Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Purchased by Quest Partners LLC

Quest Partners LLC lifted its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 528,000.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,281 shares of the company’s stock after acquiring an additional 5,280 shares during the period. Quest Partners LLC’s holdings in Caesars Entertainment were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. grew its position in Caesars Entertainment by 525.3% during the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after purchasing an additional 499 shares during the period. Huntington National Bank grew its position in Caesars Entertainment by 3,203.8% during the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock worth $36,000 after purchasing an additional 833 shares during the period. UMB Bank n.a. acquired a new stake in Caesars Entertainment during the 3rd quarter worth about $51,000. GAMMA Investing LLC boosted its stake in shares of Caesars Entertainment by 63.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $64,000 after acquiring an additional 622 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Caesars Entertainment by 77.0% during the 2nd quarter. Signaturefd LLC now owns 2,540 shares of the company’s stock worth $101,000 after acquiring an additional 1,105 shares in the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CZR has been the topic of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their target price on shares of Caesars Entertainment from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Susquehanna reissued a “negative” rating and set a $33.00 target price on shares of Caesars Entertainment in a research note on Wednesday, July 31st. Morgan Stanley increased their target price on shares of Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, Barclays lowered their target price on shares of Caesars Entertainment from $59.00 to $57.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Caesars Entertainment presently has an average rating of “Moderate Buy” and a consensus price target of $53.86.

Caesars Entertainment Stock Down 1.1 %

CZR stock opened at $38.25 on Thursday. The company has a market cap of $8.13 billion, a price-to-earnings ratio of -23.25 and a beta of 2.96. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. Caesars Entertainment, Inc. has a 12 month low of $31.74 and a 12 month high of $50.51. The firm has a 50-day moving average of $41.60 and a two-hundred day moving average of $38.39.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The firm’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 EPS. As a group, analysts forecast that Caesars Entertainment, Inc. will post -0.56 earnings per share for the current fiscal year.

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.