Mariner LLC Sells 21,638 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Mariner LLC reduced its stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 22.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,770 shares of the company's stock after selling 21,638 shares during the period. Mariner LLC's holdings in Caesars Entertainment were worth $2,532,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Caesars Entertainment by 1.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,504 shares of the company's stock valued at $1,287,000 after acquiring an additional 408 shares during the last quarter. Arizona State Retirement System increased its position in Caesars Entertainment by 0.8% during the fourth quarter. Arizona State Retirement System now owns 62,785 shares of the company's stock worth $2,098,000 after buying an additional 470 shares during the last quarter. Lebenthal Global Advisors LLC increased its position in Caesars Entertainment by 5.7% during the fourth quarter. Lebenthal Global Advisors LLC now owns 10,890 shares of the company's stock worth $364,000 after buying an additional 587 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Caesars Entertainment by 12.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 5,563 shares of the company's stock worth $186,000 after buying an additional 601 shares during the last quarter. Finally, Bogart Wealth LLC increased its position in Caesars Entertainment by 1,777.8% during the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company's stock worth $28,000 after buying an additional 800 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CZR. Susquehanna reduced their price target on Caesars Entertainment from $30.00 to $23.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Jefferies Financial Group dropped their price target on Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. JPMorgan Chase & Co. dropped their price target on Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating on the stock in a research note on Friday, January 3rd. Capital One Financial raised Caesars Entertainment from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $51.00 to $47.00 in a research note on Thursday, April 3rd. Finally, Barclays cut their target price on Caesars Entertainment from $54.00 to $44.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $45.86.

Caesars Entertainment Stock Down 1.3 %

Shares of CZR traded down $0.38 during trading hours on Monday, reaching $28.06. 4,231,207 shares of the stock traded hands, compared to its average volume of 4,896,540. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The stock has a fifty day simple moving average of $27.91 and a 200 day simple moving average of $34.04. Caesars Entertainment, Inc. has a 52 week low of $21.40 and a 52 week high of $45.93. The company has a market cap of $5.95 billion, a price-to-earnings ratio of -16.80 and a beta of 2.67.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of ($0.15) by $0.20. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. On average, equities analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

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.