Landscape Capital Management L.L.C. Has $5.03 Million Position in Caesars Entertainment, Inc. $CZR

Landscape Capital Management L.L.C. raised its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 642.1% in the third quarter, Holdings Channel reports. The fund owned 185,937 shares of the company’s stock after acquiring an additional 160,883 shares during the period. Landscape Capital Management L.L.C.’s holdings in Caesars Entertainment were worth $5,025,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. ING Groep NV boosted its holdings in shares of Caesars Entertainment by 80.2% in the 3rd quarter. ING Groep NV now owns 599,854 shares of the company’s stock worth $16,211,000 after acquiring an additional 266,917 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Caesars Entertainment by 56.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,700,389 shares of the company’s stock valued at $45,953,000 after purchasing an additional 612,837 shares in the last quarter. LDR Capital Management LLC acquired a new stake in Caesars Entertainment during the 3rd quarter valued at $1,172,000. Villere ST Denis J & Co. LLC boosted its stake in Caesars Entertainment by 31.6% in the third quarter. Villere ST Denis J & Co. LLC now owns 1,038,870 shares of the company’s stock worth $28,075,000 after purchasing an additional 249,603 shares in the last quarter. Finally, Capital World Investors boosted its stake in Caesars Entertainment by 29.8% in the third quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock worth $437,622,000 after purchasing an additional 3,716,148 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Trading Up 0.8%

NASDAQ CZR traded up $0.23 during trading hours on Friday, hitting $28.64. The company’s stock had a trading volume of 367,978 shares, compared to its average volume of 6,578,949. The stock has a fifty day moving average of $22.90 and a 200 day moving average of $23.34. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 3.17. Caesars Entertainment, Inc. has a twelve month low of $17.86 and a twelve month high of $31.58. The firm has a market capitalization of $5.83 billion, a P/E ratio of -11.74, a PEG ratio of 69.68 and a beta of 1.94.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, February 17th. The company reported ($1.23) EPS for the quarter, missing the consensus estimate of ($0.18) by ($1.05). The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. Caesars Entertainment had a negative net margin of 4.37% and a negative return on equity of 7.97%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS. Equities research analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CZR shares. TD Cowen restated a “buy” rating on shares of Caesars Entertainment in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Stifel Nicolaus lowered their price objective on shares of Caesars Entertainment from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Morgan Stanley upped their target price on shares of Caesars Entertainment from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Wells Fargo & Company assumed coverage on shares of Caesars Entertainment in a research report on Tuesday, November 18th. They issued an “equal weight” rating and a $21.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.65.

Caesars Entertainment Company 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.