Terril Brothers Inc. Invests $20.21 Million in Caesars Entertainment, Inc. $CZR

Terril Brothers Inc. bought a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 864,090 shares of the company’s stock, valued at approximately $20,211,000. Caesars Entertainment makes up approximately 5.3% of Terril Brothers Inc.’s portfolio, making the stock its 8th biggest position. Terril Brothers Inc. owned 0.42% of Caesars Entertainment as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CZR. AQR Capital Management LLC increased its stake in shares of Caesars Entertainment by 47.7% during the first quarter. AQR Capital Management LLC now owns 39,297 shares of the company’s stock worth $953,000 after purchasing an additional 12,698 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Caesars Entertainment by 8.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,830 shares of the company’s stock valued at $496,000 after buying an additional 1,623 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Caesars Entertainment by 106.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,599,273 shares of the company’s stock valued at $39,982,000 after buying an additional 826,356 shares in the last quarter. Woodline Partners LP lifted its stake in Caesars Entertainment by 40.7% in the 1st quarter. Woodline Partners LP now owns 17,952 shares of the company’s stock valued at $449,000 after buying an additional 5,192 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Caesars Entertainment by 0.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 506,585 shares of the company’s stock valued at $12,665,000 after buying an additional 3,198 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Trading Down 0.3%

CZR opened at $28.38 on Wednesday. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.85 and a quick ratio of 0.83. The company’s 50 day simple moving average is $27.22 and its two-hundred day simple moving average is $24.36. Caesars Entertainment, Inc. has a 1-year low of $17.86 and a 1-year high of $31.58. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of -11.97 and a beta of 1.77.

Caesars Entertainment (NASDAQ:CZR) last released its 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). Caesars Entertainment had a negative return on equity of 7.88% and a negative net margin of 4.19%.The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same period last year, the business earned ($0.54) earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts expect that Caesars Entertainment, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CZR. Morgan Stanley raised their price target on shares of Caesars Entertainment from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Zacks Research raised shares of Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Wells Fargo & Company raised their price target on shares of Caesars Entertainment from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Jefferies Financial Group raised their price target on shares of Caesars Entertainment from $24.00 to $26.00 and gave the company a “hold” rating in a research note on Monday, April 6th. Finally, Barclays decreased their price target on shares of Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Nine investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Caesars Entertainment presently has an average rating of “Hold” and a consensus target price of $33.27.

About Caesars Entertainment

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.