Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Bought by ARGA Investment Management LP

ARGA Investment Management LP raised its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 41.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,563 shares of the company's stock after acquiring an additional 16,617 shares during the period. ARGA Investment Management LP's holdings in Caesars Entertainment were worth $1,414,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Pekin Hardy Strauss Inc. increased its holdings in shares of Caesars Entertainment by 8.8% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 187,293 shares of the company's stock worth $4,682,000 after buying an additional 15,213 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Caesars Entertainment by 62.8% during the 1st quarter. Raleigh Capital Management Inc. now owns 3,352 shares of the company's stock worth $84,000 after buying an additional 1,293 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Caesars Entertainment by 33.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 176,160 shares of the company's stock worth $4,404,000 after buying an additional 44,325 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Caesars Entertainment by 2.4% during the 1st quarter. Bank of New York Mellon Corp now owns 1,336,606 shares of the company's stock worth $33,415,000 after buying an additional 30,738 shares during the last quarter. Finally, Calamos Advisors LLC increased its holdings in shares of Caesars Entertainment by 1.1% during the 1st quarter. Calamos Advisors LLC now owns 188,200 shares of the company's stock worth $4,705,000 after buying an additional 2,096 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays raised their price target on shares of Caesars Entertainment from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. assumed coverage on shares of Caesars Entertainment in a report on Monday, June 23rd. They issued an "overweight" rating and a $47.00 target price for the company. The Goldman Sachs Group assumed coverage on shares of Caesars Entertainment in a report on Monday. They issued a "buy" rating and a $36.00 target price for the company. Capital One Financial upgraded shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and dropped their target price for the company from $51.00 to $47.00 in a report on Thursday, April 3rd. Finally, Susquehanna lifted their target price on shares of Caesars Entertainment from $23.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Caesars Entertainment has a consensus rating of "Moderate Buy" and an average price target of $42.50.

Caesars Entertainment Stock Performance

Shares of CZR stock opened at $29.42 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 5.84. Caesars Entertainment, Inc. has a 52 week low of $21.40 and a 52 week high of $45.93. The stock has a market capitalization of $6.12 billion, a PE ratio of -26.99, a P/E/G ratio of 18.55 and a beta of 2.29. The firm has a 50 day moving average of $28.05 and a two-hundred day moving average of $29.99.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.35). The business had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.82 billion. Caesars Entertainment had a negative net margin of 2.08% and a negative return on equity of 2.60%. The business's quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.73) EPS. On average, research analysts predict 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.

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