Janus Henderson Group PLC Acquires New Position in Caesars Entertainment Co. (CZR)

Janus Henderson Group PLC Acquires New Position in Caesars Entertainment Co. (CZR)

Janus Henderson Group PLC purchased a new position in Caesars Entertainment Co. (NASDAQ:CZR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,582,616 shares of the company’s stock, valued at approximately $13,753,000.

Several other institutional investors have also bought and sold shares of the company. Canyon Capital Advisors LLC increased its holdings in shares of Caesars Entertainment by 3.1% in the 4th quarter. Canyon Capital Advisors LLC now owns 69,971,232 shares of the company’s stock worth $475,105,000 after acquiring an additional 2,096,859 shares during the period. Vanguard Group Inc increased its holdings in shares of Caesars Entertainment by 16.3% in the 3rd quarter. Vanguard Group Inc now owns 52,126,701 shares of the company’s stock worth $534,298,000 after acquiring an additional 7,294,525 shares during the period. Shapiro Capital Management LLC increased its holdings in shares of Caesars Entertainment by 5.2% in the 4th quarter. Shapiro Capital Management LLC now owns 25,251,911 shares of the company’s stock worth $171,460,000 after acquiring an additional 1,243,049 shares during the period. Oaktree Capital Management LP acquired a new stake in shares of Caesars Entertainment in the 4th quarter worth about $67,900,000. Finally, Geode Capital Management LLC increased its holdings in shares of Caesars Entertainment by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 5,677,102 shares of the company’s stock worth $38,547,000 after acquiring an additional 188,947 shares during the period.

Shares of CZR opened at $9.09 on Thursday. The company has a market capitalization of $6.03 billion, a PE ratio of -47.84 and a beta of 1.21. The company has a debt-to-equity ratio of 6.02, a quick ratio of 1.10 and a current ratio of 1.12. Caesars Entertainment Co. has a 12-month low of $5.84 and a 12-month high of $13.54.

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

CZR has been the topic of several research analyst reports. BidaskClub raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. UBS Group raised their target price on shares of Caesars Entertainment from $7.00 to $9.50 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Credit Suisse Group reissued an “outperform” rating and set a $13.00 target price on shares of Caesars Entertainment in a research note on Wednesday, March 20th. Deutsche Bank reissued a “buy” rating and set a $11.00 target price on shares of Caesars Entertainment in a research note on Monday, February 25th. Finally, Bank of America cut shares of Caesars Entertainment from a “buy” rating to a “neutral” rating and raised their target price for the company from $8.75 to $9.00 in a research note on Wednesday, January 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Caesars Entertainment presently has an average rating of “Hold” and a consensus target price of $12.06.

In related news, VP Les Ottolenghi sold 17,240 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $8.74, for a total transaction of $150,677.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 97,460 shares of company stock worth $840,337 in the last ninety days. Corporate insiders own 0.92% of the company’s stock.

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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