American Assets Investment Management LLC Takes Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

American Assets Investment Management LLC bought a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,519 shares of the company's stock, valued at approximately $318,000.

Several other hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC lifted its stake in Caesars Entertainment by 1,777.8% in the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company's stock valued at $28,000 after buying an additional 800 shares in the last quarter. FIL Ltd bought a new stake in Caesars Entertainment in the 4th quarter valued at $28,000. Resona Asset Management Co. Ltd. acquired a new position in Caesars Entertainment in the 4th quarter worth $44,000. Canada Pension Plan Investment Board increased its holdings in Caesars Entertainment by 100.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock worth $53,000 after purchasing an additional 800 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new position in Caesars Entertainment during the 4th quarter worth about $71,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Stock Performance

CZR stock traded down $0.37 during midday trading on Friday, reaching $26.90. 5,334,923 shares of the company were exchanged, compared to its average volume of 4,844,412. Caesars Entertainment, Inc. has a one year low of $21.40 and a one year high of $45.93. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of -16.11 and a beta of 2.51. The business has a 50-day moving average price of $26.96 and a two-hundred day moving average price of $31.69. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its earnings results 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 analyst estimates of $2.82 billion. During the same quarter in the prior year, the business posted ($0.73) EPS. The business's quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CZR. Capital One Financial upgraded shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $51.00 to $47.00 in a report on Thursday, April 3rd. TD Cowen lowered their price target 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. Raymond James reduced their price objective on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a research note on Wednesday, March 19th. JMP Securities restated a "market outperform" rating and issued a $45.00 price objective on shares of Caesars Entertainment in a report on Wednesday, April 30th. Finally, Susquehanna upped their target price on Caesars Entertainment from $23.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Caesars Entertainment has a consensus rating of "Moderate Buy" and a consensus target price of $43.77.

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.