Goldman Sachs Group Inc. Has $111.67 Million Position in Caesars Entertainment, Inc. $CZR

Goldman Sachs Group Inc. lessened its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 25.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,774,398 shares of the company’s stock after selling 1,635,862 shares during the period. Goldman Sachs Group Inc.’s holdings in Caesars Entertainment were worth $111,673,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. CoreCap Advisors LLC lifted its position in shares of Caesars Entertainment by 44.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock valued at $37,000 after acquiring an additional 488 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in shares of Caesars Entertainment by 1.0% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 52,133 shares of the company’s stock valued at $1,220,000 after acquiring an additional 493 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Caesars Entertainment by 110.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock valued at $26,000 after acquiring an additional 510 shares during the period. Corient Private Wealth LLC lifted its position in shares of Caesars Entertainment by 3.5% during the 2nd quarter. Corient Private Wealth LLC now owns 16,155 shares of the company’s stock valued at $459,000 after acquiring an additional 549 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Caesars Entertainment by 1.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,008 shares of the company’s stock valued at $959,000 after acquiring an additional 562 shares during the period. Institutional investors and hedge funds own 91.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a report on Monday, June 1st. Barclays lowered their price objective on shares of Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Caesars Entertainment in a report on Monday, May 18th. Finally, Texas Capital downgraded shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Caesars Entertainment presently has a consensus rating of “Hold” and an average price target of $32.80.

Caesars Entertainment Stock Performance

CZR opened at $29.32 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 3.25. The company’s fifty day moving average price is $27.61 and its two-hundred day moving average price is $24.94. Caesars Entertainment, Inc. has a 1-year low of $17.86 and a 1-year high of $31.58. The company has a market cap of $5.97 billion, a price-to-earnings ratio of -12.37 and a beta of 1.77.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, April 28th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.54) EPS. On average, analysts expect that Caesars Entertainment, Inc. will post -0.49 EPS for the current fiscal year.

Insider Activity at Caesars Entertainment

In other news, Director Michael E. Pegram sold 55,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $29.20, for a total value of $1,606,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.18% of the stock is currently owned by corporate insiders.

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.