ProShare Advisors LLC Acquires 49,047 Shares of Caesars Entertainment, Inc. $CZR

ProShare Advisors LLC raised its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 152.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 81,207 shares of the company’s stock after buying an additional 49,047 shares during the quarter. ProShare Advisors LLC’s holdings in Caesars Entertainment were worth $2,305,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CZR. Y Intercept Hong Kong Ltd bought a new position in shares of Caesars Entertainment in the 2nd quarter worth about $592,000. Assenagon Asset Management S.A. raised its stake in Caesars Entertainment by 103.5% during the second quarter. Assenagon Asset Management S.A. now owns 166,209 shares of the company’s stock valued at $4,719,000 after buying an additional 84,545 shares during the last quarter. Penn Capital Management Company LLC raised its stake in Caesars Entertainment by 101.9% during the first quarter. Penn Capital Management Company LLC now owns 45,207 shares of the company’s stock valued at $1,154,000 after buying an additional 22,812 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Caesars Entertainment in the first quarter worth $540,000. Finally, HG Vora Capital Management LLC grew its stake in shares of Caesars Entertainment by 73.3% in the first quarter. HG Vora Capital Management LLC now owns 3,900,000 shares of the company’s stock worth $97,500,000 after acquiring an additional 1,650,000 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Trading Up 0.2%

Shares of CZR stock opened at $19.78 on Friday. Caesars Entertainment, Inc. has a 1 year low of $18.25 and a 1 year high of $40.00. The firm has a fifty day moving average price of $23.32 and a 200-day moving average price of $26.15. The company has a market cap of $4.04 billion, a price-to-earnings ratio of -17.20 and a beta of 2.32. The company has a debt-to-equity ratio of 6.23, a current ratio of 0.78 and a quick ratio of 0.76.

Caesars Entertainment (NASDAQ:CZR) last issued 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). Caesars Entertainment had a negative return on equity of 5.76% and a negative net margin of 2.12%.The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter in the previous year, the company earned ($0.04) EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. As a group, equities analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Morgan Stanley dropped their price target on shares of 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. Stifel Nicolaus dropped their target price on shares of Caesars Entertainment from $43.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Citizens Jmp reduced their price target on shares of Caesars Entertainment from $40.00 to $37.00 and set a “market outperform” rating for the company in a research report on Wednesday, October 29th. The Goldman Sachs Group decreased their price objective on shares of Caesars Entertainment from $29.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. cut their target price on Caesars Entertainment from $43.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $37.82.

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.