TD Waterhouse Canada Inc. Purchases 113,392 Shares of Caesars Entertainment, Inc. $CZR

TD Waterhouse Canada Inc. increased its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 26,309.0% in the 3rd quarter, Holdings Channel reports. The firm owned 113,823 shares of the company’s stock after buying an additional 113,392 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Caesars Entertainment were worth $3,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of CZR. BlackRock Inc. acquired a new position in shares of Caesars Entertainment in the 2nd quarter valued at $830,001,000. Pentwater Capital Management LP acquired a new stake in shares of Caesars Entertainment during the 2nd quarter valued at about $346,014,000. Bank of America Corp DE bought a new stake in Caesars Entertainment in the second quarter valued at about $96,169,000. Bamco Inc. NY bought a new stake in Caesars Entertainment in the second quarter valued at about $49,624,000. Finally, Cyrus Capital Partners L.P. bought a new stake in Caesars Entertainment in the first quarter valued at about $37,795,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Stock Up 0.2%

CZR opened at $29.09 on Wednesday. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of -12.76 and a beta of 1.85. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.83 and a current ratio of 0.85. The firm’s 50-day simple moving average is $29.59 and its 200-day simple moving average is $29.07. Caesars Entertainment, Inc. has a twelve month low of $17.86 and a twelve month high of $30.88.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, July 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.35). The firm had revenue of $2.99 billion for 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 company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.39) earnings per share. Equities research analysts anticipate that Caesars Entertainment, Inc. will post -0.90 EPS for the current fiscal year.

Insider Activity

In other news, Director Janis Jones Blackhurst sold 33,899 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $29.63, for a total transaction of $1,004,427.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Josh Jones sold 59,507 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $29.72, for a total value of $1,768,548.04. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 322,682 shares of company stock valued at $9,565,403 over the last three months. 1.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on CZR shares. TD Cowen cut shares of Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a research note on Wednesday, July 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Caesars Entertainment in a research note on Thursday, August 13th. Capital One Financial cut Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Barclays restated an “equal weight” rating and set a $31.00 target price (down from $35.00) on shares of Caesars Entertainment in a research report on Thursday, July 9th. Finally, Zacks Research raised Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $30.71.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc is a gaming, hospitality and entertainment company that operates casino resorts and related businesses primarily in the United States. Its properties offer casino gaming, hotel accommodations, restaurants, bars, entertainment venues, meeting and convention facilities, and other leisure amenities.

The company operates well-known destinations in Las Vegas, including Caesars Palace, Paris Las Vegas, Planet Hollywood Resort & Casino, and The Cromwell, as well as regional casinos and resorts across several U.S.