Castleark Management LLC purchased a new position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 81,360 shares of the company's stock, valued at approximately $2,719,000.
Several other hedge funds and other institutional investors have also bought and sold shares of CZR. Bogart Wealth LLC lifted its position in Caesars Entertainment by 1,777.8% during the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company's stock valued at $28,000 after purchasing an additional 800 shares in the last quarter. FIL Ltd bought a new stake in Caesars Entertainment during the fourth quarter worth approximately $28,000. Resona Asset Management Co. Ltd. bought a new position in shares of Caesars Entertainment during the 4th quarter valued at approximately $44,000. Canada Pension Plan Investment Board lifted its holdings 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 during the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of Caesars Entertainment during the 4th quarter worth approximately $71,000. Institutional investors own 91.79% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Capital One Financial upgraded Caesars Entertainment from an "equal weight" rating to an "overweight" rating and cut their price target for the company from $51.00 to $47.00 in a research note on Thursday, April 3rd. Susquehanna upped their price objective on Caesars Entertainment from $23.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Truist Financial decreased their price target on shares of Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Raymond James reduced 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, Stifel Nicolaus decreased 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 report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Caesars Entertainment currently has an average rating of "Moderate Buy" and a consensus price target of $43.77.
Get Our Latest Research Report on CZR
Caesars Entertainment Price Performance
Shares of NASDAQ:CZR traded up $0.54 during midday trading on Tuesday, reaching $28.23. 1,506,672 shares of the company's stock traded hands, compared to its average volume of 4,910,163. The company has a market cap of $5.87 billion, a P/E ratio of -16.91 and a beta of 2.51. The company has a fifty day simple moving average of $26.99 and a two-hundred day simple moving average of $32.03. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment, Inc. has a 1 year low of $21.40 and a 1 year high of $45.93.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.35). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The firm had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.82 billion. During the same quarter last year, the business earned ($0.73) EPS. The business's revenue was up 1.9% compared to the same quarter last year. Equities analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.
Caesars Entertainment Company Profile
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Free Report)
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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