Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Ancora Advisors LLC

Ancora Advisors LLC lowered its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 99.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,217 shares of the company's stock after selling 529,479 shares during the period. Ancora Advisors LLC's holdings in Caesars Entertainment were worth $174,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CZR. FIL Ltd acquired a new stake in Caesars Entertainment during the 4th quarter worth about $28,000. Bogart Wealth LLC lifted its holdings in shares of Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company's stock worth $28,000 after acquiring an additional 800 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in Caesars Entertainment during the fourth quarter valued at about $44,000. Canada Pension Plan Investment Board raised its stake in shares of Caesars Entertainment by 100.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock valued at $53,000 after acquiring an additional 800 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new position in Caesars Entertainment in the 4th quarter worth $71,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on CZR shares. Capital One Financial upgraded shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $51.00 to $47.00 in a research report on Thursday, April 3rd. JMP Securities restated a "market outperform" rating and issued a $45.00 price objective on shares of Caesars Entertainment in a report on Wednesday, April 30th. Susquehanna increased their target price on shares of Caesars Entertainment from $23.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Barclays raised their price objective on Caesars Entertainment from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Finally, Macquarie decreased their price objective on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $43.77.

Caesars Entertainment Stock Performance

Shares of NASDAQ:CZR traded up $0.20 during midday trading on Friday, reaching $28.03. 3,019,205 shares of the company traded hands, compared to its average volume of 4,923,015. The firm's fifty day moving average price is $26.73 and its two-hundred day moving average price is $33.11. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of -16.78 and a beta of 2.51. Caesars Entertainment, Inc. has a 12 month low of $21.40 and a 12 month high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported ($0.54) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.35). The business had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.82 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Caesars Entertainment's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.73) EPS. On average, equities analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Caesars Entertainment Profile

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.