Malaga Cove Capital LLC Boosts Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Malaga Cove Capital LLC lifted its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 97.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,928 shares of the company’s stock after acquiring an additional 5,405 shares during the period. Malaga Cove Capital LLC’s holdings in Caesars Entertainment were worth $434,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CZR. Blue Trust Inc. increased its holdings in Caesars Entertainment by 525.3% in the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company’s stock valued at $26,000 after purchasing an additional 499 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Caesars Entertainment during the 4th quarter valued at about $46,000. Mather Group LLC. acquired a new position in Caesars Entertainment during the 1st quarter worth approximately $53,000. TFO Wealth Partners LLC boosted its holdings in Caesars Entertainment by 22,920.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock worth $54,000 after acquiring an additional 1,146 shares during the period. Finally, GAMMA Investing LLC grew its position 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 in the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $36.00 on Tuesday. Caesars Entertainment, Inc. has a 1-year low of $31.74 and a 1-year high of $55.71. The firm has a market capitalization of $7.79 billion, a PE ratio of 10.20 and a beta of 2.96. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.70 and a quick ratio of 0.68. The business’s fifty day moving average price is $36.79 and its two-hundred day moving average price is $38.03.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, July 30th. The company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.68). Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, research analysts expect that Caesars Entertainment, Inc. will post 0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. StockNews.com lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Wells Fargo & Company lifted their target price on Caesars Entertainment from $53.00 to $56.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Susquehanna reissued a “negative” rating and issued a $33.00 price target on shares of Caesars Entertainment in a report on Wednesday, July 31st. Raymond James began coverage on Caesars Entertainment in a report on Tuesday, May 21st. They set a “strong-buy” rating and a $55.00 price objective on the stock. Finally, Jefferies Financial Group reduced their target price on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, two 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.14.

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.