Deltec Asset Management LLC Boosts Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

Deltec Asset Management LLC grew its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 7.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 415,903 shares of the company’s stock after acquiring an additional 30,500 shares during the period. Caesars Entertainment accounts for approximately 3.4% of Deltec Asset Management LLC’s investment portfolio, making the stock its 8th biggest position. Deltec Asset Management LLC owned 0.19% of Caesars Entertainment worth $17,360,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors increased its position in Caesars Entertainment by 26.9% in the 1st quarter. Capital Research Global Investors now owns 15,505,033 shares of the company’s stock valued at $678,190,000 after acquiring an additional 3,289,748 shares during the period. Nut Tree Capital Management LP increased its holdings in Caesars Entertainment by 340.0% in the first quarter. Nut Tree Capital Management LP now owns 2,200,000 shares of the company’s stock valued at $96,228,000 after purchasing an additional 1,700,000 shares during the period. EdgePoint Investment Group Inc. raised its position in Caesars Entertainment by 35.4% during the 1st quarter. EdgePoint Investment Group Inc. now owns 5,799,067 shares of the company’s stock worth $253,651,000 after purchasing an additional 1,515,763 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Caesars Entertainment by 6,568.4% during the 3rd quarter. SG Americas Securities LLC now owns 1,439,911 shares of the company’s stock worth $60,102,000 after buying an additional 1,418,318 shares during the period. Finally, Helikon Investments Ltd bought a new stake in shares of Caesars Entertainment in the 2nd quarter valued at about $37,763,000. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 0.5 %

Shares of NASDAQ:CZR opened at $45.28 on Wednesday. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.68 and a current ratio of 0.70. Caesars Entertainment, Inc. has a 52-week low of $31.74 and a 52-week high of $50.51. The business’s 50 day simple moving average is $40.90 and its two-hundred day simple moving average is $38.14. The firm has a market cap of $9.80 billion, a P/E ratio of 12.83 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.68). Caesars Entertainment had a negative return on equity of 2.57% and a negative net margin of 2.44%. The firm had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the previous year, the company earned $0.82 earnings per share. Caesars Entertainment’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, research analysts forecast that Caesars Entertainment, Inc. will post -0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CZR. StockNews.com downgraded Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Susquehanna restated a “negative” rating and issued a $33.00 price target on shares of Caesars Entertainment in a research report on Wednesday, July 31st. Morgan Stanley increased their price objective on shares of Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company upped their price target on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, JMP Securities reiterated a “market outperform” rating and set a $59.00 price target on shares of Caesars Entertainment in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.54.

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.