Caesars Entertainment, Inc. $CZR Shares Acquired by BW Gestao de Investimentos Ltda.

Key Points

• BW Gestao de Investimentos Ltda. increased its stake in Caesars Entertainment by 55.5%, now holding 364,096 shares worth $9.1 million after acquiring an additional 130,000 shares.
• Other institutional investors such as Mather Group LLC and Allworth Financial LP have also significantly increased their stakes in the company during Q1.
• Caesars Entertainment's stock has a current average rating of "Moderate Buy" with a consensus target price of $42.47, despite a recent decline of 3.3% in share price.

BW Gestao de Investimentos Ltda. grew its stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 55.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 364,096 shares of the company's stock after purchasing an additional 130,000 shares during the quarter. BW Gestao de Investimentos Ltda. owned approximately 0.18% of Caesars Entertainment worth $9,102,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CZR. Vanguard Group Inc. raised its stake in Caesars Entertainment by 0.8% during the first quarter. Vanguard Group Inc. now owns 23,548,822 shares of the company's stock worth $588,721,000 after acquiring an additional 183,963 shares during the period. Invesco Ltd. raised its stake in Caesars Entertainment by 22.9% during the first quarter. Invesco Ltd. now owns 6,823,286 shares of the company's stock worth $170,582,000 after acquiring an additional 1,269,911 shares during the period. Frontier Capital Management Co. LLC raised its stake in Caesars Entertainment by 41.1% during the fourth quarter. Frontier Capital Management Co. LLC now owns 3,658,694 shares of the company's stock worth $122,274,000 after acquiring an additional 1,065,506 shares during the period. DAVENPORT & Co LLC raised its stake 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 worth $87,399,000 after acquiring an additional 3,192,224 shares during the period. Finally, Hein Park Capital Management LP acquired a new stake in Caesars Entertainment during the first quarter worth about $60,492,000. Institutional investors and hedge funds own 91.79% of the company's stock.

Wall Street Analysts Forecast Growth

CZR has been the topic of several research reports. JMP Securities dropped their price objective on shares of Caesars Entertainment from $45.00 to $43.00 and set a "market outperform" rating on the stock in a research note on Wednesday, July 30th. Citigroup reiterated a "market outperform" rating on shares of Caesars Entertainment in a research note on Friday, July 18th. Truist Financial dropped their price objective on shares of Caesars Entertainment from $38.00 to $37.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Macquarie decreased their target price on shares of Caesars Entertainment from $45.00 to $40.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Finally, Susquehanna decreased their target price on shares of Caesars Entertainment from $28.00 to $27.00 and set a "neutral" rating for the company in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Caesars Entertainment has an average rating of "Moderate Buy" and a consensus price target of $42.47.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock traded up $0.09 on Monday, hitting $26.43. The company had a trading volume of 2,803,245 shares, compared to its average volume of 5,576,806. The business has a 50-day simple moving average of $27.50 and a 200-day simple moving average of $27.68. The company has a debt-to-equity ratio of 6.08, a current ratio of 0.82 and a quick ratio of 0.81. The company has a market cap of $5.50 billion, a PE ratio of -28.71 and a beta of 2.24. Caesars Entertainment, Inc. has a 52 week low of $21.40 and a 52 week high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported ($0.39) earnings per share (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 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 company's revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.56) earnings per share. Research 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.