Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC lowered its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 6.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,588 shares of the company’s stock after selling 1,946 shares during the quarter. Larson Financial Group LLC’s holdings in Caesars Entertainment were worth $1,207,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Altshuler Shaham Ltd acquired a new stake in shares of Caesars Entertainment in the fourth quarter valued at about $45,000. Principal Securities Inc. purchased a new stake in Caesars Entertainment during the 4th quarter worth approximately $46,000. Mather Group LLC. purchased a new stake in Caesars Entertainment during the 1st quarter worth approximately $53,000. TFO Wealth Partners LLC increased its holdings in Caesars Entertainment by 22,920.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock worth $54,000 after purchasing an additional 1,146 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Caesars Entertainment during the 4th quarter worth approximately $93,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Insiders Place Their Bets

In other Caesars Entertainment news, Director Michael E. Pegram purchased 40,000 shares of Caesars Entertainment stock in a transaction on Friday, May 3rd. The stock was bought at an average price of $36.39 per share, for a total transaction of $1,455,600.00. Following the transaction, the director now owns 181,697 shares of the company’s stock, valued at approximately $6,611,953.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Caesars Entertainment news, Director Michael E. Pegram purchased 40,000 shares of Caesars Entertainment stock in a transaction on Friday, May 3rd. The stock was bought at an average price of $36.39 per share, for a total transaction of $1,455,600.00. Following the transaction, the director now owns 181,697 shares of the company’s stock, valued at approximately $6,611,953.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frank J. Fahrenkopf, Jr. sold 10,000 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $32.52, for a total value of $325,200.00. Following the completion of the sale, the director now directly owns 350 shares in the company, valued at approximately $11,382. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.

Caesars Entertainment Stock Performance

NASDAQ:CZR traded down $0.20 during midday trading on Wednesday, reaching $36.61. 3,594,172 shares of the company traded hands, compared to its average volume of 3,812,517. Caesars Entertainment, Inc. has a twelve month low of $31.74 and a twelve month high of $60.27. The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of 10.43 and a beta of 2.98. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.69 and a quick ratio of 0.67. The company has a fifty day moving average price of $36.35 and a 200 day moving average price of $40.51.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, April 30th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.52). Caesars Entertainment had a return on equity of 1.27% and a net margin of 6.68%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.82 billion. On average, analysts expect that Caesars Entertainment, Inc. will post 0.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CZR has been the topic of several analyst reports. Wells Fargo & Company dropped their price objective on Caesars Entertainment from $67.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Morgan Stanley lifted their target price on Caesars Entertainment from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Truist Financial decreased their target price on Caesars Entertainment from $58.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. JMP Securities decreased their target price on Caesars Entertainment from $62.00 to $60.00 and set a “market outperform” rating for the company in a research report on Thursday, May 2nd. Finally, Raymond James assumed coverage on Caesars Entertainment in a research report on Tuesday, May 21st. They issued a “strong-buy” rating and a $55.00 target price for the company. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.07.

Caesars Entertainment Company 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.