UniSuper Management Pty Ltd Increases Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

UniSuper Management Pty Ltd increased its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 699.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 24,029 shares of the company’s stock after acquiring an additional 21,025 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Caesars Entertainment were worth $1,051,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S increased its stake in Caesars Entertainment by 270.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,332 shares of the company’s stock worth $1,239,000 after acquiring an additional 20,692 shares during the last quarter. Choreo LLC increased its stake in Caesars Entertainment by 39.1% during the fourth quarter. Choreo LLC now owns 17,678 shares of the company’s stock worth $829,000 after acquiring an additional 4,970 shares during the last quarter. Strs Ohio grew its stake in shares of Caesars Entertainment by 33.2% in the fourth quarter. Strs Ohio now owns 676,706 shares of the company’s stock valued at $31,723,000 after buying an additional 168,738 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of Caesars Entertainment by 881.0% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 25,506 shares of the company’s stock valued at $1,196,000 after buying an additional 22,906 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in shares of Caesars Entertainment by 84.8% in the fourth quarter. TD Asset Management Inc now owns 489,577 shares of the company’s stock valued at $22,951,000 after buying an additional 224,629 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock traded down $2.57 during trading on Wednesday, hitting $34.21. The stock had a trading volume of 4,704,226 shares, compared to its average volume of 3,877,074. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.69 and a quick ratio of 0.67. The firm has a market cap of $7.40 billion, a P/E ratio of 9.69 and a beta of 2.98. The business has a fifty day moving average of $36.66 and a two-hundred day moving average of $39.86. Caesars Entertainment, Inc. has a fifty-two week low of $31.74 and a fifty-two week high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, April 30th. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.52). The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. On average, sell-side analysts expect that Caesars Entertainment, Inc. will post -0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CZR shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, April 12th. TD Cowen lowered their target price on Caesars Entertainment from $53.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Raymond James assumed coverage on Caesars Entertainment in a research note on Tuesday, May 21st. They set a “strong-buy” rating and a $55.00 target price for the company. Truist Financial decreased their price target on Caesars Entertainment from $58.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, Barclays reduced their target price on Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Caesars Entertainment has a consensus rating of “Moderate Buy” and an average target price of $54.33.

Insider Activity

In other Caesars Entertainment news, Director Michael E. Pegram bought 10,000 shares of the stock in a transaction on Wednesday, May 29th. The shares were purchased at an average price of $31.96 per share, with a total value of $319,600.00. Following the acquisition, the director now directly owns 191,697 shares of the company’s stock, valued at approximately $6,126,636.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Caesars Entertainment news, Director Michael E. Pegram acquired 40,000 shares of Caesars Entertainment stock in a transaction on Friday, May 3rd. The shares were bought at an average price of $36.39 per share, with a total value of $1,455,600.00. Following the completion of the purchase, the director now owns 181,697 shares in the company, valued at $6,611,953.83. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael E. Pegram bought 10,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were purchased at an average price of $31.96 per share, with a total value of $319,600.00. Following the transaction, the director now owns 191,697 shares of the company’s stock, valued at $6,126,636.12. The disclosure for this purchase can be found here. 0.64% of the stock is currently owned by insiders.

Caesars Entertainment Company 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.