Bayesian Capital Management LP Sells 44,300 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Bayesian Capital Management LP trimmed its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 84.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,900 shares of the company's stock after selling 44,300 shares during the quarter. Bayesian Capital Management LP's holdings in Caesars Entertainment were worth $264,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Caesars Entertainment by 1.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,504 shares of the company's stock worth $1,287,000 after acquiring an additional 408 shares during the period. Arizona State Retirement System lifted its holdings in shares of Caesars Entertainment by 0.8% during the 4th quarter. Arizona State Retirement System now owns 62,785 shares of the company's stock valued at $2,098,000 after purchasing an additional 470 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in Caesars Entertainment by 6.1% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 8,700 shares of the company's stock valued at $291,000 after acquiring an additional 500 shares during the period. Contrarian Capital Management L.L.C. increased its stake in shares of 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 worth $3,944,000 after acquiring an additional 500 shares during the period. Finally, Fifth Lane Capital LP lifted its stake in shares of Caesars Entertainment by 6.3% in the fourth quarter. Fifth Lane Capital LP now owns 8,500 shares of the company's stock worth $284,000 after buying an additional 500 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Trading Up 0.3%

Shares of CZR stock traded up $0.09 on Tuesday, hitting $30.17. The stock had a trading volume of 1,256,743 shares, compared to its average volume of 4,915,212. Caesars Entertainment, Inc. has a twelve month low of $21.40 and a twelve month high of $45.93. The firm has a market cap of $6.27 billion, a P/E ratio of -18.07 and a beta of 2.51. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The company has a fifty day moving average price of $26.73 and a two-hundred day moving average price of $32.87.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its quarterly earnings results 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). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The company 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 firm posted ($0.73) EPS. The business's quarterly revenue was up 1.9% compared to the same quarter last year. As a group, analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CZR shares. Capital One Financial upgraded shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $51.00 to $47.00 in a report on Thursday, April 3rd. Barclays upped their price target on shares of Caesars Entertainment from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Raymond James reduced their price objective on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, March 19th. TD Cowen lowered their target price on shares of Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a research note on Tuesday, February 4th. Finally, Morgan Stanley dropped their target price on shares of 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 research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Caesars Entertainment has an average rating of "Moderate Buy" and a consensus target price of $43.77.

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.