Aberdeen Group plc Sells 1,718 Shares of Caesars Entertainment, Inc. $CZR

Aberdeen Group plc trimmed its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 11.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,068 shares of the company’s stock after selling 1,718 shares during the period. Aberdeen Group plc’s holdings in Caesars Entertainment were worth $371,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CZR. JFS Wealth Advisors LLC grew its position in shares of Caesars Entertainment by 508.5% during the 2nd quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock valued at $25,000 after acquiring an additional 722 shares during the period. Mather Group LLC. grew its position in shares of Caesars Entertainment by 64.4% during the 1st quarter. Mather Group LLC. now owns 1,034 shares of the company’s stock valued at $26,000 after acquiring an additional 405 shares during the period. UMB Bank n.a. grew its position in shares of Caesars Entertainment by 52.0% during the 2nd quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock valued at $30,000 after acquiring an additional 359 shares during the period. Farther Finance Advisors LLC grew its position in shares of Caesars Entertainment by 168.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company’s stock valued at $32,000 after acquiring an additional 711 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Caesars Entertainment by 69.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company’s stock valued at $33,000 after acquiring an additional 478 shares during the period. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Stock Down 1.3%

Shares of NASDAQ:CZR opened at $21.45 on Friday. The firm has a fifty day moving average price of $25.39 and a two-hundred day moving average price of $26.84. The company has a debt-to-equity ratio of 6.08, a current ratio of 0.82 and a quick ratio of 0.81. Caesars Entertainment, Inc. has a one year low of $21.40 and a one year high of $45.88. The company has a market cap of $4.46 billion, a price-to-earnings ratio of -23.31 and a beta of 2.38.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, July 29th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.46). Caesars Entertainment had a negative net margin of 1.71% and a negative return on equity of 4.55%. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the business earned ($0.56) earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CZR. Cfra reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Caesars Entertainment in a report on Friday, July 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Caesars Entertainment in a report on Wednesday, October 8th. Morgan Stanley cut their price objective on shares of Caesars Entertainment from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Macquarie cut their price objective on shares of Caesars Entertainment from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, July 30th. Finally, Stifel Nicolaus cut their price objective on shares of Caesars Entertainment from $45.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Caesars Entertainment presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.13.

Caesars Entertainment Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.