WINTON GROUP Ltd Invests $14.09 Million in Caesars Entertainment, Inc. $CZR

WINTON GROUP Ltd purchased a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) in the second quarter, HoldingsChannel reports. The fund purchased 467,000 shares of the company’s stock, valued at approximately $14,094,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CZR. BlackRock Inc. bought a new stake in shares of Caesars Entertainment in the 2nd quarter valued at approximately $830,001,000. Pentwater Capital Management LP bought a new position in shares of Caesars Entertainment during the 2nd quarter valued at approximately $346,014,000. California State Teachers Retirement System raised its holdings in Caesars Entertainment by 2,852.0% during the 2nd quarter. California State Teachers Retirement System now owns 6,750,029 shares of the company’s stock valued at $223,659,000 after buying an additional 6,521,369 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Caesars Entertainment by 246,899,900.0% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,938,000 shares of the company’s stock valued at $115,500,000 after buying an additional 4,937,998 shares during the period. Finally, Morgan Stanley lifted its position in Caesars Entertainment by 121.0% in the fourth quarter. Morgan Stanley now owns 7,141,899 shares of the company’s stock worth $167,049,000 after buying an additional 3,910,430 shares during the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Insider Transactions at Caesars Entertainment

In other news, Director Blackhurst Janis L. Jones sold 33,899 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $29.63, for a total transaction of $1,004,427.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael E. Pegram sold 16,897 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $29.46, for a total value of $497,785.62. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 318,437 shares of company stock valued at $9,435,690. Company insiders own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CZR shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $31.00 target price (down from $35.00) on shares of Caesars Entertainment in a research note on Monday, June 1st. TD Cowen downgraded shares of Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a report on Wednesday, July 29th. Barclays reissued an “equal weight” rating and issued a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a research note on Thursday, July 9th. Capital One Financial cut Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Finally, Raymond James Financial lowered Caesars Entertainment from a “strong-buy” rating to a “market perform” rating in a research note on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $30.71.

Caesars Entertainment Trading Up 0.0%

Shares of CZR opened at $29.67 on Thursday. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of -13.01 and a beta of 1.75. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.85 and a quick ratio of 0.83. Caesars Entertainment, Inc. has a 1-year low of $17.86 and a 1-year high of $30.88. The company has a 50-day moving average of $29.84 and a 200 day moving average of $28.28.

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

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.