Lmcg Investments LLC Has $2.32 Million Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Lmcg Investments LLC cut its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,377 shares of the company’s stock after selling 409 shares during the period. Lmcg Investments LLC’s holdings in Caesars Entertainment were worth $2,320,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. grew its position in shares of Caesars Entertainment by 525.3% in the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company’s stock valued at $26,000 after purchasing an additional 499 shares during the period. Principal Securities Inc. acquired a new stake in shares of Caesars Entertainment in the 4th quarter valued at about $46,000. Mather Group LLC. acquired a new stake in shares of Caesars Entertainment in the 1st quarter valued at about $53,000. TFO Wealth Partners LLC lifted its holdings in shares of Caesars Entertainment by 22,920.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock valued at $54,000 after purchasing an additional 1,146 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Caesars Entertainment by 63.1% during the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $64,000 after buying an additional 622 shares during the period. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $40.25 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 5.56. The company has a market capitalization of $8.71 billion, a P/E ratio of 11.40 and a beta of 2.96. Caesars Entertainment, Inc. has a 12 month low of $31.74 and a 12 month high of $52.63. The stock has a 50 day moving average of $36.78 and a 200-day moving average of $37.88.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, July 30th. The company reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.68). The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.87 billion. Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the company posted $0.82 EPS. As a group, equities research analysts predict that Caesars Entertainment, Inc. will post 0.06 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CZR. Susquehanna reissued a “negative” rating and issued a $33.00 target price on shares of Caesars Entertainment in a research report on Wednesday, July 31st. Wells Fargo & Company boosted their price objective on shares of Caesars Entertainment from $53.00 to $56.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. StockNews.com cut shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Morgan Stanley lowered their price target on shares of Caesars Entertainment from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 4th. Finally, Stifel Nicolaus boosted their price target on shares of Caesars Entertainment from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.14.

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.