Y Intercept Hong Kong Ltd Buys 128,784 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Y Intercept Hong Kong Ltd lifted its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 774.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 145,421 shares of the company’s stock after buying an additional 128,784 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Caesars Entertainment were worth $6,070,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CZR. QRG Capital Management Inc. grew its position in Caesars Entertainment by 17.0% in the 2nd quarter. QRG Capital Management Inc. now owns 7,332 shares of the company’s stock worth $291,000 after purchasing an additional 1,068 shares in the last quarter. Czech National Bank grew its holdings in shares of Caesars Entertainment by 8.7% in the second quarter. Czech National Bank now owns 41,240 shares of the company’s stock valued at $1,639,000 after acquiring an additional 3,291 shares in the last quarter. Aspire Private Capital LLC increased its position in shares of Caesars Entertainment by 17.5% during the second quarter. Aspire Private Capital LLC now owns 4,108 shares of the company’s stock valued at $163,000 after acquiring an additional 612 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in Caesars Entertainment by 30.2% during the second quarter. V Square Quantitative Management LLC now owns 5,857 shares of the company’s stock worth $233,000 after acquiring an additional 1,359 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in Caesars Entertainment by 31.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,668 shares of the company’s stock worth $265,000 after purchasing an additional 1,591 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $37.60 on Monday. Caesars Entertainment, Inc. has a 52-week low of $31.74 and a 52-week high of $50.51. The business’s fifty day moving average is $41.14 and its 200 day moving average is $38.53. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of -22.51 and a beta of 2.89.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 earnings per share. Research analysts predict that Caesars Entertainment, Inc. will post -0.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CZR. Stifel Nicolaus lifted their target price on Caesars Entertainment from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. JMP Securities lowered their price objective on shares of Caesars Entertainment from $59.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Monday, November 25th. JPMorgan Chase & Co. boosted their target price on shares of Caesars Entertainment from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company dropped their price objective on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.86.

Caesars Entertainment 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.