Rossby Financial LCC Purchases Shares of 5,000 Caesars Entertainment, Inc. $CZR

Rossby Financial LCC purchased a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,000 shares of the company’s stock, valued at approximately $142,000.

Several other large investors also recently modified their holdings of CZR. JFS Wealth Advisors LLC increased its position in shares of Caesars Entertainment by 508.5% during the second quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock worth $25,000 after buying an additional 722 shares during the period. Mather Group LLC. increased its position in shares of Caesars Entertainment by 64.4% during the first quarter. Mather Group LLC. now owns 1,034 shares of the company’s stock worth $26,000 after buying an additional 405 shares during the period. UMB Bank n.a. increased its position in shares of Caesars Entertainment by 52.0% during the second quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock worth $30,000 after buying an additional 359 shares during the period. Farther Finance Advisors LLC increased its position in shares of Caesars Entertainment by 168.5% during the second quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company’s stock worth $32,000 after buying an additional 711 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Caesars Entertainment by 69.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company’s stock worth $33,000 after buying an additional 478 shares during the period. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Trading Down 2.0%

NASDAQ:CZR opened at $22.09 on Wednesday. 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 stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of -24.01 and a beta of 2.38. The firm has a fifty day simple moving average of $25.02 and a two-hundred day simple moving average of $26.75. Caesars Entertainment, Inc. has a 12 month low of $21.40 and a 12 month high of $45.65.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, October 28th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.88 billion. Caesars Entertainment had a negative return on equity of 4.55% and a negative net margin of 1.71%.The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) earnings per share. Analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CZR. Cfra reiterated a “hold” rating and set a $50.00 price objective on shares of Caesars Entertainment in a research report on Friday, July 11th. Zacks Research cut shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Citigroup reiterated a “market outperform” rating on shares of Caesars Entertainment in a research report on Friday, July 18th. Morgan Stanley decreased their price objective on shares of Caesars Entertainment from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 6th. Finally, The Goldman Sachs Group started coverage on shares of Caesars Entertainment in a report on Monday, July 7th. They issued a “buy” rating and a $36.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Caesars Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $41.80.

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.