Apollon Wealth Management LLC Invests $262,000 in Caesars Entertainment, Inc. $CZR

Apollon Wealth Management LLC purchased a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,219 shares of the company’s stock, valued at approximately $262,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Caesars Entertainment by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 23,548,822 shares of the company’s stock worth $588,721,000 after acquiring an additional 183,963 shares during the period. Invesco Ltd. raised its holdings in Caesars Entertainment by 22.9% during the first quarter. Invesco Ltd. now owns 6,823,286 shares of the company’s stock worth $170,582,000 after purchasing an additional 1,269,911 shares in the last quarter. DAVENPORT & Co LLC lifted its position in Caesars Entertainment by 20.1% in the second quarter. DAVENPORT & Co LLC now owns 4,196,893 shares of the company’s stock valued at $120,199,000 after purchasing an additional 700,978 shares during the period. HG Vora Capital Management LLC lifted its position in Caesars Entertainment by 73.3% in the first quarter. HG Vora Capital Management LLC now owns 3,900,000 shares of the company’s stock valued at $97,500,000 after purchasing an additional 1,650,000 shares during the period. Finally, Hein Park Capital Management LP purchased a new stake in Caesars Entertainment in the 1st quarter valued at approximately $60,492,000. 91.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CZR shares. JMP Securities cut their target price on Caesars Entertainment from $41.00 to $40.00 and set a “market outperform” rating for the company in a research note on Friday. Zacks Research lowered Caesars Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Susquehanna cut their price objective on Caesars Entertainment from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, August 1st. Weiss Ratings restated a “sell (e+)” rating on shares of Caesars Entertainment in a research report on Wednesday, October 8th. Finally, Cfra reiterated a “hold” rating and issued a $50.00 price target on shares of Caesars Entertainment in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Caesars Entertainment has an average rating of “Moderate Buy” and an average price target of $42.13.

Caesars Entertainment Stock Down 1.3%

CZR opened at $21.45 on Friday. The company has a debt-to-equity ratio of 6.08, a quick ratio of 0.81 and a current ratio of 0.82. 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, Inc. has a one year low of $21.40 and a one year high of $45.88. The business’s fifty day moving average is $25.39 and its two-hundred day moving average is $26.84.

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

About Caesars Entertainment

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.