Capula Management Ltd Acquires Shares of 19,457 Caesars Entertainment, Inc. $CZR

Capula Management Ltd bought a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,457 shares of the company’s stock, valued at approximately $526,000.

Other large investors also recently made changes to their positions in the company. Capital World Investors boosted its position in shares of Caesars Entertainment by 29.8% in 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 during the last quarter. State Street Corp increased its holdings in Caesars Entertainment by 0.8% in the second quarter. State Street Corp now owns 7,569,822 shares of the company’s stock valued at $214,907,000 after purchasing an additional 61,065 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in Caesars Entertainment by 3.0% in the third quarter. DAVENPORT & Co LLC now owns 4,320,758 shares of the company’s stock valued at $116,768,000 after buying an additional 123,865 shares during the period. Norges Bank acquired a new position in Caesars Entertainment in the second quarter valued at about $79,604,000. Finally, Amundi boosted its holdings in Caesars Entertainment by 82.1% during the second quarter. Amundi now owns 2,025,951 shares of the company’s stock worth $60,049,000 after buying an additional 913,275 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Wall Street Analyst Weigh In

CZR has been the subject of several analyst reports. Citizens Jmp decreased their target price on Caesars Entertainment from $37.00 to $34.00 and set a “market outperform” rating for the company in a research report on Wednesday, February 18th. Barclays reduced their price objective on shares of Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Morgan Stanley boosted their price objective on shares of Caesars Entertainment from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday. TD Cowen reaffirmed a “buy” rating on shares of Caesars Entertainment in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Caesars Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.65.

Caesars Entertainment Stock Down 1.2%

Shares of Caesars Entertainment stock opened at $28.06 on Friday. The company has a market capitalization of $5.71 billion, a P/E ratio of -11.55 and a beta of 1.94. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.80 and a quick ratio of 0.78. The business has a 50-day moving average of $22.99 and a two-hundred day moving average of $23.33. Caesars Entertainment, Inc. has a 1 year low of $17.86 and a 1 year high of $31.58.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, February 17th. The company reported ($1.23) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($1.05). Caesars Entertainment had a negative net margin of 4.37% and a negative return on equity of 7.97%. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter last year, the firm earned $0.05 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Caesars Entertainment 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.