Jefferies Financial Group Inc. Purchases 609,303 Shares of Caesars Entertainment, Inc. $CZR

Jefferies Financial Group Inc. grew its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 1,656.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 646,084 shares of the company’s stock after acquiring an additional 609,303 shares during the period. Jefferies Financial Group Inc. owned about 0.32% of Caesars Entertainment worth $15,112,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Capital World Investors grew its position in shares of Caesars Entertainment by 29.8% in the 3rd quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock valued at $437,622,000 after acquiring an additional 3,716,148 shares during the period. State Street Corp grew its position in shares of Caesars Entertainment by 0.8% in the 2nd quarter. State Street Corp now owns 7,569,822 shares of the company’s stock valued at $214,907,000 after acquiring an additional 61,065 shares during the period. DAVENPORT & Co LLC grew its position in shares of Caesars Entertainment by 0.4% in the 4th quarter. DAVENPORT & Co LLC now owns 4,339,172 shares of the company’s stock valued at $101,797,000 after acquiring an additional 18,414 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Caesars Entertainment by 317.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,274,430 shares of the company’s stock valued at $76,589,000 after acquiring an additional 2,490,924 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Caesars Entertainment by 35,370.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,464,518 shares of the company’s stock valued at $57,645,000 after acquiring an additional 2,457,570 shares during the period. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock opened at $28.47 on Monday. Caesars Entertainment, Inc. has a twelve month low of $17.86 and a twelve month high of $31.58. 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 company has a 50-day simple moving average of $27.21 and a two-hundred day simple moving average of $24.24. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of -12.01 and a beta of 1.77.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, April 28th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.24). Caesars Entertainment had a negative return on equity of 7.88% and a negative net margin of 4.19%.The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the firm earned ($0.54) EPS. Caesars Entertainment’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts forecast that Caesars Entertainment, Inc. will post -0.36 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on CZR shares. Stifel Nicolaus cut their target price on shares of Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Wells Fargo & Company raised their target price on shares of Caesars Entertainment from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Barclays cut their target price on shares of Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Morgan Stanley raised their target price on shares of Caesars Entertainment from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Caesars Entertainment in a research note on Monday, May 18th. Nine investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Caesars Entertainment has an average rating of “Hold” and an average price target of $33.27.

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.