Altshuler Shaham Ltd Invests $45,000 in Caesars Entertainment, Inc. (NASDAQ:CZR)

Altshuler Shaham Ltd bought a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 966 shares of the company’s stock, valued at approximately $45,000.

A number of other large investors have also modified their holdings of CZR. Assetmark Inc. boosted its position in shares of Caesars Entertainment by 10.6% during the 3rd quarter. Assetmark Inc. now owns 2,713 shares of the company’s stock valued at $126,000 after acquiring an additional 261 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Caesars Entertainment by 0.8% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 34,824 shares of the company’s stock valued at $1,625,000 after acquiring an additional 285 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position in shares of Caesars Entertainment by 4.0% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 7,631 shares of the company’s stock valued at $354,000 after acquiring an additional 295 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in Caesars Entertainment by 13.4% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 3,192 shares of the company’s stock valued at $148,000 after buying an additional 376 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its position in Caesars Entertainment by 2.5% in the third quarter. Teacher Retirement System of Texas now owns 16,673 shares of the company’s stock valued at $773,000 after buying an additional 404 shares during the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Wall Street Analysts Forecast Growth

CZR has been the topic of several research reports. Susquehanna reduced their price target on shares of Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 21st. Barclays cut their target price on shares of Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. JPMorgan Chase & Co. cut their target price on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 9th. TD Cowen dropped their price target on shares of Caesars Entertainment from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, April 12th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Caesars Entertainment currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.83.

Caesars Entertainment Price Performance

Caesars Entertainment stock traded down $0.13 during midday trading on Wednesday, reaching $36.22. 2,982,276 shares of the company were exchanged, compared to its average volume of 3,389,436. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 10.26 and a beta of 2.83. The firm’s 50-day simple moving average is $40.36 and its 200-day simple moving average is $42.96. Caesars Entertainment, Inc. has a 1 year low of $35.09 and a 1 year high of $60.27. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.67 and a current ratio of 0.69.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a return on equity of 1.27% and a net margin of 6.68%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.11) EPS. On average, analysts anticipate that Caesars Entertainment, Inc. will post 0.23 EPS for the current year.

Insider Buying and Selling at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram purchased 40,000 shares of the stock in a transaction on Friday, May 3rd. The stock was bought at an average price of $36.39 per share, for a total transaction of $1,455,600.00. Following the acquisition, the director now directly owns 181,697 shares of the company’s stock, valued at $6,611,953.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Michael E. Pegram acquired 40,000 shares of Caesars Entertainment stock in a transaction dated Friday, May 3rd. The shares were acquired at an average cost of $36.39 per share, with a total value of $1,455,600.00. Following the purchase, the director now directly owns 181,697 shares of the company’s stock, valued at approximately $6,611,953.83. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael E. Pegram acquired 15,000 shares of Caesars Entertainment stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $41.45 per share, for a total transaction of $621,750.00. Following the completion of the purchase, the director now directly owns 4,612 shares in the company, valued at $191,167.40. The disclosure for this purchase can be found here. 0.64% of the stock is owned by company insiders.

Caesars Entertainment Company 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.