Caesars Entertainment (NASDAQ:CZR) Director Blackhurst Janis Jones Sells 33,899 Shares of Stock

Caesars Entertainment, Inc. (NASDAQ:CZR) Director Blackhurst Janis Jones sold 33,899 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $29.63, for a total transaction of $1,004,427.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Caesars Entertainment Trading Up 0.3%

NASDAQ CZR opened at $29.73 on Friday. Caesars Entertainment, Inc. has a 1 year low of $17.86 and a 1 year high of $30.88. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.85 and a quick ratio of 0.83. The company has a market capitalization of $6.06 billion, a PE ratio of -13.04 and a beta of 1.77. The company has a fifty day moving average of $29.87 and a 200 day moving average of $27.68.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, July 28th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.35). The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.98 billion. Caesars Entertainment had a negative return on equity of 7.64% and a negative net margin of 3.99%.Caesars Entertainment’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.39) earnings per share. Research analysts forecast that Caesars Entertainment, Inc. will post -0.9 earnings per share for the current year.

Analysts Set New Price Targets

CZR has been the topic of several recent research reports. TD Cowen lowered Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a research report on Wednesday, July 29th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $31.00 target price (down from $35.00) on shares of Caesars Entertainment in a research note on Friday, May 29th. Barclays reissued an “equal weight” rating and set a $31.00 price target (down from $35.00) on shares of Caesars Entertainment in a report on Thursday, July 9th. Capital One Financial lowered shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Finally, Texas Capital cut shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Caesars Entertainment currently has a consensus rating of “Hold” and an average price target of $30.71.

Institutional Trading of Caesars Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in CZR. Allworth Financial LP purchased a new position in shares of Caesars Entertainment during the 2nd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd grew its stake in Caesars Entertainment by 456.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock valued at $26,000 after acquiring an additional 918 shares during the period. Sunbelt Securities Inc. increased its holdings in Caesars Entertainment by 181.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock worth $28,000 after acquiring an additional 672 shares in the last quarter. Hantz Financial Services Inc. raised its position in Caesars Entertainment by 87.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,817 shares of the company’s stock worth $42,000 after acquiring an additional 846 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Caesars Entertainment by 59.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,882 shares of the company’s stock valued at $50,000 after purchasing an additional 702 shares in the last quarter. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Caesars Entertainment Company 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.