Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 96.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 81,664 shares of the company's stock after selling 2,058,853 shares during the period. Assenagon Asset Management S.A.'s holdings in Caesars Entertainment were worth $2,042,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CZR. FIL Ltd acquired a new position in Caesars Entertainment during the fourth quarter worth approximately $28,000. Resona Asset Management Co. Ltd. purchased a new stake in Caesars Entertainment during the fourth quarter worth approximately $44,000. Canada Pension Plan Investment Board grew its stake in Caesars Entertainment by 100.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock worth $53,000 after buying an additional 800 shares during the period. Canada Post Corp Registered Pension Plan purchased a new stake in Caesars Entertainment during the fourth quarter worth approximately $71,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Caesars Entertainment during the fourth quarter worth approximately $73,000. Institutional investors and hedge funds own 91.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CZR shares. Morgan Stanley decreased their price objective on shares of Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Truist Financial decreased their price objective on shares of Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company decreased their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Raymond James Financial decreased their price objective on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a research note on Wednesday, March 19th. Finally, Capital One Financial upgraded shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $51.00 to $47.00 in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $43.77.

Caesars Entertainment Stock Up 4.9%

Shares of CZR stock traded up $1.30 on Wednesday, hitting $27.75. The stock had a trading volume of 6,350,346 shares, compared to its average volume of 4,901,685. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of -25.46, a P/E/G ratio of 1.30 and a beta of 2.31. The stock's 50 day moving average is $27.30 and its 200-day moving average is $30.79. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.82 and a current ratio of 0.84. 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 results on Tuesday, April 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.35). The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Caesars Entertainment had a negative net margin of 2.08% and a negative return on equity of 2.60%. The company's revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.73) earnings per share. As a group, research analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current 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.