Amundi Acquires 428,038 Shares of Caesars Entertainment, Inc. $CZR

Amundi lifted its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 62.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,112,676 shares of the company's stock after buying an additional 428,038 shares during the quarter. Amundi owned about 0.54% of Caesars Entertainment worth $26,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Mather Group LLC. increased its position in shares of Caesars Entertainment by 64.4% during the first quarter. Mather Group LLC. now owns 1,034 shares of the company's stock valued at $26,000 after buying an additional 405 shares during the period. Resona Asset Management Co. Ltd. grew its holdings in Caesars Entertainment by 35.8% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,809 shares of the company's stock worth $46,000 after purchasing an additional 477 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Caesars Entertainment by 3.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,207 shares of the company's stock worth $608,000 after purchasing an additional 549 shares during the period. American Trust grew its holdings in Caesars Entertainment by 8.7% in the fourth quarter. American Trust now owns 7,505 shares of the company's stock worth $251,000 after purchasing an additional 601 shares during the period. Finally, Allworth Financial LP grew its holdings in Caesars Entertainment by 97.8% in the first quarter. Allworth Financial LP now owns 1,339 shares of the company's stock worth $36,000 after purchasing an additional 662 shares during the period. Hedge funds and other institutional investors own 91.79% of the company's stock.

Caesars Entertainment Price Performance

NASDAQ CZR traded down $0.90 on Friday, reaching $25.01. The company had a trading volume of 2,592,187 shares, compared to its average volume of 5,584,412. 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 stock has a market capitalization of $5.20 billion, a PE ratio of -27.20 and a beta of 2.24. The firm's 50 day moving average price is $27.22 and its 200 day moving average price is $27.53. 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 results on Tuesday, July 29th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.46). The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.85 billion. Caesars Entertainment had a negative net margin of 1.71% and a negative return on equity of 4.55%. The business's revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.56) earnings per share. As a group, equities analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CZR. Barclays cut their price objective on shares of Caesars Entertainment from $45.00 to $43.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Truist Financial lowered their price objective on Caesars Entertainment from $38.00 to $37.00 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. JMP Securities lowered their price objective on Caesars Entertainment from $45.00 to $43.00 and set a "market outperform" rating on the stock in a research report on Wednesday, July 30th. Macquarie lowered their price objective on Caesars Entertainment from $45.00 to $40.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. upped their price objective on Caesars Entertainment from $47.00 to $48.00 and gave the company an "overweight" rating in a research 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 issued a Hold rating to the company. According to MarketBeat.com, Caesars Entertainment currently has a consensus rating of "Moderate Buy" and an average price target of $42.47.

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.