Capital World Investors Has $363.69 Million Stock Position in Caesars Entertainment, Inc. $CZR

Capital World Investors cut its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,548,985 shares of the company’s stock after selling 644,085 shares during the quarter. Capital World Investors owned approximately 7.62% of Caesars Entertainment worth $363,693,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CZR. Hantz Financial Services Inc. boosted its holdings in Caesars Entertainment by 110.6% during the third quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 510 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in Caesars Entertainment by 181.6% during the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock worth $28,000 after purchasing an additional 672 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in Caesars Entertainment by 44.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock worth $37,000 after purchasing an additional 488 shares during the last quarter. Stance Capital LLC purchased a new position in Caesars Entertainment during the third quarter worth about $43,000. Finally, Zions Bancorporation National Association UT boosted 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 worth $47,000 after purchasing an additional 1,723 shares during the last quarter. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Caesars Entertainment news, Director Michael E. Pegram sold 55,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $29.20, for a total value of $1,606,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.18% of the stock is currently owned by insiders.

Caesars Entertainment Stock Up 0.4%

CZR opened at $29.32 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.25. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of -12.37 and a beta of 1.77. Caesars Entertainment, Inc. has a twelve month low of $17.86 and a twelve month high of $31.58. The company’s 50-day moving average price is $27.61 and its two-hundred day moving average price is $24.94.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, April 28th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.54) earnings per share. As a group, equities analysts expect that Caesars Entertainment, Inc. will post -0.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CZR shares. Wall Street Zen upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Morgan Stanley boosted their price target on shares of Caesars Entertainment from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Raymond James Financial cut shares of Caesars Entertainment from a “strong-buy” rating to a “market perform” rating in a report on Friday, May 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Caesars Entertainment in a report on Monday, May 18th. Finally, Citizens Jmp boosted their price target on shares of Caesars Entertainment from $34.00 to $35.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 29th. Five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $32.80.

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.