HighTower Advisors LLC Buys 17,289 Shares of Caesars Entertainment, Inc. $CZR

HighTower Advisors LLC boosted its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 36.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,733 shares of the company’s stock after acquiring an additional 17,289 shares during the period. HighTower Advisors LLC’s holdings in Caesars Entertainment were worth $1,514,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CZR. AQR Capital Management LLC boosted its holdings in Caesars Entertainment by 47.7% in the first quarter. AQR Capital Management LLC now owns 39,297 shares of the company’s stock valued at $953,000 after acquiring an additional 12,698 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Caesars Entertainment by 8.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,830 shares of the company’s stock valued at $496,000 after acquiring an additional 1,623 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Caesars Entertainment by 106.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,599,273 shares of the company’s stock valued at $39,982,000 after acquiring an additional 826,356 shares in the last quarter. Woodline Partners LP boosted its holdings in Caesars Entertainment by 40.7% in the first quarter. Woodline Partners LP now owns 17,952 shares of the company’s stock valued at $449,000 after acquiring an additional 5,192 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Caesars Entertainment by 0.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 506,585 shares of the company’s stock valued at $12,665,000 after acquiring an additional 3,198 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

CZR opened at $29.22 on Wednesday. The stock has a 50-day moving average price of $27.35 and a 200-day moving average price of $24.62. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.85 and a quick ratio of 0.83. The firm has a market cap of $5.95 billion, a PE ratio of -12.33 and a beta of 1.77. Caesars Entertainment, Inc. has a 1 year low of $17.86 and a 1 year high of $31.58.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a negative return on equity of 7.88% and a negative net margin of 4.19%.Caesars Entertainment’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.54) EPS. Sell-side analysts predict that Caesars Entertainment, Inc. will post -0.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Barclays cut their price target on shares of Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Caesars Entertainment in a report on Monday, May 18th. Jefferies Financial Group boosted their target price on shares of Caesars Entertainment from $24.00 to $26.00 and gave the company a “hold” rating in a report on Monday, April 6th. Wall Street Zen upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Truist Financial cut shares of Caesars Entertainment from a “buy” rating to a “hold” rating and dropped their target price for the company from $32.00 to $31.00 in a report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Caesars Entertainment presently has a consensus rating of “Hold” and a consensus target price of $32.80.

Caesars Entertainment Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.