Caesars Entertainment, Inc. $CZR is Union Square Park Capital Management LLC's 6th Largest Position

Key Points

• Union Square Park Capital Management cut its Caesars stake by 17.1%, selling 70,000 shares to hold 340,000 shares (≈$9.19M), which represents about 3.3% of the firm's portfolio and is its sixth-largest holding.
• Caesars reported quarterly EPS of ($1.23), missing the ($0.18) consensus by $1.05 while revenue of $2.92B slightly beat estimates; analysts maintain a consensus rating of Moderate Buy with an average price target of $33.65.
• Institutional investors own 91.79% of the stock; Caesars has a market cap of $5.71B, a negative P/E (‑11.55), a debt-to-equity ratio of 3.17, and a 52-week range of $17.86–$31.58.

Union Square Park Capital Management LLC lowered its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 17.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 340,000 shares of the company's stock after selling 70,000 shares during the period. Caesars Entertainment accounts for approximately 3.3% of Union Square Park Capital Management LLC's portfolio, making the stock its 6th biggest holding. Union Square Park Capital Management LLC owned approximately 0.17% of Caesars Entertainment worth $9,188,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its stake in Caesars Entertainment by 110.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company's stock worth $26,000 after purchasing an additional 510 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Caesars Entertainment in the third quarter valued at approximately $28,000. Salomon & Ludwin LLC acquired a new stake in shares of Caesars Entertainment in the third quarter valued at approximately $41,000. Zions Bancorporation National Association UT lifted its position in Caesars Entertainment by 5,384.4% during the third quarter. Zions Bancorporation National Association UT now owns 1,755 shares of the company's stock worth $47,000 after buying an additional 1,723 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in Caesars Entertainment during the third quarter worth $49,000. Institutional investors and hedge funds own 91.79% of the company's stock.

Caesars Entertainment Price Performance

Caesars Entertainment stock opened at $28.06 on Friday. The company's 50 day simple moving average is $22.99 and its 200-day simple moving average is $23.35. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.78 and a current ratio of 0.80. Caesars Entertainment, Inc. has a 1 year low of $17.86 and a 1 year high of $31.58. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of -11.55 and a beta of 1.94.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The company reported ($1.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($1.05). The company had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.89 billion. Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.05 EPS. As a group, equities research analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Analyst Ratings Changes

CZR has been the subject of several analyst reports. Stifel Nicolaus dropped their target price on Caesars Entertainment from $39.00 to $36.00 and set a "buy" rating for the company in a report on Wednesday, February 18th. TD Cowen reissued a "buy" rating on shares of Caesars Entertainment in a research report on Wednesday, January 21st. The Goldman Sachs Group lowered shares of Caesars Entertainment from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $25.00 to $24.00 in a report on Monday, December 15th. Susquehanna upgraded shares of Caesars Entertainment from a "neutral" rating to a "positive" rating and raised their price objective for the stock from $25.00 to $31.00 in a research report on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Caesars Entertainment from $36.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.65.

Caesars Entertainment Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah's by William F.

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