Fiduciary Family Office LLC Boosts Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Fiduciary Family Office LLC grew its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,215 shares of the company’s stock after buying an additional 424 shares during the quarter. Fiduciary Family Office LLC’s holdings in Caesars Entertainment were worth $1,052,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CZR. Blue Trust Inc. raised its holdings in shares of Caesars Entertainment by 525.3% during the second 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 last quarter. UMB Bank n.a. purchased a new position in Caesars Entertainment during the 3rd quarter valued at about $51,000. GAMMA Investing LLC boosted its holdings in shares of Caesars Entertainment by 63.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $64,000 after buying an additional 622 shares in the last quarter. Signaturefd LLC raised its stake in shares of Caesars Entertainment by 77.0% in the second quarter. Signaturefd LLC now owns 2,540 shares of the company’s stock worth $101,000 after purchasing an additional 1,105 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Caesars Entertainment during the second quarter valued at approximately $147,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 2.3 %

NASDAQ CZR traded down $0.93 during mid-day trading on Tuesday, reaching $38.72. The stock had a trading volume of 1,164,955 shares, compared to its average volume of 4,157,600. Caesars Entertainment, Inc. has a 1 year low of $31.74 and a 1 year high of $50.51. The stock has a market cap of $8.23 billion, a PE ratio of -23.74 and a beta of 2.96. The company has a fifty day moving average price of $41.14 and a 200 day moving average price of $38.18. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 EPS. On average, research analysts expect that Caesars Entertainment, Inc. will post -0.44 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CZR. Jefferies Financial Group cut their price objective on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Barclays reduced their target price on Caesars Entertainment from $59.00 to $57.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. StockNews.com upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Stifel Nicolaus boosted 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. Finally, Susquehanna restated a “negative” rating and set a $33.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.00.

About Caesars Entertainment

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.