Quantinno Capital Management LP Decreases Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Quantinno Capital Management LP cut its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 61.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,992 shares of the company's stock after selling 30,412 shares during the period. Quantinno Capital Management LP's holdings in Caesars Entertainment were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. FIL Ltd bought a new stake in Caesars Entertainment during the 4th quarter valued at $28,000. Bogart Wealth LLC raised its position in shares of Caesars Entertainment by 1,777.8% in the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company's stock worth $28,000 after acquiring an additional 800 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of Caesars Entertainment in the 4th quarter worth $44,000. Canada Pension Plan Investment Board raised its position in shares of Caesars Entertainment by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock worth $53,000 after acquiring an additional 800 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new position in shares of Caesars Entertainment in the 4th quarter worth $71,000. 91.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CZR shares. Truist Financial reduced their price target on Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Stifel Nicolaus lowered their target price on shares of Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Susquehanna raised their target price on shares of Caesars Entertainment from $23.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Macquarie reduced their target price on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Finally, Capital One Financial raised Caesars Entertainment from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $51.00 to $47.00 in a research report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $43.77.

Caesars Entertainment Price Performance

CZR stock traded down $0.76 during mid-day trading on Wednesday, reaching $27.49. 4,409,631 shares of the company's stock were exchanged, compared to its average volume of 4,921,543. The company has a market cap of $5.72 billion, a price-to-earnings ratio of -16.46 and a beta of 2.51. The stock's 50 day moving average is $26.99 and its 200 day moving average is $32.00. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. Caesars Entertainment, Inc. has a 12-month low of $21.40 and a 12-month high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.35). The business had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.82 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.73) EPS. On average, research analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

About Caesars Entertainment

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.