ING Groep NV Trims Stock Holdings in Caesars Entertainment, Inc. $CZR

ING Groep NV trimmed its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 44.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 334,000 shares of the company’s stock after selling 265,854 shares during the period. ING Groep NV owned approximately 0.16% of Caesars Entertainment worth $7,812,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of CZR. Hantz Financial Services Inc. grew its stake in Caesars Entertainment by 110.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock valued at $26,000 after buying an additional 510 shares in the last quarter. Sunbelt Securities Inc. grew its stake in Caesars Entertainment by 181.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after buying an additional 672 shares in the last quarter. CoreCap Advisors LLC grew its stake in Caesars Entertainment by 44.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock valued at $37,000 after buying an additional 488 shares in the last quarter. Stance Capital LLC purchased a new position in Caesars Entertainment in the 3rd quarter valued at approximately $43,000. Finally, Zions Bancorporation National Association UT grew its stake in Caesars Entertainment by 5,384.4% in the 3rd quarter. Zions Bancorporation National Association UT now owns 1,755 shares of the company’s stock valued at $47,000 after buying an additional 1,723 shares in the last quarter. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Michael E. Pegram sold 55,000 shares of Caesars Entertainment stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $29.20, for a total transaction of $1,606,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.18% of the company’s stock.

Caesars Entertainment Stock Performance

NASDAQ CZR opened at $29.20 on Monday. Caesars Entertainment, Inc. has a 52-week low of $17.86 and a 52-week high of $31.58. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.83 and a current ratio of 0.85. The company has a market capitalization of $5.95 billion, a P/E ratio of -12.32 and a beta of 1.77. The company has a fifty day moving average of $27.56 and a 200-day moving average of $24.88.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, April 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). Caesars Entertainment had a negative return on equity of 7.88% and a negative net margin of 4.19%.The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the prior year, the firm posted ($0.54) earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts predict that Caesars Entertainment, Inc. will post -0.49 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CZR shares. Stifel Nicolaus reduced their price objective on shares of Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Macquarie Infrastructure lowered shares of Caesars Entertainment from an “outperform” rating to a “neutral” rating in a research report on Monday, June 1st. Texas Capital lowered shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Barclays reduced their price target on shares of Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Finally, Zacks Research upgraded shares of Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Caesars Entertainment currently has a consensus rating of “Hold” and a consensus price target of $32.80.

About Caesars Entertainment

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.