21,594 Shares in Caesars Entertainment, Inc. (NASDAQ:CZR) Bought by GSA Capital Partners LLP

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Research Global Investors lifted its position in Caesars Entertainment by 14.8% in the fourth quarter. Capital Research Global Investors now owns 19,811,919 shares of the company's stock worth $662,088,000 after purchasing an additional 2,555,876 shares during the period. Cohen & Steers Inc. lifted its position in Caesars Entertainment by 14.8% in the fourth quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company's stock worth $487,265,000 after purchasing an additional 1,882,728 shares during the period. Invesco Ltd. lifted its position in Caesars Entertainment by 28.0% in the fourth quarter. Invesco Ltd. now owns 5,553,375 shares of the company's stock worth $185,594,000 after purchasing an additional 1,213,426 shares during the period. Frontier Capital Management Co. LLC lifted its position in Caesars Entertainment by 41.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 3,658,694 shares of the company's stock worth $122,274,000 after purchasing an additional 1,065,506 shares during the period. Finally, DAVENPORT & Co LLC lifted its holdings in shares of Caesars Entertainment by 1,051.1% during the first quarter. DAVENPORT & Co LLC now owns 3,495,915 shares of the company's stock valued at $87,399,000 after acquiring an additional 3,192,224 shares during the period. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Price Performance

Shares of CZR stock opened at $25.36 on Tuesday. The stock has a 50-day moving average price of $28.32 and a 200 day moving average price of $29.46. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 6.08. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of -27.56 and a beta of 2.40. 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, July 29th. The company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.46). The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.85 billion. Caesars Entertainment had a negative return on equity of 4.55% and a negative net margin of 1.71%. Caesars Entertainment's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.56) earnings per share. Research analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Analyst Upgrades and Downgrades

CZR has been the subject of a number of analyst reports. Susquehanna cut their price objective on Caesars Entertainment from $28.00 to $27.00 and set a "neutral" rating for the company in a report on Friday. Macquarie cut their price objective on Caesars Entertainment from $45.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, July 30th. The Goldman Sachs Group initiated coverage on Caesars Entertainment in a report on Monday, July 7th. They set a "buy" rating and a $36.00 price objective for the company. Truist Financial cut their price objective on Caesars Entertainment from $38.00 to $37.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. Finally, Morgan Stanley lifted their price objective on Caesars Entertainment from $31.00 to $32.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $42.53.

Caesars Entertainment Company 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.

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