 and a two-hundred day simple moving average of $27.68. Caesars Entertainment, Inc. has a 12 month low of $17.86 and a 12 month high of $30.88. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.85 and a quick ratio of 0.83.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued 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 firm 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 for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.39) earnings per share. As a group, analysts predict that Caesars Entertainment, Inc. will post -0.9 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. Truist Financial cut shares of Caesars Entertainment from a "buy" rating to a "hold" rating and dropped their price objective for the company from $32.00 to $31.00 in a research note on Friday, May 29th. JPMorgan Chase & Co. restated a "neutral" rating and set a $31.00 target price (down from $35.00) on shares of Caesars Entertainment in a report on Friday, May 29th. Raymond James Financial lowered Caesars Entertainment from a "strong-buy" rating to a "market perform" rating in a research report on Friday, May 29th. TD Cowen cut Caesars Entertainment from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a report on Wednesday, July 29th. Finally, Capital One Financial downgraded Caesars Entertainment from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Caesars Entertainment currently has a consensus rating of "Hold" and an average target price of $30.71.
View Our Latest Stock Analysis on CZR
Institutional Investors Weigh In On Caesars Entertainment
Hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its stake in Caesars Entertainment by 47.7% during the first quarter. AQR Capital Management LLC now owns 39,297 shares of the company's stock worth $953,000 after purchasing an additional 12,698 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Caesars Entertainment by 8.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,830 shares of the company's stock valued at $496,000 after purchasing an additional 1,623 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Caesars Entertainment by 106.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,599,273 shares of the company's stock valued at $39,982,000 after buying an additional 826,356 shares during the period. Woodline Partners LP increased its holdings in shares of Caesars Entertainment by 40.7% during the 1st quarter. Woodline Partners LP now owns 17,952 shares of the company's stock worth $449,000 after buying an additional 5,192 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Caesars Entertainment by 0.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 506,585 shares of the company's stock worth $12,665,000 after buying an additional 3,198 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.
Caesars Entertainment Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
