Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC decreased its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 0.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 334,101 shares of the company’s stock after selling 2,647 shares during the period. Calamos Advisors LLC’s holdings in Caesars Entertainment were worth $15,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wright Investors Service Inc. acquired a new stake in shares of Caesars Entertainment during the 4th quarter worth approximately $449,000. Daiwa Securities Group Inc. grew its stake in Caesars Entertainment by 6.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 19,067 shares of the company’s stock valued at $894,000 after acquiring an additional 1,197 shares during the period. Strs Ohio grew its stake in Caesars Entertainment by 33.2% in the 4th quarter. Strs Ohio now owns 676,706 shares of the company’s stock valued at $31,723,000 after acquiring an additional 168,738 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Caesars Entertainment in the 4th quarter valued at $609,000. Finally, WCM Investment Management LLC grew its stake in Caesars Entertainment by 9.3% in the 4th quarter. WCM Investment Management LLC now owns 334,335 shares of the company’s stock valued at $15,988,000 after acquiring an additional 28,554 shares during the period. Institutional investors and hedge funds own 91.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Barclays dropped their price target on shares of Caesars Entertainment from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 21st. JPMorgan Chase & Co. dropped their price target on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 9th. Morgan Stanley lifted their price target on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. JMP Securities lowered their target price on shares of Caesars Entertainment from $65.00 to $62.00 and set a “market outperform” rating on the stock in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating for the company in a report on Friday, April 12th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.91.

Insider Buying and Selling at Caesars Entertainment

In related news, Director Michael E. Pegram bought 15,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average price of $41.45 per share, with a total value of $621,750.00. Following the completion of the transaction, the director now directly owns 4,612 shares of the company’s stock, valued at approximately $191,167.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

Caesars Entertainment Trading Up 0.6 %

Shares of CZR stock traded up $0.24 on Friday, hitting $38.22. 419,909 shares of the stock traded hands, compared to its average volume of 3,125,530. The firm’s 50-day moving average price is $41.88 and its two-hundred day moving average price is $43.66. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.74 and a current ratio of 0.76. The stock has a market capitalization of $8.27 billion, a PE ratio of 10.46 and a beta of 2.81. Caesars Entertainment, Inc. has a twelve month low of $37.81 and a twelve month high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period in the previous year, the company earned ($0.11) EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. As a group, analysts anticipate that Caesars Entertainment, Inc. will post 1.07 EPS for the current year.

Caesars Entertainment Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.