Deutsche Bank AG Purchases 108,919 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Deutsche Bank AG raised its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 9.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,315,354 shares of the company's stock after purchasing an additional 108,919 shares during the period. Deutsche Bank AG owned 0.63% of Caesars Entertainment worth $32,884,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. lifted its position in Caesars Entertainment by 64.4% during the 1st quarter. Mather Group LLC. now owns 1,034 shares of the company's stock worth $26,000 after buying an additional 405 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in Caesars Entertainment by 6.1% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 8,700 shares of the company's stock worth $291,000 after purchasing an additional 500 shares in the last quarter. Contrarian Capital Management L.L.C. increased its position in shares of Caesars Entertainment by 0.4% in the fourth quarter. Contrarian Capital Management L.L.C. now owns 118,000 shares of the company's stock valued at $3,944,000 after acquiring an additional 500 shares during the period. Fifth Lane Capital LP raised its holdings in shares of Caesars Entertainment by 6.3% during the fourth quarter. Fifth Lane Capital LP now owns 8,500 shares of the company's stock valued at $284,000 after purchasing an additional 500 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Caesars Entertainment by 3.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,207 shares of the company's stock valued at $608,000 after purchasing an additional 549 shares during the last quarter. Institutional investors own 91.79% of the company's stock.

Analyst Upgrades and Downgrades

CZR has been the topic of several recent analyst reports. Stifel Nicolaus increased their price target on shares of Caesars Entertainment from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Truist Financial reduced their price objective on Caesars Entertainment from $38.00 to $37.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. Susquehanna lowered their target price on Caesars Entertainment from $28.00 to $27.00 and set a "neutral" rating for the company in a research report on Friday, August 1st. Citigroup reaffirmed a "market outperform" rating on shares of Caesars Entertainment in a report on Friday, July 18th. Finally, Macquarie decreased their target price on shares of Caesars Entertainment from $45.00 to $40.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.47.

Caesars Entertainment Stock Performance

CZR stock traded down $0.20 during midday trading on Friday, reaching $25.33. 3,747,489 shares of the company were exchanged, compared to its average volume of 6,846,191. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of -27.53 and a beta of 2.40. The business has a 50-day moving average price of $27.99 and a two-hundred day moving average price of $28.89. Caesars Entertainment, Inc. has a one year low of $21.40 and a one year high of $45.93. The company has a debt-to-equity ratio of 6.08, a current ratio of 0.82 and a quick ratio of 0.81.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.46). The company had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $2.85 billion. Caesars Entertainment had a negative return on equity of 4.55% and a negative net margin of 1.71%. The company's revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.56) earnings per share. Equities research analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Caesars Entertainment Company 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.