Jump Financial LLC Sells 1,212 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Jump Financial LLC lessened its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 11.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,698 shares of the company’s stock after selling 1,212 shares during the quarter. Jump Financial LLC’s holdings in Caesars Entertainment were worth $455,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in shares of Caesars Entertainment by 938.7% in the third quarter. AQR Capital Management LLC now owns 1,043,044 shares of the company’s stock worth $48,345,000 after buying an additional 942,621 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Caesars Entertainment by 481.7% in the third quarter. Qube Research & Technologies Ltd now owns 908,030 shares of the company’s stock worth $42,087,000 after buying an additional 751,938 shares in the last quarter. Blackstone Inc. purchased a new stake in shares of Caesars Entertainment in the third quarter worth about $34,762,000. Nordea Investment Management AB lifted its holdings in shares of Caesars Entertainment by 338.0% in the fourth quarter. Nordea Investment Management AB now owns 534,723 shares of the company’s stock worth $25,223,000 after buying an additional 412,631 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Caesars Entertainment by 37.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,433,641 shares of the company’s stock worth $67,209,000 after buying an additional 387,391 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 6.3 %

Shares of Caesars Entertainment stock opened at $32.53 on Friday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.67 and a current ratio of 0.69. Caesars Entertainment, Inc. has a 52-week low of $32.51 and a 52-week high of $60.27. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 9.22 and a beta of 2.83. The company’s 50 day moving average price is $38.98 and its 200-day moving average price is $42.57.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, April 30th. The company reported ($0.55) earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $2.82 billion. Equities research analysts forecast that Caesars Entertainment, Inc. will post 0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barclays lowered their price target on shares of Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Wells Fargo & Company lowered their target price on shares of Caesars Entertainment from $67.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, April 12th. JMP Securities lowered their target price on shares of Caesars Entertainment from $62.00 to $60.00 and set a “market outperform” rating on the stock in a research note on Thursday, May 2nd. Finally, TD Cowen lowered their target price on shares of Caesars Entertainment from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.07.

Insider Activity at Caesars Entertainment

In related news, Director Michael E. Pegram purchased 40,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average price of $36.39 per share, for a total transaction of $1,455,600.00. Following the completion of the acquisition, the director now directly owns 181,697 shares in the company, valued at approximately $6,611,953.83. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Michael E. Pegram acquired 15,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $41.45 per share, with a total value of $621,750.00. Following the completion of the transaction, the director now owns 4,612 shares of the company’s stock, valued at approximately $191,167.40. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael E. Pegram purchased 40,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $36.39 per share, with a total value of $1,455,600.00. Following the transaction, the director now owns 181,697 shares in the company, valued at $6,611,953.83. The disclosure for this purchase can be found here. 0.64% of the stock is currently owned by company insiders.

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.