Caesars Entertainment, Inc. $CZR Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group trimmed its position in Caesars by 1.5% in the 4th quarter, selling 320,327 shares and now holds 20,389,641 shares (9.99%) valued at about $476.9 million.
• Other institutions ramped up exposure—Assenagon increased its stake 317.9% to 3.27 million shares and Capital World Investors owns 16.19 million shares—and overall institutional ownership stands at 91.79%.
• Caesars reported Q1 EPS of -$0.48, missing estimates of -$0.24 while revenue of $2.87 billion slightly beat expectations; analysts’ consensus is a "Hold" with an average price target of $33.27 and the stock trading near $28.10 (market cap ~$5.72B).

Vanguard Group Inc. reduced its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,389,641 shares of the company's stock after selling 320,327 shares during the period. Vanguard Group Inc. owned 9.99% of Caesars Entertainment worth $476,914,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CZR. ING Groep NV boosted its holdings in shares of Caesars Entertainment by 80.2% in the 3rd quarter. ING Groep NV now owns 599,854 shares of the company's stock valued at $16,211,000 after purchasing an additional 266,917 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Caesars Entertainment by 317.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,274,430 shares of the company's stock worth $76,589,000 after buying an additional 2,490,924 shares during the period. Principal Financial Group Inc. raised its position in shares of Caesars Entertainment by 56.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,700,389 shares of the company's stock worth $45,953,000 after buying an additional 612,837 shares during the period. Capital World Investors boosted its holdings in Caesars Entertainment by 29.8% in the third quarter. Capital World Investors now owns 16,193,070 shares of the company's stock valued at $437,622,000 after acquiring an additional 3,716,148 shares during the last quarter. Finally, LDR Capital Management LLC purchased a new stake in Caesars Entertainment during the third quarter valued at about $1,172,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on CZR shares. Susquehanna upped their price target on Caesars Entertainment from $32.00 to $34.00 and gave the stock a "positive" rating in a research note on Wednesday, April 29th. Citizens Jmp boosted their target price on Caesars Entertainment from $34.00 to $35.00 and gave the stock a "market outperform" rating in a report on Wednesday, April 29th. Barclays dropped their target price on shares of Caesars Entertainment from $39.00 to $35.00 and set an "overweight" rating for the company in a research report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Caesars Entertainment from $36.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, February 18th. Finally, Jefferies Financial Group boosted their price objective on shares of Caesars Entertainment from $24.00 to $26.00 and gave the stock a "hold" rating in a research note on Monday, April 6th. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $33.27.

Caesars Entertainment Stock Performance

Caesars Entertainment stock opened at $28.10 on Wednesday. The firm has a market capitalization of $5.72 billion, a PE ratio of -11.86 and a beta of 1.77. Caesars Entertainment, Inc. has a one year low of $17.86 and a one year high of $31.58. The stock's 50 day moving average price is $26.46 and its 200 day moving average price is $23.68. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.83 and a current ratio of 0.85.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.24). Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period last year, the business earned ($0.54) EPS. The firm's revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that Caesars Entertainment, Inc. will post -0.24 EPS for the current fiscal year.

Caesars Entertainment Company 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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