Caesars Entertainment, Inc. $CZR Shares Sold by Private Wealth Partners LLC

Private Wealth Partners LLC decreased its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 9.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 226,320 shares of the company’s stock after selling 24,260 shares during the period. Private Wealth Partners LLC’s holdings in Caesars Entertainment were worth $6,116,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Caesars Entertainment during the second quarter valued at approximately $79,604,000. Nomura Holdings Inc. grew its holdings in shares of Caesars Entertainment by 654.5% in the 2nd quarter. Nomura Holdings Inc. now owns 1,787,505 shares of the company’s stock worth $50,747,000 after acquiring an additional 1,550,589 shares during the last quarter. Marshall Wace LLP purchased a new position in Caesars Entertainment in the 2nd quarter worth about $35,391,000. Amundi increased its position in shares of Caesars Entertainment by 82.1% in the second quarter. Amundi now owns 2,025,951 shares of the company’s stock worth $60,049,000 after acquiring an additional 913,275 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Caesars Entertainment by 106.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,599,273 shares of the company’s stock worth $39,982,000 after purchasing an additional 826,356 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CZR. Wall Street Zen downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. JPMorgan Chase & Co. lowered their price objective on Caesars Entertainment from $43.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Zacks Research downgraded shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 30th. Citizens Jmp dropped their price target on Caesars Entertainment from $40.00 to $37.00 and set a “market outperform” rating on the stock in a research report on Wednesday, October 29th. Finally, TD Cowen restated a “buy” rating on shares of Caesars Entertainment in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.61.

Caesars Entertainment Trading Down 2.7%

CZR stock opened at $20.70 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 6.23. Caesars Entertainment, Inc. has a twelve month low of $18.25 and a twelve month high of $40.00. The company has a market cap of $4.23 billion, a P/E ratio of -18.00, a PEG ratio of 5.78 and a beta of 2.03. The business has a fifty day moving average of $23.54 and a 200-day moving average of $24.25.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, October 28th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.88 billion. Caesars Entertainment had a negative net margin of 2.12% and a negative return on equity of 5.76%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned ($0.04) EPS. As a group, equities research analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

About Caesars Entertainment

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.