Aspire Private Capital LLC Increases Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Aspire Private Capital LLC boosted its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 48.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,683 shares of the company’s stock after buying an additional 2,503 shares during the period. Aspire Private Capital LLC’s holdings in Caesars Entertainment were worth $257,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Huntington National Bank lifted its holdings in shares of Caesars Entertainment by 3,203.8% in the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock worth $36,000 after acquiring an additional 833 shares during the last quarter. UMB Bank n.a. bought a new stake in Caesars Entertainment in the third quarter worth about $51,000. Quarry LP purchased a new position in shares of Caesars Entertainment during the third quarter valued at approximately $68,000. GAMMA Investing LLC grew its stake 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. Finally, Signaturefd LLC raised its holdings in shares of Caesars Entertainment by 9.8% in the third quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock worth $116,000 after buying an additional 248 shares during the period. 91.79% of the stock is owned by hedge funds and other institutional investors.

Caesars Entertainment Stock Up 0.5 %

Shares of Caesars Entertainment stock opened at $34.23 on Wednesday. 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 cap of $7.27 billion, a P/E ratio of -20.50 and a beta of 2.90. The firm’s 50 day moving average price is $35.43 and its 200-day moving average price is $37.94. Caesars Entertainment, Inc. has a 52-week low of $30.78 and a 52-week high of $47.99.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.93 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. On average, sell-side analysts predict that Caesars Entertainment, Inc. will post -0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

CZR has been the subject of a number of recent analyst reports. Barclays dropped their price objective on Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Morgan Stanley raised their price target 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. Wells Fargo & Company lowered their price objective on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Jefferies Financial Group reduced their target price on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Finally, JMP Securities lowered their price target on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Caesars Entertainment currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.86.

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.