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

by · The Markets Daily

Caesars Entertainment, Inc. (NASDAQ:CZR – Get Free Report) CMO Josh Jones sold 59,507 shares of the stock in a transaction dated 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 SEC, which is available through this hyperlink.

Caesars Entertainment Price Performance

NASDAQ CZR traded down $0.09 during trading on Monday, hitting $29.66. 2,079,885 shares of the stock traded hands, compared to its average volume of 5,921,192. The company has a market capitalization of $6.04 billion, a P/E ratio of -13.01 and a beta of 1.77. The firm has a 50-day simple moving average of $29.82 and a 200-day simple moving average of $27.11. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.70. Caesars Entertainment, Inc. has a 12-month low of $17.86 and a 12-month high of $30.88.

Caesars Entertainment (NASDAQ:CZR – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.35). The business 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%. Caesars Entertainment’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.39) EPS. As a group, analysts predict that Caesars Entertainment, Inc. will post -0.9 EPS for the current year.

Analyst Ratings Changes

CZR has been the subject of several recent analyst reports. Capital One Financial lowered Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $31.00 target price (down from $35.00) on shares of Caesars Entertainment in a research note on Friday, May 29th. Citizens Jmp lifted their target price on Caesars Entertainment from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 29th. Susquehanna raised shares of Caesars Entertainment from a “positive” rating to a “positive” rating in a research note on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $31.00 price target (down from $35.00) on shares of Caesars Entertainment in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.71.

Check Out Our Latest Research Report on CZR

Hedge Funds Weigh In On Caesars Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in Caesars Entertainment by 47.7% in the first quarter. AQR Capital Management LLC now owns 39,297 shares of the company’s stock worth $953,000 after acquiring an additional 12,698 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Caesars Entertainment by 8.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,830 shares of the company’s stock valued at $496,000 after purchasing an additional 1,623 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Caesars Entertainment by 106.9% in 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 during the period. Woodline Partners LP boosted its stake in shares of Caesars Entertainment by 40.7% during the first quarter. Woodline Partners LP now owns 17,952 shares of the company’s stock valued at $449,000 after purchasing an additional 5,192 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Caesars Entertainment by 0.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 506,585 shares of the company’s stock valued at $12,665,000 after purchasing an additional 3,198 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

About Caesars Entertainment

(Get Free Report)

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.

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