Capula Management Ltd Invests $526,000 in Caesars Entertainment, Inc. $CZR

Capula Management Ltd acquired a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the third quarter, HoldingsChannel reports. The firm acquired 19,457 shares of the company’s stock, valued at approximately $526,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. California Public Employees Retirement System increased its holdings in Caesars Entertainment by 5.9% during the 3rd quarter. California Public Employees Retirement System now owns 378,771 shares of the company’s stock worth $10,236,000 after purchasing an additional 21,150 shares in the last quarter. Aquatic Capital Management LLC raised its stake in shares of Caesars Entertainment by 710.0% in the 3rd quarter. Aquatic Capital Management LLC now owns 571,631 shares of the company’s stock valued at $15,448,000 after purchasing an additional 501,055 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Caesars Entertainment by 156.0% in the third quarter. Ameriprise Financial Inc. now owns 393,575 shares of the company’s stock valued at $10,636,000 after purchasing an additional 239,811 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of Caesars Entertainment by 656.4% during the third quarter. Schonfeld Strategic Advisors LLC now owns 91,437 shares of the company’s stock worth $2,471,000 after buying an additional 79,348 shares during the period. Finally, Creative Planning boosted its position in shares of Caesars Entertainment by 21.4% during the third quarter. Creative Planning now owns 20,381 shares of the company’s stock worth $551,000 after buying an additional 3,588 shares during the period. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $28.06 on Friday. The stock has a 50 day moving average price of $22.99 and a 200 day moving average price of $23.33. 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 3.17, a quick ratio of 0.78 and a current ratio of 0.80. The stock has a market capitalization of $5.71 billion, a PE ratio of -11.55 and a beta of 1.94.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, February 17th. The company reported ($1.23) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($1.05). Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period last year, the firm earned $0.05 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on Caesars Entertainment from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Stifel Nicolaus reduced their price target on Caesars Entertainment from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Barclays decreased 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 note on Wednesday, February 18th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Caesars Entertainment in a report on Wednesday, January 21st. Finally, Truist Financial reduced their target price on shares of Caesars Entertainment from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.65.

Caesars Entertainment Profile

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.