Alyeska Investment Group L.P. Purchases Shares of 404,706 Caesars Entertainment, Inc. (NASDAQ:CZR)

Alyeska Investment Group L.P. bought a new position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 404,706 shares of the company's stock, valued at approximately $13,525,000. Alyeska Investment Group L.P. owned about 0.19% of Caesars Entertainment as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Aristeia Capital L.L.C. purchased a new stake in shares of Caesars Entertainment in the 4th quarter valued at $390,000. Fifth Lane Capital LP grew its stake in shares of Caesars Entertainment by 6.3% during the fourth quarter. Fifth Lane Capital LP now owns 8,500 shares of the company's stock valued at $284,000 after buying an additional 500 shares during the last quarter. Comerica Bank increased its holdings in shares of Caesars Entertainment by 80.8% in the fourth quarter. Comerica Bank now owns 263,615 shares of the company's stock worth $8,810,000 after buying an additional 117,811 shares during the period. Schonfeld Strategic Advisors LLC lifted its stake in shares of Caesars Entertainment by 7.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 239,434 shares of the company's stock valued at $8,002,000 after acquiring an additional 17,375 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Caesars Entertainment by 9.9% during the 4th quarter. Northern Trust Corp now owns 1,770,247 shares of the company's stock valued at $59,162,000 after acquiring an additional 159,173 shares during the period. Hedge funds and other institutional investors own 91.79% of the company's stock.

Caesars Entertainment Stock Up 0.7 %

Shares of NASDAQ:CZR traded up $0.20 during trading on Friday, reaching $28.03. 3,019,205 shares of the stock traded hands, compared to its average volume of 4,921,819. Caesars Entertainment, Inc. has a 52-week low of $21.40 and a 52-week high of $45.93. The stock has a market cap of $5.83 billion, a P/E ratio of -16.78 and a beta of 2.51. The stock has a 50-day moving average of $26.73 and a two-hundred day moving average of $33.04. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.35). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the business posted ($0.73) EPS. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. As a group, sell-side analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on CZR. Susquehanna boosted their price objective on Caesars Entertainment from $23.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Truist Financial dropped their target price on shares of Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. TD Cowen reduced their price target on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Capital One Financial raised shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $51.00 to $47.00 in a research report on Thursday, April 3rd. Finally, Morgan Stanley dropped their price target on Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.77.

About Caesars Entertainment

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.