Orvieto Partners L.P. Lowers Holdings in Caesars Entertainment, Inc. $CZR

Orvieto Partners L.P. decreased its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 60.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,847 shares of the company’s stock after selling 110,000 shares during the period. Caesars Entertainment accounts for about 1.8% of Orvieto Partners L.P.’s portfolio, making the stock its 20th biggest holding. Orvieto Partners L.P.’s holdings in Caesars Entertainment were worth $2,011,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. JFS Wealth Advisors LLC lifted its holdings in Caesars Entertainment by 508.5% in the 2nd quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock worth $25,000 after purchasing an additional 722 shares in the last quarter. UMB Bank n.a. grew its holdings in 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 buying an additional 359 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Caesars Entertainment by 168.5% during the second quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company’s stock valued at $32,000 after buying an additional 711 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Caesars Entertainment by 69.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company’s stock worth $33,000 after buying an additional 478 shares in the last quarter. Finally, Hilltop National Bank bought a new position in shares of Caesars Entertainment during the second quarter worth $35,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CZR. Truist Financial reduced their price target on shares of Caesars Entertainment from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Wells Fargo & Company initiated coverage on Caesars Entertainment in a research report on Tuesday, November 18th. They set an “equal weight” rating and a $21.00 price objective for the company. Stifel Nicolaus decreased their target price on Caesars Entertainment from $43.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft dropped their price target on Caesars Entertainment from $50.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Finally, Wall Street Zen downgraded Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Caesars Entertainment has an average rating of “Moderate Buy” and a consensus target price of $35.39.

Caesars Entertainment Trading Up 1.3%

Shares of NASDAQ CZR opened at $23.24 on Monday. Caesars Entertainment, Inc. has a 1-year low of $18.25 and a 1-year high of $40.00. The company has a debt-to-equity ratio of 6.23, a current ratio of 0.78 and a quick ratio of 0.76. The business’s 50 day moving average is $22.15 and its two-hundred day moving average is $25.43. The stock has a market capitalization of $4.74 billion, a P/E ratio of -20.21 and a beta of 2.04.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, October 28th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.16). The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Caesars Entertainment had a negative net margin of 2.12% and a negative return on equity of 5.76%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.04) EPS. As a group, research analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Caesars Entertainment Company 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.