Dendur Capital LP trimmed its stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 23.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,504,500 shares of the company's stock after selling 448,500 shares during the period. Caesars Entertainment accounts for about 5.2% of Dendur Capital LP's investment portfolio, making the stock its 8th largest position. Dendur Capital LP owned approximately 0.71% of Caesars Entertainment worth $50,280,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Caesars Entertainment by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 23,364,859 shares of the company's stock worth $780,854,000 after purchasing an additional 100,263 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Caesars Entertainment by 14.8% in the fourth 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 during the period. Cohen & Steers Inc. raised its stake in Caesars Entertainment by 14.8% during the 4th 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. Invesco Ltd. boosted its holdings in Caesars Entertainment by 28.0% in the 4th quarter. Invesco Ltd. now owns 5,553,375 shares of the company's stock valued at $185,594,000 after purchasing an additional 1,213,426 shares during the period. Finally, Norges Bank bought a new stake in shares of Caesars Entertainment during the fourth quarter valued at approximately $75,058,000. Institutional investors own 91.79% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have commented on CZR shares. Jefferies Financial Group cut their price target on shares of Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Truist Financial lowered their price target on Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company dropped their target price 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. TD Cowen decreased their price objective on shares of Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a research note on Tuesday, February 4th. Finally, Macquarie cut their target price on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Caesars Entertainment currently has an average rating of "Moderate Buy" and a consensus price target of $45.86.
View Our Latest Stock Report on CZR
Caesars Entertainment Trading Down 1.4 %
Shares of Caesars Entertainment stock traded down $0.41 during trading on Monday, reaching $28.03. 1,731,324 shares of the company were exchanged, compared to its average volume of 4,887,373. The business has a 50-day moving average price of $28.11 and a 200-day moving average price of $34.15. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of -16.77 and a beta of 2.67. 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, Inc. has a twelve month low of $21.40 and a twelve month high of $45.93.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.20. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Sell-side analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.
About Caesars Entertainment
(
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.
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