BT Wealth Management LLC Acquires Shares of 12,600 Caesars Entertainment Co. (CZR)
BT Wealth Management LLC acquired a new stake in shares of Caesars Entertainment Co. (NASDAQ:CZR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,600 shares of the company’s stock, valued at approximately $118,000.
A number of other hedge funds have also modified their holdings of CZR. Macquarie Group Ltd. purchased a new position in Caesars Entertainment in the fourth quarter worth $1,019,000. Sound Point Capital Management LP grew its holdings in Caesars Entertainment by 53.8% in the fourth quarter. Sound Point Capital Management LP now owns 1,000,000 shares of the company’s stock worth $6,790,000 after purchasing an additional 350,000 shares during the last quarter. Canyon Capital Advisors LLC grew its holdings in Caesars Entertainment by 3.1% in the fourth quarter. Canyon Capital Advisors LLC now owns 69,971,232 shares of the company’s stock worth $475,105,000 after purchasing an additional 2,096,859 shares during the last quarter. Oaktree Capital Management LP purchased a new position in Caesars Entertainment in the fourth quarter worth $67,900,000. Finally, Legal & General Group Plc grew its holdings in Caesars Entertainment by 7.1% in the fourth quarter. Legal & General Group Plc now owns 165,544 shares of the company’s stock worth $1,124,000 after purchasing an additional 10,926 shares during the last quarter.
Several equities analysts have issued reports on the stock. Deutsche Bank reaffirmed a “buy” rating and issued a $11.00 price target on shares of Caesars Entertainment in a report on Monday, February 25th. Zacks Investment Research lowered shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a report on Friday, March 1st. BidaskClub raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Bank of America lowered shares of Caesars Entertainment from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $8.75 to $9.00 in a report on Wednesday, January 16th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $13.00 price target on shares of Caesars Entertainment in a report on Wednesday, March 20th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $11.75.
Shares of CZR opened at $8.67 on Monday. The firm has a market cap of $5.81 billion, a PE ratio of -45.63 and a beta of 1.20. The company has a debt-to-equity ratio of 5.65, a quick ratio of 1.11 and a current ratio of 1.13. Caesars Entertainment Co. has a 1-year low of $5.84 and a 1-year high of $13.54.
Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Thursday, February 21st. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Caesars Entertainment had a net margin of 3.61% and a negative return on equity of 4.12%. Caesars Entertainment’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned $2.48 earnings per share. Sell-side analysts anticipate that Caesars Entertainment Co. will post -0.36 EPS for the current fiscal year.
Caesars Entertainment Profile
Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.
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