III Capital Management Has $4.68 Million Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

III Capital Management increased its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 250.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 139,900 shares of the company's stock after purchasing an additional 99,950 shares during the period. Caesars Entertainment makes up approximately 0.8% of III Capital Management's holdings, making the stock its 18th largest position. III Capital Management owned 0.07% of Caesars Entertainment worth $4,675,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Bogart Wealth LLC grew its stake 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 purchasing an additional 800 shares during the period. FIL Ltd bought a new stake in shares of Caesars Entertainment in the 4th quarter valued at approximately $28,000. Resona Asset Management Co. Ltd. bought a new stake in shares of Caesars Entertainment in the 4th quarter valued at approximately $44,000. Canada Pension Plan Investment Board grew its stake in shares of 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 purchasing an additional 800 shares during the period. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of Caesars Entertainment in the 4th quarter valued at approximately $71,000. Institutional investors and hedge funds own 91.79% of the company's stock.

Caesars Entertainment Stock Up 0.5 %

NASDAQ CZR traded up $0.14 during trading on Thursday, hitting $27.20. The stock had a trading volume of 7,048,711 shares, compared to its average volume of 4,901,115. The company has a market capitalization of $5.77 billion, a PE ratio of -16.29 and a beta of 2.67. The company's 50-day moving average price is $27.55 and its two-hundred day moving average price is $33.95. 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 12 month low of $21.40 and a 12 month high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.35). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the company earned ($0.73) EPS. The company's revenue for the quarter was up 1.9% on a year-over-year basis. As a group, sell-side analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CZR. Jefferies Financial Group decreased their price target on Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. TD Cowen decreased their price target on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Raymond James cut their price target on 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. Finally, 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. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Caesars Entertainment presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.64.

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.