Counterpoint Mutual Funds LLC Invests $562,000 in Caesars Entertainment, Inc. $CZR

Counterpoint Mutual Funds LLC acquired a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 21,276 shares of the company’s stock, valued at approximately $562,000.

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its stake in Caesars Entertainment by 456.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock worth $26,000 after buying an additional 918 shares during the last quarter. Sunbelt Securities Inc. boosted its position in Caesars Entertainment by 181.6% during the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after acquiring an additional 672 shares during the last quarter. CoreCap Advisors LLC boosted its position in Caesars Entertainment by 44.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock valued at $37,000 after acquiring an additional 488 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Caesars Entertainment by 87.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,817 shares of the company’s stock worth $42,000 after acquiring an additional 846 shares during the period. Finally, Stance Capital LLC bought a new position in shares of Caesars Entertainment in the 3rd quarter worth about $43,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CZR has been the topic of a number of recent analyst reports. Texas Capital downgraded Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Citigroup raised their target price on Caesars Entertainment from $23.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $31.00 target price (down from $35.00) on shares of Caesars Entertainment in a report on Friday, May 29th. Zacks Research lowered Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Finally, Truist Financial cut Caesars Entertainment from a “buy” rating to a “hold” rating and cut their price target for the stock from $32.00 to $31.00 in a report on Friday, May 29th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.53.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $30.39 on Friday. The firm has a market capitalization of $6.19 billion, a P/E ratio of -12.82 and a beta of 1.76. The firm’s 50-day moving average price is $28.72 and its 200-day moving average price is $25.86. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 3.25. Caesars Entertainment, Inc. has a 1-year low of $17.86 and a 1-year high of $31.58.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, April 28th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.24). Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the prior year, the business earned ($0.54) earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts anticipate that Caesars Entertainment, Inc. will post -0.49 earnings per share for the current fiscal year.

Insider Activity at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram sold 55,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $29.20, for a total value of $1,606,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Edmund L. Quatmann, Jr. sold 81,566 shares of the firm’s stock in a transaction that occurred 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 sale, the insider directly owned 18,263 shares of the company’s stock, valued at $536,019.05. This trade represents a 81.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 293,463 shares of company stock worth $8,609,241. Corporate insiders own 1.18% of the company’s stock.

Caesars Entertainment 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.