36,781 Shares in Caesars Entertainment, Inc. $CZR Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 36,781 shares of the company’s stock, valued at approximately $1,110,000.

Several other large investors have also recently bought and sold shares of the company. Pictet Asset Management Holding SA increased its position in shares of Caesars Entertainment by 1.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 31,307 shares of the company’s stock valued at $827,000 after buying an additional 363 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of Caesars Entertainment by 3.5% in the second quarter. Corient Private Wealth LLC now owns 16,155 shares of the company’s stock worth $459,000 after acquiring an additional 549 shares in the last quarter. Sunbelt Securities Inc. raised its position in shares of Caesars Entertainment by 181.6% during the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock worth $28,000 after purchasing an additional 672 shares during the period. Ancora Advisors LLC lifted its holdings in shares of Caesars Entertainment by 9.1% during the 3rd quarter. Ancora Advisors LLC now owns 8,417 shares of the company’s stock valued at $227,000 after purchasing an additional 700 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Caesars Entertainment by 59.5% during the 1st 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. Institutional investors own 91.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CZR. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $31.00 target price (down from $35.00) on shares of Caesars Entertainment in a report on Monday, June 1st. Susquehanna raised shares of Caesars Entertainment from a “positive” rating to a “positive” rating in a research report on Friday, May 29th. Capital One Financial lowered shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Caesars Entertainment in a research report on Thursday, August 13th. Finally, Zacks Research lowered shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, August 17th. Two investment 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 an average rating of “Hold” and a consensus price target of $30.71.

Caesars Entertainment Stock Performance

Shares of CZR stock opened at $29.73 on Monday. Caesars Entertainment, Inc. has a 12 month low of $17.86 and a 12 month high of $30.88. The company’s fifty day simple moving average is $29.87 and its 200-day simple moving average is $27.73. The firm has a market cap of $6.06 billion, a PE ratio of -13.04 and a beta of 1.77. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.70.

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

Insider Buying and Selling

In related news, CMO Josh Jones sold 59,507 shares of Caesars Entertainment stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $29.72, for a total value of $1,768,548.04. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Edmund L. Quatmann, Jr. sold 81,566 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $29.35, for a total value of $2,393,962.10. Following the sale, the insider owned 18,263 shares in the company, valued at $536,019.05. The trade was a 81.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 595,003 shares of company stock worth $17,547,145 over the last three months. Company insiders own 1.18% of the company’s stock.

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.