Aquatic Capital Management LLC Purchases New Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Aquatic Capital Management LLC purchased a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 45,950 shares of the company's stock, valued at approximately $1,536,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Caesars Entertainment by 1.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,504 shares of the company's stock valued at $1,287,000 after purchasing an additional 408 shares during the last quarter. Arizona State Retirement System grew its position in shares of Caesars Entertainment by 0.8% in the 4th quarter. Arizona State Retirement System now owns 62,785 shares of the company's stock worth $2,098,000 after buying an additional 470 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Caesars Entertainment by 6.1% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 8,700 shares of the company's stock worth $291,000 after acquiring an additional 500 shares in the last quarter. Contrarian Capital Management L.L.C. boosted its stake in Caesars Entertainment by 0.4% in the fourth quarter. Contrarian Capital Management L.L.C. now owns 118,000 shares of the company's stock valued at $3,944,000 after acquiring an additional 500 shares in the last quarter. Finally, Lebenthal Global Advisors LLC grew its holdings in Caesars Entertainment by 5.7% in the fourth quarter. Lebenthal Global Advisors LLC now owns 10,890 shares of the company's stock worth $364,000 after purchasing an additional 587 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CZR has been the subject of a number of recent analyst reports. TD Cowen lowered their price objective on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, February 4th. Stifel Nicolaus cut their price objective on shares of Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating on the stock in a report on Wednesday. Barclays increased their price objective on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday. Wells Fargo & Company dropped their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Finally, Morgan Stanley lowered their price target on Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Caesars Entertainment presently has an average rating of "Moderate Buy" and an average price target of $45.64.

Caesars Entertainment Price Performance

Shares of CZR stock traded up $0.60 during mid-day trading on Friday, hitting $27.80. 4,963,429 shares of the stock were exchanged, compared to its average volume of 4,898,898. Caesars Entertainment, Inc. has a 52-week low of $21.40 and a 52-week high of $45.93. 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 company has a market cap of $5.90 billion, a PE ratio of -16.65 and a beta of 2.67. The firm has a fifty day moving average of $27.25 and a 200 day moving average of $33.70.

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