Round Rock Advisors LLC Has $1.11 Million Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Round Rock Advisors LLC cut its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 1.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,470 shares of the company’s stock after selling 450 shares during the period. Round Rock Advisors LLC’s holdings in Caesars Entertainment were worth $1,105,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. raised its stake in shares of 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 in the last quarter. UMB Bank n.a. bought a new stake in Caesars Entertainment during the third quarter worth $51,000. GAMMA Investing LLC lifted its stake in Caesars Entertainment by 63.1% in the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $64,000 after acquiring an additional 622 shares during the last quarter. Signaturefd LLC grew its position in shares of Caesars Entertainment by 77.0% in the 2nd quarter. Signaturefd LLC now owns 2,540 shares of the company’s stock valued at $101,000 after acquiring an additional 1,105 shares during the period. Finally, Assetmark Inc. increased its stake in shares of Caesars Entertainment by 8.0% during the 3rd quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock worth $144,000 after purchasing an additional 256 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CZR. Macquarie reiterated an “outperform” rating and issued a $50.00 target price on shares of Caesars Entertainment in a research note on Wednesday, October 30th. Stifel Nicolaus lifted their target price on Caesars Entertainment from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. JMP Securities restated a “market outperform” rating and issued a $59.00 price target on shares of Caesars Entertainment in a research note on Monday, October 14th. StockNews.com raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company dropped their price objective on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Caesars Entertainment currently has an average rating of “Moderate Buy” and an average target price of $54.00.

Caesars Entertainment Stock Down 0.7 %

NASDAQ CZR opened at $40.84 on Friday. 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 1-year low of $31.74 and a 1-year high of $50.51. The company has a market cap of $8.68 billion, a price-to-earnings ratio of -24.45 and a beta of 2.96. The company has a 50 day moving average of $41.37 and a 200-day moving average of $38.23.

Caesars Entertainment (NASDAQ:CZR) last released its 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). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The business’s revenue was down 4.0% on a year-over-year basis. On average, equities research analysts expect that Caesars Entertainment, Inc. will post -0.54 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.