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Caesars Entertainment Inc (CZR) down -10.75% since start of the year

Caesars Entertainment Inc (NASDAQ: CZR) is -10.75% lower on its value in year-to-date trading and has touched a low of $38.33 and a high of $60.27 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CZR stock was last observed hovering at around $43.17 in the last trading session, with the day’s loss setting it -1.33%.

Currently trading at $41.84, the stock is 0.51% and -2.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.71 million and changing -3.08% at the moment leaves the stock -11.05% off its SMA200. CZR registered -10.73% loss for a year compared to 6-month loss of -9.73%. The firm has a 50-day simple moving average (SMA 50) of $2.87 and a 200-day simple moving average (SMA200) of $9.32.

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The stock witnessed a -2.61% gain in the last 1 month and extending the period to 3 months gives it a -10.75%, and is 0.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.49% over the week and 2.89% over the month.

Caesars Entertainment Inc (CZR) has around 51000 employees, a market worth around $9.05B and $11.53B in sales. Current P/E ratio is 11.44 and Fwd P/E is 17.89. Profit margin for the company is 6.82%. Distance from 52-week low is 9.16% and -30.58% from its 52-week high. The company has generated returns on investments over the last 12 months (2.60%).

Caesars Entertainment Inc quarterly earnings per share for the current quarter are estimated at $0.08 with sales reaching $2.87B over the same period.The EPS is expected to shrink by -69.07% this year, but quarterly earnings will post 2.00% year-over-year. Quarterly sales are estimated to grow 1.40% in year-over-year returns.

Caesars Entertainment Inc (CZR) Top Institutional Holders

754 institutions hold shares in Caesars Entertainment Inc (CZR), with institutional investors hold 93.26% of the company’s shares. The shares outstanding are 215.44M, and float is at 206.10M with Short Float at 4.34%. Institutions hold 92.62% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 23.28 million shares valued at $1.19 billion. The investor’s holdings represent 10.81% of the CZR Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital Research Global Investors with 20.9 million shares valued at $1.07 billion to account for 9.71% of the shares outstanding. The other top investors are Blackrock Inc. which holds 17.33 million shares representing 8.05% and valued at over $883.45 million, while FMR, LLC holds 7.22% of the shares totaling 15.54 million with a market value of $792.0 million.

Caesars Entertainment Inc (CZR) Insider Activity

The most recent transaction is an insider purchase by Pegram Michael E,the company’sDirector. SEC filings show that Pegram Michael E bought 15,000 shares of the company’s common stock on Mar 06 ’24 at a price of $41.45 per share for a total of $0.62 million. Following the purchase, the insider now owns 0.15 million shares.

Caesars Entertainment Inc disclosed in a document filed with the SEC on Nov 10 ’23 that Pegram Michael E (Director) bought a total of 15,000 shares of the company’s common stock. The trade occurred on Nov 10 ’23 and was made at $41.90 per share for $0.63 million. Following the transaction, the insider now directly holds 0.14 million shares of the CZR stock.

Still, SEC filings show that on Aug 25 ’23, Lepori Stephanie (CAO & Chief Admin. Officer) disposed off 33,282 shares at an average price of $51.70 for $1.72 million. The insider now directly holds 41,910 shares of Caesars Entertainment Inc (CZR).

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