<div id="readability-page-1"><p>Comerica Bank boosted its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 345.0% in the first quarter, according to its most recent disclosure with the Securities &amp; Exchange Commission. The firm owned 107,355 shares of the company's stock after purchasing an additional 83,231 shares during the quarter. Comerica Bank's holdings in Caesars Entertainment were worth $4,696,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>Caesars Entertainment</strong> alerts:</span></p></div><ul><li>Wynn Resorts: 6 Reasons to Ante Up for the Stock </li></ul><p>A number of other large investors have also recently added to or reduced their stakes in CZR. Altshuler Shaham Ltd acquired a new position in shares of Caesars Entertainment in the fourth quarter valued at $45,000. Principal Securities Inc. acquired a new position in Caesars Entertainment during the fourth quarter worth $46,000. Mather Group LLC. acquired a new position in Caesars Entertainment during the first quarter worth $53,000. TFO Wealth Partners LLC raised its stake in Caesars Entertainment by 22,920.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company's stock worth $54,000 after acquiring an additional 1,146 shares in the last quarter. Finally, C M Bidwell &amp; Associates Ltd. acquired a new position in Caesars Entertainment during the fourth quarter worth $93,000. Institutional investors own 91.79% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><p>Several brokerages have recently commented on CZR. TD Cowen decreased their target price on Caesars Entertainment from $53.00 to $50.00 and set a &#34;buy&#34; rating on the stock in a report on Wednesday, May 1st. Jefferies Financial Group decreased their target price on Caesars Entertainment from $62.00 to $60.00 and set a &#34;buy&#34; rating on the stock in a report on Wednesday, July 31st. JMP Securities decreased their target price on Caesars Entertainment from $60.00 to $58.00 and set a &#34;market outperform&#34; rating on the stock in a report on Wednesday, July 17th. B. Riley started coverage on Caesars Entertainment in a report on Thursday, May 9th. They issued a &#34;buy&#34; rating and a $70.00 price target on the stock. Finally, Morgan Stanley decreased their price target on Caesars Entertainment from $43.00 to $41.00 and set an &#34;equal weight&#34; rating on the stock in a report on Friday, July 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $54.14.</p><br/><ul><li>Carl Icahn Takes Major Position in Caesars Entertainment</li></ul><p><b>Check Out Our Latest Research Report on Caesars Entertainment</b></p><h2>Caesars Entertainment Price Performance</h2><p>Shares of CZR opened at $35.66 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 5.56. Caesars Entertainment, Inc. has a 1 year low of $31.74 and a 1 year high of $58.29. The stock has a market cap of $7.71 billion, a P/E ratio of 10.10 and a beta of 2.99. The stock's 50-day moving average price is $36.91 and its two-hundred day moving average price is $39.40. </p><ul><li>How to Invest in Casino Stocks: Pros and Cons and More</li></ul><p>Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.68). Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the firm earned $0.82 EPS. The company's revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities analysts predict that Caesars Entertainment, Inc. will post 0.12 earnings per share for the current year. </p><h2>Insider Activity</h2><p>In other news, Director Frank J. Fahrenkopf, Jr. sold 10,000 shares of Caesars Entertainment stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $32.52, for a total transaction of $325,200.00. Following the transaction, the director now owns 350 shares in the company, valued at approximately $11,382. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at the SEC website. 0.64% of the stock is currently owned by company insiders. </p><h2>About Caesars Entertainment</h2> (Free Report)<p>Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.</p><h2>Read More</h2><ul><li>Five stocks we like better than Caesars Entertainment</li><li>Why Are Stock Sectors Important to Successful Investing?</li><li>Why SharkNinja Stock Is Set to Soar Despite Economic Slowdown</li><li>Unveiling The Power Of VWAP: A Key Indicator For Traders</li><li>Top Lithium Producer's Stock Down 40%: What Investors Should Know</li><li>What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story</li><li>Why Marathon Petroleum is Committed to a $5 Billion Stock Buyback</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q1pS?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q1pS"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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<p>Comerica Bank increased its stake in Caesars Entertainment by 345% in the first quarter. The bank now owns 107,355 shares worth $4,696,000. Other investors have also added to their holdings in Caesars Entertainment. Various brokerages have given ratings and target prices for the stock. Caesars Entertainment reported a negative net margin and a negative return on equity in its latest quarterly earnings. Director Frank J. Fahrenkopf, Jr. sold 10,000 shares of Caesars Entertainment stock. The company operates as a gaming and hospitality company.</p>

Comerica Bank Buys 83,231 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)