Bamco Inc. NY Makes New Investment in Caesars Entertainment, Inc. (NASDAQ:CZR)

Bamco Inc. NY acquired a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,482,755 shares of the company’s stock, valued at approximately $61,890,000. Bamco Inc. NY owned about 0.70% of Caesars Entertainment as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CZR. Signaturefd LLC lifted its holdings in Caesars Entertainment by 9.8% in the third quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock valued at $116,000 after buying an additional 248 shares during the period. Assetmark Inc. lifted its stake in shares of Caesars Entertainment by 8.0% in 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 during the period. Private Advisor Group LLC boosted its position in shares of Caesars Entertainment by 3.0% during the 3rd quarter. Private Advisor Group LLC now owns 10,850 shares of the company’s stock valued at $453,000 after purchasing an additional 317 shares in the last quarter. GAMMA Investing LLC grew its stake in Caesars Entertainment by 25.1% during the third quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock worth $84,000 after purchasing an additional 403 shares during the period. Finally, Fiduciary Family Office LLC increased its holdings in Caesars Entertainment by 1.7% in the third quarter. Fiduciary Family Office LLC now owns 25,215 shares of the company’s stock worth $1,052,000 after purchasing an additional 424 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Stock Up 0.6 %

Shares of NASDAQ:CZR opened at $38.49 on Monday. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of -23.05 and a beta of 2.96. The business’s 50 day moving average is $41.43 and its 200 day moving average is $38.41. Caesars Entertainment, Inc. has a 12-month low of $31.74 and a 12-month high of $50.51. 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 (NASDAQ:CZR) last posted its quarterly earnings data 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 firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Caesars Entertainment’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, sell-side analysts forecast that Caesars Entertainment, Inc. will post -0.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

CZR has been the subject of several recent analyst reports. Stifel Nicolaus raised their price objective on shares of Caesars Entertainment from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. 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 report on Tuesday, October 22nd. 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 report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on Caesars Entertainment from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, StockNews.com raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.86.

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.