38,599 Shares in Caesars Entertainment, Inc. $CZR Acquired by 1492 Capital Management LLC

1492 Capital Management LLC bought a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 38,599 shares of the company’s stock, valued at approximately $1,020,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CZR. Assenagon Asset Management S.A. raised 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 worth $76,589,000 after acquiring an additional 2,490,924 shares in the last quarter. Capital World Investors boosted its position in Caesars Entertainment by 29.8% during the third quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock valued at $437,622,000 after purchasing an additional 3,716,148 shares in the last quarter. SG Americas Securities LLC grew its stake in Caesars Entertainment by 61.9% in the fourth quarter. SG Americas Securities LLC now owns 1,097,763 shares of the company’s stock valued at $25,677,000 after purchasing an additional 419,617 shares during the last quarter. HighVista Strategies LLC bought a new position in Caesars Entertainment in the third quarter worth about $1,162,000. Finally, Aquatic Capital Management LLC raised its holdings in Caesars Entertainment by 710.0% in the third quarter. Aquatic Capital Management LLC now owns 571,631 shares of the company’s stock worth $15,448,000 after purchasing an additional 501,055 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

CZR opened at $30.19 on Friday. Caesars Entertainment, Inc. has a 52-week low of $17.86 and a 52-week 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 market cap of $6.15 billion, a P/E ratio of -12.74 and a beta of 1.77. The firm’s 50-day moving average price is $28.45 and its 200-day moving average price is $25.64.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, April 28th. The company reported ($0.48) EPS 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 analyst estimates of $2.85 billion. Caesars Entertainment had a negative return on equity of 7.88% and a negative net margin of 4.19%.The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.54) earnings per share. As a group, equities analysts anticipate that Caesars Entertainment, Inc. will post -0.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CZR. Weiss Ratings restated a “sell (d-)” rating on shares of Caesars Entertainment in a report on Monday, May 18th. Jefferies Financial Group increased their target price on shares of Caesars Entertainment from $24.00 to $26.00 and gave the company a “hold” rating in a research report on Monday, April 6th. Raymond James Financial downgraded shares of Caesars Entertainment from a “strong-buy” rating to a “market perform” rating in a research note on Friday, May 29th. Wall Street Zen raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Citigroup upped their price target on Caesars Entertainment from $23.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $32.53.

Insiders Place Their Bets

In other news, Director Michael E. Pegram sold 55,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $29.20, for a total transaction of $1,606,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Edmund L. Quatmann, Jr. sold 81,566 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $29.35, for a total value of $2,393,962.10. Following the completion of the transaction, the insider directly owned 18,263 shares in the company, valued at approximately $536,019.05. The trade was a 81.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 293,463 shares of company stock valued at $8,609,241. Corporate insiders own 1.18% of the company’s stock.

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.