Brevan Howard Capital Management LP purchased a new position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 39,175 shares of the company's stock, valued at approximately $1,309,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors boosted its position in Caesars Entertainment by 14.8% during the 4th quarter. Capital Research Global Investors now owns 19,811,919 shares of the company's stock valued at $662,088,000 after acquiring an additional 2,555,876 shares in the last quarter. Norges Bank bought a new stake in Caesars Entertainment during the fourth quarter valued at about $75,058,000. Cohen & Steers Inc. grew its stake in Caesars Entertainment by 14.8% in the fourth quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company's stock valued at $487,265,000 after purchasing an additional 1,882,728 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Caesars Entertainment in the fourth quarter worth about $57,629,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Caesars Entertainment by 383.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company's stock valued at $71,536,000 after buying an additional 1,697,443 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors.
Caesars Entertainment Stock Performance
Shares of CZR stock opened at $27.09 on Thursday. The stock has a market cap of $5.63 billion, a PE ratio of -16.22 and a beta of 2.51. Caesars Entertainment, Inc. has a 52-week low of $21.40 and a 52-week high of $45.93. The business has a 50-day simple moving average of $26.86 and a 200-day simple moving average of $33.33. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released 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). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The firm had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.82 billion. During the same period in the previous year, the firm posted ($0.73) EPS. The firm's quarterly revenue was up 1.9% on a year-over-year basis. On average, equities analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on CZR shares. Truist Financial decreased their target price on shares of Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Susquehanna boosted their target price on Caesars Entertainment from $23.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Morgan Stanley decreased their price target on Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Capital One Financial upgraded Caesars Entertainment from an "equal weight" rating to an "overweight" rating and dropped their price target for the stock from $51.00 to $47.00 in a research note on Thursday, April 3rd. Finally, Raymond James lowered their target price on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a research note on Wednesday, March 19th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $45.64.
Check Out Our Latest Report on CZR
Caesars Entertainment Company Profile
(
Free Report)
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.
Further Reading
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