Russell Investments Group Ltd. trimmed its stake in shares of Caesars Entertainment Co. (NASDAQ:CZR) by 14.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 207,986 shares of the company’s stock after selling 35,986 shares during the period. Russell Investments Group Ltd.’s holdings in Caesars Entertainment were worth $2,132,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of CZR. Global Thematic Partners LLC raised its holdings in shares of Caesars Entertainment by 15.9% in the 3rd quarter. Global Thematic Partners LLC now owns 4,707,059 shares of the company’s stock valued at $48,248,000 after purchasing an additional 646,211 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Caesars Entertainment in the 3rd quarter valued at about $217,000. Oakbrook Investments LLC bought a new stake in shares of Caesars Entertainment in the 3rd quarter valued at about $148,000. Selz Capital LLC raised its holdings in shares of Caesars Entertainment by 2.1% in the 3rd quarter. Selz Capital LLC now owns 3,175,483 shares of the company’s stock valued at $32,548,000 after purchasing an additional 65,000 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Caesars Entertainment by 25.7% in the 2nd quarter. Northern Trust Corp now owns 1,895,192 shares of the company’s stock valued at $20,279,000 after purchasing an additional 386,989 shares in the last quarter.
Several research firms have recently commented on CZR. BidaskClub lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, October 25th. Credit Suisse Group assumed coverage on shares of Caesars Entertainment in a research note on Tuesday, September 11th. They set an “outperform” rating and a $13.00 price objective for the company. Jefferies Financial Group set a $11.00 price objective on shares of Caesars Entertainment and gave the stock a “hold” rating in a research note on Friday, November 2nd. Zacks Investment Research upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Monday, September 24th. Finally, Morgan Stanley set a $12.00 price objective on shares of Caesars Entertainment and gave the stock a “buy” rating in a research note on Friday, November 2nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $13.10.
Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Thursday, November 1st. The company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.19 billion. Caesars Entertainment had a net margin of 25.75% and a return on equity of 2.26%. Research analysts forecast that Caesars Entertainment Co. will post 0.06 earnings per share for the current fiscal year.
In related news, Director Thomas M. Benninger bought 41,000 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were bought at an average price of $7.79 per share, with a total value of $319,390.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Marco Roca sold 17,834 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $8.21, for a total transaction of $146,417.14. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by insiders.
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Caesars Entertainment Company Profile
Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 36,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.
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