Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Purchased by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. lifted its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 42.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,096 shares of the company's stock after acquiring an additional 70,000 shares during the quarter. BW Gestao de Investimentos Ltda. owned 0.11% of Caesars Entertainment worth $7,823,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Villere ST Denis J & Co. LLC lifted its stake in shares of Caesars Entertainment by 6.2% during the 4th quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company's stock worth $26,877,000 after purchasing an additional 47,294 shares during the last quarter. Cannell Capital LLC purchased a new stake in shares of Caesars Entertainment during the fourth quarter valued at about $13,498,000. Guyasuta Investment Advisors Inc. purchased a new stake in shares of Caesars Entertainment during the fourth quarter valued at about $385,000. Charles Schwab Investment Management Inc. grew its position in shares of Caesars Entertainment by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company's stock worth $62,728,000 after buying an additional 11,671 shares during the last quarter. Finally, Key Colony Management LLC bought a new position in shares of Caesars Entertainment during the 4th quarter worth approximately $6,350,000. 91.79% of the stock is currently owned by institutional investors.

Caesars Entertainment Stock Performance

NASDAQ CZR traded up $0.09 on Friday, reaching $27.92. 1,451,483 shares of the company's stock traded hands, compared to its average volume of 4,911,256. The stock has a 50 day moving average price of $26.79 and a 200-day moving average price of $33.22. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of -16.72 and a beta of 2.51. 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, Inc. has a fifty-two week low of $21.40 and a fifty-two week high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its 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 analysts' expectations of $2.82 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.73) EPS. Equities research analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CZR. Morgan Stanley lowered their target price on shares of 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. JMP Securities restated a "market outperform" rating and set a $45.00 target price on shares of Caesars Entertainment in a research note on Wednesday, April 30th. Barclays increased their price target on Caesars Entertainment from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Truist Financial dropped their price target on Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company decreased their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Three investment 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $45.64.

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.