Paloma Partners Management Co Purchases 194,497 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Paloma Partners Management Co lifted its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 1,171.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 211,100 shares of the company’s stock after buying an additional 194,497 shares during the quarter. Paloma Partners Management Co’s holdings in Caesars Entertainment were worth $8,811,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in shares of Caesars Entertainment by 525.3% in the second quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after purchasing an additional 499 shares during the last quarter. Huntington National Bank grew its holdings in Caesars Entertainment by 3,203.8% in the third quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after purchasing an additional 833 shares during the period. UMB Bank n.a. acquired a new stake in Caesars Entertainment in the third quarter valued at approximately $51,000. GAMMA Investing LLC grew its holdings in Caesars Entertainment by 63.1% in the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $64,000 after purchasing an additional 622 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Caesars Entertainment by 77.0% in the second quarter. Signaturefd LLC now owns 2,540 shares of the company’s stock worth $101,000 after acquiring an additional 1,105 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CZR shares. JPMorgan Chase & Co. lifted their price objective on Caesars Entertainment from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their target price on Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Macquarie reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Caesars Entertainment in a research report on Wednesday, October 30th. Stifel Nicolaus raised their price target on Caesars Entertainment from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, JMP Securities reduced their price target on Caesars Entertainment from $59.00 to $57.00 and set a “market outperform” rating for the company in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Caesars Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $53.86.

Caesars Entertainment Trading Up 0.6 %

NASDAQ CZR opened at $38.49 on Monday. The stock has a market capitalization of $8.18 billion, a price-to-earnings ratio of -23.05 and a beta of 2.96. The stock’s 50 day moving average price is $41.43 and its two-hundred day moving average price is $38.41. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment, Inc. has a 52 week low of $31.74 and a 52 week high of $50.51.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.25). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the company posted $0.34 earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, analysts anticipate that Caesars Entertainment, Inc. will post -0.56 earnings per share for the current fiscal 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.