Thompson Siegel & Walmsley LLC Makes New Investment in Caesars Entertainment, Inc. (NASDAQ:CZR)

Thompson Siegel & Walmsley LLC acquired a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 189,874 shares of the company’s stock, valued at approximately $7,925,000. Thompson Siegel & Walmsley LLC owned 0.09% of Caesars Entertainment at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CZR. Blue Trust Inc. grew its holdings in Caesars Entertainment by 525.3% during the second quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after purchasing an additional 499 shares during the period. Huntington National Bank increased its holdings in shares of Caesars Entertainment by 3,203.8% during 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. acquired a new position in shares of Caesars Entertainment during the 3rd quarter worth approximately $51,000. GAMMA Investing LLC raised its stake in 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 acquiring an additional 622 shares during the period. Finally, Signaturefd LLC boosted its position in Caesars Entertainment by 77.0% during 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 period. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Caesars Entertainment from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Barclays lowered their price target on shares of Caesars Entertainment from $59.00 to $57.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Susquehanna restated a “negative” rating and set a $33.00 price objective on shares of Caesars Entertainment in a report on Wednesday, July 31st. JMP Securities reiterated a “market outperform” rating and set a $59.00 target price on shares of Caesars Entertainment in a research note on Monday, October 14th. Finally, StockNews.com upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

Caesars Entertainment Trading Up 0.4 %

CZR opened at $37.73 on Friday. The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of -22.60 and a beta of 2.96. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. Caesars Entertainment, Inc. has a twelve month low of $31.74 and a twelve month high of $50.51. The company has a 50-day simple moving average of $41.65 and a 200 day simple moving average of $38.31.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.25). The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. Caesars Entertainment’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 earnings per share. Analysts predict that Caesars Entertainment, Inc. will post -0.54 EPS 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.