Great West Life Assurance Co. Can Purchases Shares of 106,726 Caesars Entertainment, Inc. (NASDAQ:CZR)

Great West Life Assurance Co. It may buy a new stake in Caesars Entertainment, Inc. (NASDAQ: CZR – Get Confirmed) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 106,726 shares of the company’s stock, valued at approximately $3,440,000.

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A number of other large investors have also recently added to or reduced their stakes in CZR. Wipfli Financial Advisors LLC acquired a new stake in shares of Caesars Entertainment during the 3rd quarter worth about $25,000. Hexagon Capital Partners LLC acquired a new stake in shares of Caesars Entertainment during the 3rd quarter worth approximately $29,000. Quadrant Capital Group LLC raised its stake in Caesars Entertainment by 60.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 777 shares of the company’s stock valued at $30,000 after buying an additional 293 shares during the last quarter. American National Bank acquired a new stake in Caesars Entertainment in the 3rd quarter valued at approximately $31,000. Finally, Assetmark Inc. lifted its stake in Caesars Entertainment by 78.1% in the 3rd quarter. Assetmark Inc. now owns 1,092 shares of the company’s stock valued at $35,000 after buying an additional 479 shares in the last quarter. Institutional investors and hedge funds own 93.88% of the company’s stock.

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Caesars Entertainment High 5.9 %

Shares of NASDAQ CZR opened at $50.34 on Tuesday. The company has a debt ratio of 6.53, a quick ratio of 0.78 and a current ratio of 0.80. Caesars Entertainment, Inc. it has a 52-week low of $31.31 and a 52-week high of $89.80. The company’s 50-day moving average price is $47.18 and its 200-day moving average price is $44.33. The company has a market capitalization of $10.80 billion, a P/E ratio of -9.09 and a beta of 2.83.

Caesars Entertainment (NASDAQ:CZR – Get Ratings ) last released its earnings results on Tuesday, November 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. Caesars Entertainment has a negative margin of 11.18% and a negative return on equity of 15.21%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.84 billion. Equities analysts estimate that Caesars Entertainment, Inc. will post -1.56 earnings per share this year.

Inside Caesars Entertainment

In related news, Director Michael E. Pegram purchased 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 4. The stock was purchased at an average price of $44.74 per share, in a transaction worth $1,118,500.00. Following the transaction, the director now directly owns 96,697 shares of the company’s stock, valued at $4,326,223.78. The transaction was announced in a filing with the Securities & Exchange Commission, which can be found at this hyperlink. 0.50% of the stock is owned by company insiders.

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Wall Street Growth Analyst

Several research firms have commented on CZR. Bank of America decreased their target price on shares of Caesars Entertainment from $55.00 to $50.00 in a report on Wednesday, January 4th. StockNews.com started coverage on shares of Caesars Entertainment in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Wells Fargo & Company lifted their target price on shares of Caesars Entertainment from $64.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 2nd. Truist Financial cut their target price on shares of Caesars Entertainment from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, October 25th. Finally, Cowen cut their price target on shares of Caesars Entertainment to a “buy” rating. -$75.00 in a research report on Thursday, October 20. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $67.64.

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Caesars Company Profile

(Get a quote)

Caesars Holdings, Inc is a holding company, engaged in the provision of casino-entertainment and hospitality services. It works in the following sectors: Las Vegas, Rest of US, and all others. The All Other segment includes managed and international properties and other businesses, such as Caesars Interactive Entertainment.

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Quarterly Ownership of Caesars Entertainment Center (NASDAQ:CZR)

This quick news alert is powered by the scientific expertise and financial data from MarketBeat in order to provide readers with fast and accurate reporting. This story was reviewed by MarketBeat’s editorial team before publication. Please send any questions or comments about this story to [email protected]

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