Villere ST Denis J & Co. LLC Reduces Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

Villere ST Denis J & Co. LLC reduced its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 2.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 756,911 shares of the company’s stock after selling 21,544 shares during the period. Caesars Entertainment makes up about 2.6% of Villere ST Denis J & Co. LLC’s investment portfolio, making the stock its 18th biggest position. Villere ST Denis J & Co. LLC owned approximately 0.36% of Caesars Entertainment worth $31,593,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC lifted its position in Caesars Entertainment by 9.8% during the third quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock valued at $116,000 after purchasing an additional 248 shares in the last quarter. American Trust lifted its position in Caesars Entertainment by 4.5% during the first quarter. American Trust now owns 7,346 shares of the company’s stock valued at $321,000 after purchasing an additional 313 shares in the last quarter. Private Advisor Group LLC lifted its position in Caesars Entertainment by 3.0% during the third 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 lifted its position in Caesars Entertainment by 25.1% during the third quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock valued at $84,000 after purchasing an additional 403 shares in the last quarter. Finally, Fiduciary Family Office LLC lifted its position in shares of Caesars Entertainment by 1.7% in the third quarter. Fiduciary Family Office LLC now owns 25,215 shares of the company’s stock valued at $1,052,000 after acquiring an additional 424 shares in the last quarter. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Caesars Entertainment Trading Down 0.7 %

Shares of NASDAQ CZR opened at $40.84 on Friday. The business’s 50 day moving average is $41.37 and its two-hundred day moving average is $38.23. 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, Inc. has a 1-year low of $31.74 and a 1-year high of $50.51. The stock has a market capitalization of $8.68 billion, a P/E ratio of -24.46 and a beta of 2.96.

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

Analyst Ratings Changes

Several equities analysts have recently commented on the company. StockNews.com upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Jefferies Financial Group lowered their price objective on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Wells Fargo & Company lowered their price objective on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Stifel Nicolaus boosted their price objective on Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Morgan Stanley boosted their price objective on Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.00.

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.