Caesars Entertainment, Inc. $CZR Shares Sold by Soros Capital Management LLC

Soros Capital Management LLC lowered its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 7.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,299 shares of the company’s stock after selling 7,921 shares during the quarter. Soros Capital Management LLC owned 0.05% of Caesars Entertainment worth $2,607,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. boosted its holdings in Caesars Entertainment by 64.4% in the first quarter. Mather Group LLC. now owns 1,034 shares of the company’s stock valued at $26,000 after acquiring an additional 405 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Caesars Entertainment by 97.8% during the first quarter. Allworth Financial LP now owns 1,339 shares of the company’s stock worth $36,000 after purchasing an additional 662 shares in the last quarter. Bogart Wealth LLC lifted its stake in shares of Caesars Entertainment by 82.8% during the first quarter. Bogart Wealth LLC now owns 1,545 shares of the company’s stock worth $39,000 after purchasing an additional 700 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its stake in shares of Caesars Entertainment by 35.8% during the first quarter. Resona Asset Management Co. Ltd. now owns 1,809 shares of the company’s stock worth $46,000 after purchasing an additional 477 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Caesars Entertainment by 100.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company’s stock worth $53,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Stock Up 7.0%

Shares of Caesars Entertainment stock opened at $26.75 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 6.08. The business’s 50 day simple moving average is $27.84 and its 200-day simple moving average is $28.47. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of -29.08 and a beta of 2.40. Caesars Entertainment, Inc. has a twelve month low of $21.40 and a twelve month high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, July 29th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.46). Caesars Entertainment had a negative return on equity of 4.55% and a negative net margin of 1.71%.The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the previous year, the company posted ($0.56) earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Analysts Set New Price Targets

CZR has been the topic of several recent analyst reports. JMP Securities cut their price target on Caesars Entertainment from $45.00 to $43.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 30th. Citigroup reiterated a “market outperform” rating on shares of Caesars Entertainment in a research note on Friday, July 18th. JPMorgan Chase & Co. boosted their price target on Caesars Entertainment from $47.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 22nd. Cfra reiterated a “hold” rating and issued a $50.00 price target on shares of Caesars Entertainment in a research note on Friday, July 11th. Finally, Morgan Stanley cut their price target on Caesars Entertainment from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.47.

About Caesars Entertainment

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.