Capital Advisors Ltd. LLC Buys 443,107 Shares of Caesars Entertainment, Inc. $CZR

Capital Advisors Ltd. LLC increased its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 1,704,257.7% in the 1st quarter, HoldingsChannel reports. The fund owned 443,133 shares of the company’s stock after buying an additional 443,107 shares during the quarter. Caesars Entertainment makes up about 1.3% of Capital Advisors Ltd. LLC’s holdings, making the stock its 17th largest holding. Capital Advisors Ltd. LLC’s holdings in Caesars Entertainment were worth $11,712,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its position in shares of Caesars Entertainment by 181.6% in the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock worth $28,000 after purchasing an additional 672 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of Caesars Entertainment by 456.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock valued at $26,000 after purchasing an additional 918 shares during the period. CoreCap Advisors LLC raised its position in shares of Caesars Entertainment by 44.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock valued at $37,000 after purchasing an additional 488 shares during the period. Stance Capital LLC purchased a new position in shares of Caesars Entertainment during the 3rd quarter valued at $43,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of Caesars Entertainment by 87.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,817 shares of the company’s stock valued at $42,000 after buying an additional 846 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. reissued a “neutral” rating and set a $31.00 price target (down from $35.00) on shares of Caesars Entertainment in a report on Friday, May 29th. Zacks Research raised Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Texas Capital cut Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Wells Fargo & Company lifted their target price on Caesars Entertainment from $26.00 to $31.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 2nd. Finally, Raymond James Financial cut Caesars Entertainment from a “strong-buy” rating to a “market perform” rating in a report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.53.

Insider Activity at Caesars Entertainment

In other news, Director Michael E. Pegram sold 16,897 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $29.46, for a total value of $497,785.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edmund L. Quatmann, Jr. sold 81,566 shares of Caesars Entertainment stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $29.35, for a total value of $2,393,962.10. Following the completion of the transaction, the insider owned 18,263 shares of the company’s stock, valued at approximately $536,019.05. This trade represents a 81.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 293,463 shares of company stock worth $8,609,241 over the last three months. 1.18% of the stock is currently owned by insiders.

Caesars Entertainment Stock Performance

Shares of NASDAQ:CZR opened at $29.22 on Monday. The firm has a fifty day simple moving average of $28.15 and a two-hundred day simple moving average of $25.42. Caesars Entertainment, Inc. has a 52 week low of $17.86 and a 52 week high of $31.58. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.25. The stock has a market capitalization of $5.95 billion, a P/E ratio of -12.33 and a beta of 1.77.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, April 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.24). Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter in the prior year, the company posted ($0.54) earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts expect that Caesars Entertainment, Inc. will post -0.49 earnings per share for the current fiscal year.

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.