Dana Investment Advisors Inc. Boosts Position in Caesars Entertainment, Inc. $CZR

Dana Investment Advisors Inc. raised its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 30.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 198,292 shares of the company’s stock after acquiring an additional 45,936 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Caesars Entertainment were worth $5,359,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. increased its position in shares of Caesars Entertainment by 110.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 510 shares during the last quarter. Mather Group LLC. bought a new stake in Caesars Entertainment during the third quarter valued at approximately $28,000. Salomon & Ludwin LLC purchased a new stake in Caesars Entertainment during the third quarter valued at approximately $41,000. Zions Bancorporation National Association UT increased its holdings in Caesars Entertainment by 5,384.4% during the third quarter. Zions Bancorporation National Association UT now owns 1,755 shares of the company’s stock valued at $47,000 after buying an additional 1,723 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in Caesars Entertainment in the third quarter worth approximately $49,000. 91.79% of the stock is currently owned by institutional investors.

Caesars Entertainment Price Performance

NASDAQ:CZR opened at $20.34 on Wednesday. The business’s 50-day simple moving average is $22.53 and its two-hundred day simple moving average is $23.28. Caesars Entertainment, Inc. has a 52 week low of $17.86 and a 52 week high of $36.26. The stock has a market cap of $4.14 billion, a PE ratio of -8.37, a P/E/G ratio of 78.25 and a beta of 2.03. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 3.17.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, February 17th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($1.05). The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 EPS. As a group, analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CZR has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Caesars Entertainment in a research report on Wednesday, January 21st. JPMorgan Chase & Co. cut their price target on Caesars Entertainment from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Macquarie Infrastructure decreased their price objective on Caesars Entertainment from $40.00 to $33.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. TD Cowen reaffirmed a “buy” rating on shares of Caesars Entertainment in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group lowered shares of Caesars Entertainment from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $22.00 in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Caesars Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $33.35.

About Caesars Entertainment

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.