WINTON GROUP Ltd Makes New Investment in Caesars Entertainment, Inc. $CZR

WINTON GROUP Ltd acquired a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 78,786 shares of the company’s stock, valued at approximately $1,843,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors grew its position in Caesars Entertainment by 29.8% during the 3rd quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock worth $437,622,000 after purchasing an additional 3,716,148 shares in the last quarter. State Street Corp grew its position in Caesars Entertainment by 0.8% during the 2nd quarter. State Street Corp now owns 7,569,822 shares of the company’s stock worth $214,907,000 after purchasing an additional 61,065 shares in the last quarter. DAVENPORT & Co LLC grew its position in Caesars Entertainment by 0.4% during the 4th quarter. DAVENPORT & Co LLC now owns 4,339,172 shares of the company’s stock worth $101,797,000 after purchasing an additional 18,414 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Caesars Entertainment by 317.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,274,430 shares of the company’s stock worth $76,589,000 after purchasing an additional 2,490,924 shares in the last quarter. Finally, Norges Bank purchased a new position in Caesars Entertainment during the 4th quarter worth approximately $76,050,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Caesars Entertainment Price Performance

CZR stock opened at $29.20 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 3.25. Caesars Entertainment, Inc. has a 1 year low of $17.86 and a 1 year high of $31.58. The company has a fifty day simple moving average of $27.56 and a 200 day simple moving average of $24.88. The firm has a market cap of $5.95 billion, a PE ratio of -12.32 and a beta of 1.77.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, April 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.24). Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period in the previous year, the firm posted ($0.54) EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts anticipate that Caesars Entertainment, Inc. will post -0.49 EPS for the current fiscal year.

Insider Activity

In related news, Director Michael E. Pegram sold 55,000 shares of Caesars Entertainment stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $29.20, for a total value of $1,606,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Susquehanna upgraded shares of Caesars Entertainment from a “positive” rating to a “positive” rating in a report on Friday, May 29th. JPMorgan Chase & Co. restated a “neutral” rating and set a $31.00 price target (down from $35.00) on shares of Caesars Entertainment in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $31.00 price target (down from $35.00) on shares of Caesars Entertainment in a report on Monday, June 1st. Finally, Citigroup boosted their price target on shares of Caesars Entertainment from $23.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Caesars Entertainment presently has an average rating of “Hold” and a consensus target price of $32.80.

Caesars Entertainment Company Profile

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.