Falcon Point Capital LLC Takes Position in Caesars Entertainment Co. (CZR)

Falcon Point Capital LLC acquired a new position in shares of Caesars Entertainment Co. (NASDAQ:CZR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,092 shares of the company’s stock, valued at approximately $105,000.

Several other institutional investors also recently made changes to their positions in CZR. Quadrant Capital Group LLC bought a new stake in shares of Caesars Entertainment during the 1st quarter worth approximately $25,000. AlphaCrest Capital Management LLC bought a new stake in Caesars Entertainment in the 4th quarter valued at $74,000. Lehman & Derafelo Financial Resources LLC bought a new stake in Caesars Entertainment in the 4th quarter valued at $75,000. Alps Advisors Inc. bought a new stake in Caesars Entertainment in the 4th quarter valued at $85,000. Finally, OLD Mission Capital LLC bought a new stake in Caesars Entertainment in the 4th quarter valued at $88,000.

CZR opened at $9.03 on Tuesday. Caesars Entertainment Co. has a 1-year low of $5.84 and a 1-year high of $13.05. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 6.02. The firm has a market capitalization of $6.07 billion, a P/E ratio of -47.53 and a beta of 1.21.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.13). The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.08 billion. Caesars Entertainment had a negative return on equity of 9.84% and a net margin of 1.41%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.05) EPS. As a group, equities analysts expect that Caesars Entertainment Co. will post -0.39 earnings per share for the current year.

A number of equities research analysts recently weighed in on CZR shares. Credit Suisse Group restated an “outperform” rating and issued a $13.00 price target on shares of Caesars Entertainment in a research note on Wednesday, March 20th. Zacks Investment Research cut Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research note on Friday, March 1st. UBS Group increased their price target on Caesars Entertainment from $7.00 to $9.50 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. BidaskClub cut Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. Finally, Deutsche Bank restated a “buy” rating and issued a $11.00 price target on shares of Caesars Entertainment in a research note on Monday, February 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $12.06.

In other Caesars Entertainment news, VP Les Ottolenghi sold 28,500 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $8.61, for a total transaction of $245,385.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 97,460 shares of company stock worth $840,337 in the last quarter. Company insiders own 0.92% of the company’s stock.

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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 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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