Russell Investments Group Ltd. Has $814,000 Stock Position in Caesars Entertainment Co. (NASDAQ:CZR)

Russell Investments Group Ltd. lowered its stake in Caesars Entertainment Co. (NASDAQ:CZR) by 43.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,022 shares of the company’s stock after selling 53,476 shares during the period. Russell Investments Group Ltd.’s holdings in Caesars Entertainment were worth $814,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CZR. Steward Partners Investment Advisory LLC bought a new stake in Caesars Entertainment in the second quarter valued at $26,000. Meridian Wealth Management LLC bought a new stake in Caesars Entertainment in the first quarter valued at $28,000. Machina Capital S.A.S. bought a new stake in Caesars Entertainment in the second quarter valued at $53,000. Glassman Wealth Services bought a new stake in Caesars Entertainment in the second quarter valued at $54,000. Finally, Cleararc Capital Inc. bought a new stake in Caesars Entertainment in the first quarter valued at $130,000.

Caesars Entertainment stock traded up $0.07 during midday trading on Monday, hitting $11.97. 178,330 shares of the stock were exchanged, compared to its average volume of 10,523,586. Caesars Entertainment Co. has a 52-week low of $5.84 and a 52-week high of $12.23. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of -62.95 and a beta of 1.49. The business’s 50-day moving average price is $11.59 and its 200-day moving average price is $10.26. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 6.69.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Monday, August 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Caesars Entertainment had a negative return on equity of 12.38% and a negative net margin of 2.59%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.19 billion. On average, sell-side analysts predict that Caesars Entertainment Co. will post -0.78 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on CZR shares. Deutsche Bank reaffirmed a “buy” rating and issued a $13.00 price target on shares of Caesars Entertainment in a research note on Wednesday, August 7th. Nomura downgraded shares of Caesars Entertainment from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a research report on Tuesday, June 25th. BidaskClub downgraded shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Morgan Stanley downgraded shares of Caesars Entertainment from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $11.00 to $12.50 in a research report on Tuesday, June 25th. Finally, SunTrust Banks downgraded shares of Caesars Entertainment from a “buy” rating to a “hold” rating and set a $12.75 target price for the company. in a research report on Tuesday, June 25th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.08.

In related news, VP Les Ottolenghi sold 17,499 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $11.48, for a total transaction of $200,888.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 52,114 shares of company stock worth $597,753. 0.51% of the stock is owned by corporate insiders.

About Caesars Entertainment

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 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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