Amundi Boosts Position in Caesars Entertainment, Inc. $CZR

Amundi boosted its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 62.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,112,676 shares of the company's stock after purchasing an additional 428,038 shares during the period. Amundi owned about 0.54% of Caesars Entertainment worth $26,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC increased its holdings in 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 buying an additional 3,192,224 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Caesars Entertainment by 14.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,495 shares of the company's stock worth $261,000 after purchasing an additional 1,360 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Caesars Entertainment during the first quarter valued at $540,000. Sequoia Financial Advisors LLC purchased a new position in Caesars Entertainment during the first quarter valued at $30,148,000. Finally, Penn Capital Management Company LLC grew its stake in Caesars Entertainment by 101.9% during the first quarter. Penn Capital Management Company LLC now owns 45,207 shares of the company's stock valued at $1,154,000 after acquiring an additional 22,812 shares in the last quarter. Institutional investors own 91.79% of the company's stock.

Analyst Upgrades and Downgrades

CZR has been the subject of several research reports. Cfra reiterated a "hold" rating and set a $50.00 price objective on shares of Caesars Entertainment in a research report on Friday, July 11th. Barclays lowered their price objective on shares of Caesars Entertainment from $45.00 to $43.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Citigroup reiterated a "market outperform" rating on shares of Caesars Entertainment in a research report on Friday, July 18th. Truist Financial lowered their price objective on shares of Caesars Entertainment from $38.00 to $37.00 and set a "buy" rating for the company in a research report 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 report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.47.

Caesars Entertainment Trading Down 3.1%

Shares of Caesars Entertainment stock traded down $0.81 during trading on Friday, hitting $25.09. The stock had a trading volume of 4,956,409 shares, compared to its average volume of 5,389,006. The stock has a market cap of $5.22 billion, a PE ratio of -27.27 and a beta of 2.24. Caesars Entertainment, Inc. has a 12 month low of $21.40 and a 12 month high of $45.93. The firm's fifty day simple moving average is $27.12 and its 200-day simple moving average is $27.41. The company has a debt-to-equity ratio of 6.08, a current ratio of 0.82 and a quick ratio of 0.81.

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

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.