Banco Bilbao Vizcaya Argentaria S.A. Acquires 11,174 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 150.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 18,615 shares of the company's stock after purchasing an additional 11,174 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Caesars Entertainment were worth $618,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Bogart Wealth LLC boosted its stake in Caesars Entertainment by 1,777.8% in the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company's stock worth $28,000 after purchasing an additional 800 shares during the period. FIL Ltd purchased a new stake in Caesars Entertainment in the 4th quarter worth approximately $28,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of Caesars Entertainment during the 4th quarter worth about $44,000. Canada Pension Plan Investment Board grew its stake in Caesars Entertainment by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock valued at $53,000 after acquiring an additional 800 shares during the period. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in Caesars Entertainment in the 4th quarter worth about $71,000. Hedge funds and other institutional investors own 91.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Macquarie lowered their price objective on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. TD Cowen cut their price target on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating for the company in a report on Tuesday, February 4th. Susquehanna increased their target price on Caesars Entertainment from $23.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday. Truist Financial reduced their target price on shares of Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. reduced their price target on Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Caesars Entertainment has a consensus rating of "Moderate Buy" and an average price target of $45.64.

Caesars Entertainment Price Performance

CZR traded up $0.60 during trading on Friday, hitting $27.80. 4,963,429 shares of the stock traded hands, compared to its average volume of 4,901,364. The business has a 50 day moving average price of $27.39 and a 200 day moving average price of $33.82. Caesars Entertainment, Inc. has a twelve month low of $21.40 and a twelve month high of $45.93. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The company has a market cap of $5.90 billion, a price-to-earnings ratio of -16.65 and a beta of 2.67.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the firm posted ($0.73) earnings per share. Caesars Entertainment's quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

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.