Bamco Inc. NY Sells 245,741 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Bamco Inc. NY lowered its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 23.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 813,480 shares of the company’s stock after selling 245,741 shares during the period. Bamco Inc. NY owned approximately 0.38% of Caesars Entertainment worth $35,582,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Caesars Entertainment by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 23,635,788 shares of the company’s stock worth $1,033,829,000 after acquiring an additional 75,898 shares during the period. Capital Research Global Investors lifted its holdings in shares of Caesars Entertainment by 26.9% during the 1st quarter. Capital Research Global Investors now owns 15,505,033 shares of the company’s stock worth $678,190,000 after acquiring an additional 3,289,748 shares during the period. Capital World Investors lifted its holdings in shares of Caesars Entertainment by 9.1% during the 4th quarter. Capital World Investors now owns 11,024,448 shares of the company’s stock worth $516,826,000 after acquiring an additional 916,282 shares during the period. Norges Bank acquired a new position in Caesars Entertainment during the 4th quarter worth approximately $102,213,000. Finally, Charles Schwab Investment Management Inc. increased its position in Caesars Entertainment by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,165,196 shares of the company’s stock worth $101,504,000 after purchasing an additional 112,458 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael E. Pegram bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were acquired at an average cost of $31.96 per share, with a total value of $319,600.00. Following the completion of the purchase, the director now directly owns 191,697 shares in the company, valued at $6,126,636.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Michael E. Pegram bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were acquired at an average cost of $31.96 per share, with a total value of $319,600.00. Following the completion of the purchase, the director now directly owns 191,697 shares in the company, valued at $6,126,636.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael E. Pegram bought 40,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average cost of $36.39 per share, for a total transaction of $1,455,600.00. Following the completion of the purchase, the director now owns 181,697 shares of the company’s stock, valued at $6,611,953.83. The disclosure for this purchase can be found here. 0.64% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Caesars Entertainment from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. B. Riley assumed coverage on shares of Caesars Entertainment in a research report on Thursday, May 9th. They set a “buy” rating and a $70.00 price objective for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, April 12th. Raymond James started coverage on shares of Caesars Entertainment in a research report on Tuesday, May 21st. They set a “strong-buy” rating and a $55.00 price objective for the company. Finally, Morgan Stanley decreased their price target on shares of Caesars Entertainment from $43.00 to $41.00 and set an “equal weight” rating for the company in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.33.

Caesars Entertainment Trading Up 5.4 %

Shares of CZR traded up $1.81 during trading hours on Friday, hitting $35.06. 4,668,178 shares of the stock were exchanged, compared to its average volume of 4,154,195. Caesars Entertainment, Inc. has a fifty-two week low of $31.74 and a fifty-two week high of $60.27. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.69 and a quick ratio of 0.67. The business has a 50-day moving average of $36.61 and a 200-day moving average of $39.66. The firm has a market capitalization of $7.59 billion, a P/E ratio of 9.93 and a beta of 2.98.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, April 30th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.52). Caesars Entertainment had a return on equity of 1.27% and a net margin of 6.68%. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.82 billion. On average, research analysts expect that Caesars Entertainment, Inc. will post -0.13 EPS for the current year.

Caesars Entertainment 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.