Paloma Partners Management Co Has $8.81 Million Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Paloma Partners Management Co lifted its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 1,171.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 211,100 shares of the company’s stock after acquiring an additional 194,497 shares during the period. Paloma Partners Management Co owned approximately 0.10% of Caesars Entertainment worth $8,811,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CZR. Blue Trust Inc. lifted its position in Caesars Entertainment by 525.3% during the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after buying an additional 499 shares in the last quarter. Huntington National Bank increased its stake in 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 purchasing an additional 833 shares in the last quarter. UMB Bank n.a. acquired a new position in Caesars Entertainment during the 3rd quarter worth approximately $51,000. GAMMA Investing LLC boosted its position in Caesars Entertainment by 63.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $64,000 after acquiring an additional 622 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Caesars Entertainment by 77.0% during the 2nd quarter. Signaturefd LLC now owns 2,540 shares of the company’s stock worth $101,000 after acquiring an additional 1,105 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Stock Up 0.6 %

Shares of NASDAQ:CZR opened at $38.49 on Monday. Caesars Entertainment, Inc. has a 12-month low of $31.74 and a 12-month high of $50.51. The stock has a fifty day simple moving average of $41.43 and a two-hundred day simple moving average of $38.41. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The stock has a market capitalization of $8.18 billion, a price-to-earnings ratio of -23.05 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) EPS 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 firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the firm earned $0.34 EPS. The business’s revenue was down 4.0% on a year-over-year basis. On average, research analysts anticipate that Caesars Entertainment, Inc. will post -0.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CZR shares. JPMorgan Chase & Co. increased their price target on Caesars Entertainment from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. JMP Securities decreased their price target on Caesars Entertainment from $59.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Monday, November 25th. Morgan Stanley raised their price target on Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus raised their price objective on Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Barclays cut their price target on Caesars Entertainment from $59.00 to $57.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Caesars Entertainment currently has a consensus rating of “Moderate Buy” and an average target price of $53.86.

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.