Caesars Entertainment (CZR) appears to be undergoing investment interest as various entities purchase and adjust their stakes, such as with QRG Capital Management Inc., M&T Bank Corp, and Charles Schwab Investment Management Inc. adding to their CZR shares. Meanwhile, Amalgamated Bank is reducing its position. Analysts like B. Riley are initiating coverage on CZR. The company's innovative efforts, such as the first-of-its-kind app functionality upgrade and a partnership with Fiesta Bowl, are noted. Nonetheless, there are concerns over its earnings and balances sheet as evidenced by missed Q4 sales targets and lower targets from analysts post-earnings report. Bad weather was flagged as a negative factor, with the subsequent earnings release expected to be negative. CZR's Q4 earnings grew year-over-year but missed revenue estimates. Some insiders, like Michael E. Pegram, are investing heavily, buying significant amounts of shares. The company recently appointed Kim Harris Jones to its Board of Directors. A particular setback was the payment of millions to hackers following a cyber attack.
Caesars Entertainment CZR News Analytics from Wed, 16 Aug 2023 07:00:00 GMT to Thu, 16 May 2024 09:50:04 GMT -
Rating -2
- Innovation 2
- Information 6
- Rumor -1
