GSA Capital Partners LLP Makes New $540,000 Investment in Caesars Entertainment, Inc. (NASDAQ:CZR)

GSA Capital Partners LLP purchased a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 21,594 shares of the company's stock, valued at approximately $540,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CZR. Cannell Capital LLC purchased a new position in Caesars Entertainment in the 4th quarter valued at about $13,498,000. Russell Investments Group Ltd. lifted its stake in Caesars Entertainment by 5.0% in the 4th quarter. Russell Investments Group Ltd. now owns 803,138 shares of the company's stock valued at $26,840,000 after buying an additional 38,505 shares in the last quarter. Khrom Capital Management LLC purchased a new position in Caesars Entertainment in the 4th quarter valued at about $16,191,000. DAVENPORT & Co LLC lifted its stake in Caesars Entertainment by 1,051.1% in the 1st quarter. DAVENPORT & Co LLC now owns 3,495,915 shares of the company's stock valued at $87,399,000 after buying an additional 3,192,224 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Caesars Entertainment by 14.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,495 shares of the company's stock valued at $261,000 after buying an additional 1,360 shares in the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on CZR. Macquarie decreased their target price on shares of Caesars Entertainment from $45.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. The Goldman Sachs Group began coverage on shares of Caesars Entertainment in a research note on Monday, July 7th. They issued a "buy" rating and a $36.00 target price on the stock. Cfra reissued a "hold" rating and issued a $50.00 target price on shares of Caesars Entertainment in a research note on Friday, July 11th. Stifel Nicolaus raised their target price on shares of Caesars Entertainment from $42.00 to $45.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Caesars Entertainment from $47.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.47.

Caesars Entertainment Trading Down 0.2%

Caesars Entertainment stock traded down $0.06 during trading on Friday, hitting $24.09. The company had a trading volume of 3,675,627 shares, compared to its average volume of 5,542,431. Caesars Entertainment, Inc. has a 1-year low of $21.40 and a 1-year high of $45.93. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 6.08. The company's 50 day simple moving average is $28.14 and its 200-day simple moving average is $29.33. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of -26.18 and a beta of 2.40.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.46). Caesars Entertainment had a negative net margin of 1.71% and a negative return on equity of 4.55%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the business posted ($0.56) EPS. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. As a group, analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal 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.