102,817 Shares in Caesars Entertainment, Inc. (NASDAQ:CZR) Purchased by Trexquant Investment LP

Trexquant Investment LP bought a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 102,817 shares of the company’s stock, valued at approximately $4,820,000.

Other hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its holdings in Caesars Entertainment by 26.4% in the third quarter. Federated Hermes Inc. now owns 44,384 shares of the company’s stock valued at $2,057,000 after buying an additional 9,270 shares in the last quarter. Choreo LLC increased its holdings in Caesars Entertainment by 39.1% in the fourth quarter. Choreo LLC now owns 17,678 shares of the company’s stock valued at $829,000 after buying an additional 4,970 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Caesars Entertainment by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,052,738 shares of the company’s stock valued at $95,144,000 after buying an additional 77,595 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Caesars Entertainment in the third quarter valued at about $2,259,000. Finally, Strs Ohio increased its holdings in Caesars Entertainment by 33.2% in the fourth quarter. Strs Ohio now owns 676,706 shares of the company’s stock valued at $31,723,000 after buying an additional 168,738 shares in the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CZR. Morgan Stanley raised their price objective on shares of Caesars Entertainment from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Barclays dropped their price objective on shares of Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. B. Riley began coverage on shares of Caesars Entertainment in a research note on Thursday, May 9th. They set a “buy” rating and a $70.00 price objective for the company. TD Cowen dropped their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, Raymond James began coverage on shares of Caesars Entertainment in a research note on Tuesday. They set a “strong-buy” rating and a $55.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Caesars Entertainment has an average rating of “Moderate Buy” and a consensus price target of $55.07.

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $34.72 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 2.65. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 9.84 and a beta of 2.83. The firm’s fifty day simple moving average is $39.13 and its 200 day simple moving average is $42.64. Caesars Entertainment, Inc. has a twelve month low of $34.38 and a twelve month high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, April 30th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.52). Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.82 billion. As a group, equities research analysts expect that Caesars Entertainment, Inc. will post 0.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

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