Caesars Entertainment Co. Common Stock (CZR) Stake Raised by Oppenheimer & Co. Inc.

Share on StockTwits

Oppenheimer & Co. Inc. increased its stake in shares of Caesars Entertainment Co. Common Stock (NASDAQ:CZR) by 120.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,759 shares of the company’s stock after purchasing an additional 27,181 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Caesars Entertainment Co. Common Stock were worth $532,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of CZR. Sawtooth Solutions LLC bought a new position in Caesars Entertainment Co. Common Stock during the second quarter valued at approximately $108,000. SCP Investment LP bought a new position in Caesars Entertainment Co. Common Stock during the first quarter valued at approximately $113,000. Laurel Wealth Advisors Inc. bought a new position in Caesars Entertainment Co. Common Stock during the first quarter valued at approximately $118,000. Oppenheimer Asset Management Inc. bought a new position in Caesars Entertainment Co. Common Stock during the first quarter valued at approximately $142,000. Finally, Usca Ria LLC bought a new position in Caesars Entertainment Co. Common Stock during the first quarter valued at approximately $145,000.

In other Caesars Entertainment Co. Common Stock news, EVP Christopher J. Holdren purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, August 7th. The shares were purchased at an average price of $9.85 per share, for a total transaction of $49,250.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Eric A. Hession purchased 10,000 shares of the firm’s stock in a transaction on Friday, August 3rd. The shares were acquired at an average price of $9.54 per share, for a total transaction of $95,400.00. The disclosure for this purchase can be found here. Insiders have purchased 125,000 shares of company stock worth $1,199,150 in the last ninety days. 4.60% of the stock is currently owned by insiders.

CZR stock traded up $0.20 on Friday, reaching $10.65. 12,864,936 shares of the company were exchanged, compared to its average volume of 11,319,094. Caesars Entertainment Co. Common Stock has a 12 month low of $8.55 and a 12 month high of $14.50. The firm has a market capitalization of $7.18 billion, a P/E ratio of -3.16 and a beta of 0.47. The company has a current ratio of 1.98, a quick ratio of 1.96 and a debt-to-equity ratio of 5.52.

Caesars Entertainment Co. Common Stock (NASDAQ:CZR) last announced its earnings results on Wednesday, August 1st. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.03. Caesars Entertainment Co. Common Stock had a net margin of 21.90% and a negative return on equity of 4.71%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the previous year, the firm posted ($9.62) earnings per share. Caesars Entertainment Co. Common Stock’s revenue was up 110.2% compared to the same quarter last year. equities research analysts anticipate that Caesars Entertainment Co. Common Stock will post -0.04 EPS for the current fiscal year.

A number of equities analysts have recently commented on CZR shares. ValuEngine lowered shares of Caesars Entertainment Co. Common Stock from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Deutsche Bank started coverage on shares of Caesars Entertainment Co. Common Stock in a research report on Tuesday, September 4th. They issued a “buy” rating and a $14.00 price target on the stock. Bank of America dropped their price target on shares of Caesars Entertainment Co. Common Stock from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, August 2nd. Jefferies Financial Group set a $11.00 price target on shares of Caesars Entertainment Co. Common Stock and gave the company a “hold” rating in a research report on Thursday, August 2nd. Finally, BidaskClub lowered shares of Caesars Entertainment Co. Common Stock from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 4th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $14.00.

About Caesars Entertainment Co. Common Stock

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.

Recommended Story: Google Finance Portfolio

Institutional Ownership by Quarter for Caesars Entertainment Co. Common Stock (NASDAQ:CZR)

Receive News & Ratings for Caesars Entertainment Co. Common Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caesars Entertainment Co. Common Stock and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply