251,201 Shares in Caesars Entertainment, Inc. $CZR Bought by Point Break Capital Management LLC

Point Break Capital Management LLC acquired a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 251,201 shares of the company’s stock, valued at approximately $7,581,000. Caesars Entertainment accounts for approximately 8.3% of Point Break Capital Management LLC’s holdings, making the stock its 6th largest position. Point Break Capital Management LLC owned approximately 0.12% of Caesars Entertainment as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of Caesars Entertainment by 47.7% in the 1st quarter. AQR Capital Management LLC now owns 39,297 shares of the company’s stock valued at $953,000 after acquiring an additional 12,698 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Caesars Entertainment by 8.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,830 shares of the company’s stock worth $496,000 after purchasing an additional 1,623 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Caesars Entertainment by 106.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,599,273 shares of the company’s stock worth $39,982,000 after purchasing an additional 826,356 shares during the last quarter. Woodline Partners LP increased its position in shares of Caesars Entertainment by 40.7% in the first quarter. Woodline Partners LP now owns 17,952 shares of the company’s stock worth $449,000 after purchasing an additional 5,192 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Caesars Entertainment by 0.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 506,585 shares of the company’s stock valued at $12,665,000 after purchasing an additional 3,198 shares in the last quarter. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram sold 16,897 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $29.46, for a total value of $497,785.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Bret Yunker sold 208,134 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $29.62, for a total transaction of $6,164,929.08. The SEC filing for this sale provides additional information. Insiders sold a total of 561,104 shares of company stock worth $16,542,718 over the last 90 days. Company insiders own 1.18% of the company’s stock.

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $29.66 on Thursday. The business has a 50 day moving average of $29.86 and a 200 day moving average of $27.60. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of -13.01 and a beta of 1.77. Caesars Entertainment, Inc. has a 1-year low of $17.86 and a 1-year high of $30.88. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.85 and a quick ratio of 0.83.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Capital One Financial lowered shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Wells Fargo & Company increased their price target on shares of Caesars Entertainment from $26.00 to $31.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. Raymond James Financial cut shares of Caesars Entertainment from a “strong-buy” rating to a “market perform” rating in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a report on Monday, June 1st. Finally, Stifel Nicolaus lowered shares of Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a research report on Monday, June 15th. Two investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $30.71.

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.