Twin Capital Management Inc. Sells 1,023 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Twin Capital Management Inc. lessened its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,864 shares of the company’s stock after selling 1,023 shares during the period. Twin Capital Management Inc.’s holdings in Caesars Entertainment were worth $2,197,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Soros Capital Management LLC increased its holdings in shares of Caesars Entertainment by 0.4% in the 4th quarter. Soros Capital Management LLC now owns 47,164 shares of the company’s stock worth $1,962,000 after purchasing an additional 200 shares in the last quarter. Centaurus Financial Inc. lifted its position in Caesars Entertainment by 19.3% during the first quarter. Centaurus Financial Inc. now owns 1,412 shares of the company’s stock valued at $109,000 after purchasing an additional 228 shares in the last quarter. Panagora Asset Management Inc. lifted its position in Caesars Entertainment by 2.4% during the first quarter. Panagora Asset Management Inc. now owns 9,874 shares of the company’s stock valued at $764,000 after purchasing an additional 236 shares in the last quarter. Advisor Partners II LLC lifted its position in Caesars Entertainment by 2.6% during the first quarter. Advisor Partners II LLC now owns 9,414 shares of the company’s stock valued at $459,000 after purchasing an additional 238 shares in the last quarter. Finally, Aspire Private Capital LLC lifted its position in Caesars Entertainment by 172.8% during the fourth quarter. Aspire Private Capital LLC now owns 401 shares of the company’s stock valued at $16,681,600,000 after purchasing an additional 254 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael E. Pegram acquired 15,000 shares of Caesars Entertainment stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of $41.45 per share, with a total value of $621,750.00. Following the completion of the purchase, the director now directly owns 4,612 shares of the company’s stock, valued at approximately $191,167.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Morgan Stanley boosted their price objective on Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lowered their price objective on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 9th. JMP Securities lowered their price objective on Caesars Entertainment from $65.00 to $62.00 and set a “market outperform” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft lowered their price objective on Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating on the stock in a research report on Friday, April 12th. Finally, Wells Fargo & Company reduced their target price on Caesars Entertainment from $72.00 to $68.00 and set an “overweight” rating on the stock in a report on Wednesday, February 21st. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $57.91.

Caesars Entertainment Trading Down 1.4 %

Shares of NASDAQ CZR opened at $37.98 on Friday. The business’s 50 day moving average is $41.88 and its two-hundred day moving average is $43.66. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.74. Caesars Entertainment, Inc. has a 1-year low of $37.87 and a 1-year high of $60.27. The stock has a market capitalization of $8.22 billion, a P/E ratio of 10.46 and a beta of 2.81.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the firm earned ($0.11) earnings per share. The company’s revenue was up .1% compared to the same quarter last year. As a group, research analysts expect that Caesars Entertainment, Inc. will post 1.07 EPS for the current year.

About Caesars Entertainment

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.