Meridian Wealth Management LLC Sells 1,295 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Meridian Wealth Management LLC trimmed its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 10.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,623 shares of the company’s stock after selling 1,295 shares during the period. Meridian Wealth Management LLC’s holdings in Caesars Entertainment were worth $443,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CZR. Signaturefd LLC increased its holdings in shares of Caesars Entertainment by 9.8% during the third quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock valued at $116,000 after acquiring an additional 248 shares in the last quarter. Assetmark Inc. increased its stake in Caesars Entertainment by 8.0% during the 3rd quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock valued at $144,000 after purchasing an additional 256 shares in the last quarter. American Trust raised its holdings in shares of Caesars Entertainment by 4.5% in the first quarter. American Trust now owns 7,346 shares of the company’s stock worth $321,000 after buying an additional 313 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Caesars Entertainment by 3.0% during the third quarter. Private Advisor Group LLC now owns 10,850 shares of the company’s stock worth $453,000 after buying an additional 317 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Caesars Entertainment by 25.1% during the third quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock valued at $84,000 after buying an additional 403 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Stock Up 0.1 %

Shares of Caesars Entertainment stock opened at $37.60 on Monday. Caesars Entertainment, Inc. has a 52-week low of $31.74 and a 52-week high of $50.51. The company has a 50 day moving average of $41.63 and a 200 day moving average of $38.35. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $7.99 billion, a P/E ratio of -22.51 and a beta of 2.96.

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

Wall Street Analysts Forecast Growth

CZR has been the subject of a number of research reports. Stifel Nicolaus lifted their price target on Caesars Entertainment from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Macquarie reaffirmed an “outperform” rating and set a $50.00 target price on shares of Caesars Entertainment in a research note on Wednesday, October 30th. StockNews.com raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Barclays reduced their price objective on shares of Caesars Entertainment from $59.00 to $57.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Morgan Stanley lifted their target price on shares of Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Caesars Entertainment currently has an average rating of “Moderate Buy” and an average target price of $54.00.

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.