BNP Paribas Financial Markets Invests $57.63 Million in Caesars Entertainment, Inc. (NASDAQ:CZR)

BNP Paribas Financial Markets purchased a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,724,393 shares of the company's stock, valued at approximately $57,629,000. BNP Paribas Financial Markets owned 0.81% of Caesars Entertainment at the end of the most recent reporting period.

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

Caesars Entertainment Price Performance

Shares of CZR traded up $1.74 during midday trading on Monday, hitting $29.77. The company's stock had a trading volume of 2,385,699 shares, compared to its average volume of 4,912,157. Caesars Entertainment, Inc. has a one year low of $21.40 and a one year 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 stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of -17.81 and a beta of 2.51. The company's fifty day simple moving average is $26.73 and its two-hundred day simple moving average is $32.97.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its quarterly 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). The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The company's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.73) EPS. As a group, equities analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CZR. Macquarie decreased their price objective on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company dropped their price target on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Truist Financial dropped their price objective on Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Barclays increased their price target on Caesars Entertainment from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $45.00 price target on shares of Caesars Entertainment in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus 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.