Bank of America Corp DE Sells 138,279 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Bank of America Corp DE lowered its stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 10.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,243,857 shares of the company's stock after selling 138,279 shares during the period. Bank of America Corp DE owned 0.59% of Caesars Entertainment worth $41,570,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on CZR shares. Susquehanna upped their price objective on shares of Caesars Entertainment from $23.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. TD Cowen lowered their target price 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 cut their price objective for the company from $51.00 to $47.00 in a research report on Thursday, April 3rd. Truist Financial reduced their price objective 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. Finally, Wells Fargo & Company lowered their price target on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.77.

Caesars Entertainment Trading Down 3.7%

NASDAQ:CZR traded down $1.13 during mid-day trading on Monday, hitting $29.57. The company had a trading volume of 3,190,141 shares, compared to its average volume of 4,941,030. The business's fifty day moving average is $26.92 and its two-hundred day moving average is $32.52. The firm has a market cap of $6.15 billion, a P/E ratio of -17.71 and a beta of 2.51. Caesars Entertainment, Inc. has a fifty-two week low of $21.40 and a fifty-two week high of $45.93. 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 announced its earnings results on Tuesday, April 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.35). The firm 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 quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.73) EPS. As a group, research 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.