23,106 Shares in Caesars Entertainment, Inc. $CZR Bought by Leonteq Securities AG

Leonteq Securities AG bought a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,106 shares of the company’s stock, valued at approximately $611,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its position in Caesars Entertainment by 317.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,274,430 shares of the company’s stock worth $76,589,000 after purchasing an additional 2,490,924 shares during the period. Capital World Investors grew its holdings 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 during the last quarter. SG Americas Securities LLC raised its position in shares of 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 period. HighVista Strategies LLC bought a new position in shares of Caesars Entertainment in the third quarter valued at approximately $1,162,000. Finally, Aquatic Capital Management LLC lifted its stake in shares of 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 buying an additional 501,055 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CZR. Stifel Nicolaus downgraded shares of Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a report on Monday, June 15th. Texas Capital downgraded shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Morgan Stanley boosted 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 report on Wednesday, April 8th. Truist Financial cut shares of Caesars Entertainment from a “buy” rating to a “hold” rating and decreased their price target for the company from $32.00 to $31.00 in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $31.00 price target (down from $35.00) on shares of Caesars Entertainment in a research report on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Caesars Entertainment presently has a consensus rating of “Hold” and a consensus price target of $32.53.

Caesars Entertainment Stock Performance

Shares of CZR stock opened at $30.39 on Friday. Caesars Entertainment, Inc. has a 1 year low of $17.86 and a 1 year high of $31.58. The firm’s fifty day simple moving average is $28.72 and its 200 day simple moving average is $25.86. The firm has a market capitalization of $6.19 billion, a P/E ratio of -12.82 and a beta of 1.76. 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 (NASDAQ:CZR) last issued its quarterly 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 the consensus estimate of $2.85 billion. Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. Caesars Entertainment’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company earned ($0.54) earnings per share. As a group, sell-side analysts predict that Caesars Entertainment, Inc. will post -0.49 EPS for the current year.

Insider Transactions at Caesars Entertainment

In related news, insider Edmund L. Quatmann, Jr. sold 81,566 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $29.35, for a total transaction of $2,393,962.10. Following the transaction, the insider directly owned 18,263 shares in the company, valued at $536,019.05. The trade was a 81.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael E. Pegram sold 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $29.20, for a total value of $1,606,000.00. The SEC filing for this sale provides additional information. Insiders have sold 293,463 shares of company stock valued at $8,609,241 in the last ninety days. 1.18% of the stock is owned by company insiders.

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.