Eagle Asset Management Inc. Purchases 431,443 Shares of Caesars Entertainment Co. (CZR)

Eagle Asset Management Inc. lifted its position in shares of Caesars Entertainment Co. (NASDAQ:CZR) by 153.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 712,266 shares of the company’s stock after buying an additional 431,443 shares during the period. Eagle Asset Management Inc. owned about 0.11% of Caesars Entertainment worth $7,300,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CZR. Dimensional Fund Advisors LP boosted its stake in shares of Caesars Entertainment by 584.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 267,697 shares of the company’s stock valued at $3,012,000 after buying an additional 228,593 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Caesars Entertainment during the 2nd quarter valued at approximately $655,000. Amalgamated Bank boosted its stake in shares of Caesars Entertainment by 526.7% during the 2nd quarter. Amalgamated Bank now owns 112,780 shares of the company’s stock valued at $1,207,000 after buying an additional 94,785 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new position in shares of Caesars Entertainment during the 2nd quarter valued at approximately $2,163,000. Finally, Comerica Bank purchased a new position in shares of Caesars Entertainment during the 2nd quarter valued at approximately $290,000.

In other news, Director Thomas M. Benninger acquired 41,000 shares of Caesars Entertainment stock in a transaction that occurred on Tuesday, November 20th. The shares were purchased at an average cost of $7.79 per share, for a total transaction of $319,390.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marco Roca sold 17,834 shares of the firm’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $8.21, for a total value of $146,417.14. The disclosure for this sale can be found here. Company insiders own 4.60% of the company’s stock.

Shares of CZR opened at $8.22 on Friday. Caesars Entertainment Co. has a 12-month low of $7.64 and a 12-month high of $14.50. The firm has a market cap of $5.49 billion, a P/E ratio of 81.90, a PEG ratio of 12.80 and a beta of 0.81. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 5.93.

Several equities analysts have recently commented on the company. Sanford C. Bernstein assumed coverage on Caesars Entertainment in a research note on Thursday, November 15th. They set a “market perform” rating for the company. BidaskClub cut Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, November 10th. Zacks Investment Research upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. Morgan Stanley set a $12.00 target price on Caesars Entertainment and gave the company a “buy” rating in a research note on Friday, November 2nd. Finally, Jefferies Financial Group set a $11.00 target price on Caesars Entertainment and gave the company a “hold” rating in a research note on Friday, November 2nd. Three equities 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 company. The stock has a consensus rating of “Hold” and an average price target of $13.10.

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About Caesars Entertainment

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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Institutional Ownership by Quarter for Caesars Entertainment (NASDAQ:CZR)

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