Caesars Entertainment (NASDAQ:CZR) CMO Josh Jones Sells 59,507 Shares of Stock

Caesars Entertainment, Inc. (NASDAQ:CZR) CMO Josh Jones sold 59,507 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $29.72, for a total transaction of $1,768,548.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Caesars Entertainment Stock Performance

Caesars Entertainment stock opened at $29.66 on Tuesday. Caesars Entertainment, Inc. has a 1-year low of $17.86 and a 1-year high of $30.88. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 3.70. The firm has a market capitalization of $6.04 billion, a PE ratio of -13.01 and a beta of 1.77. The firm’s 50 day simple moving average is $29.82 and its 200 day simple moving average is $27.17.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, July 28th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.35). The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.98 billion. Caesars Entertainment had a negative net margin of 3.99% and a negative return on equity of 7.64%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.39) earnings per share. As a group, analysts expect that Caesars Entertainment, Inc. will post -0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CZR shares. Capital One Financial cut Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Citizens Jmp lifted their price target on Caesars Entertainment from $34.00 to $35.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 29th. Wells Fargo & Company raised their target price on shares of Caesars Entertainment from $26.00 to $31.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 2nd. TD Cowen lowered shares of Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a research report on Wednesday, July 29th. Finally, Susquehanna raised shares of Caesars Entertainment from a “positive” rating to a “positive” rating in a research note on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $30.71.

Hedge Funds Weigh In On Caesars Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of CZR. Allworth Financial LP purchased a new position in shares of Caesars Entertainment during the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd lifted its position in Caesars Entertainment by 456.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock worth $26,000 after buying an additional 918 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in Caesars Entertainment by 181.6% in the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock worth $28,000 after buying an additional 672 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Caesars Entertainment by 87.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,817 shares of the company’s stock worth $42,000 after buying an additional 846 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Caesars Entertainment by 59.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,882 shares of the company’s stock valued at $50,000 after acquiring an additional 702 shares during the last quarter. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Caesars Entertainment Company 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.