Divisadero Street Capital Management LP Has $4.73 Million Holdings in Caesars Entertainment, Inc. $CZR

Key Points

• Divisadero Street Capital Management LP cut its stake in Caesars by 30%, selling 75,000 shares and retaining 175,000 shares valued at about $4.73 million.
• Caesars reported an EPS of −$1.23 (missing estimates of −$0.18) while revenue rose 4.2% to $2.92 billion, and analysts hold a consensus rating of Moderate Buy with an average target of $33.65.
• Roughly 91.79% of Caesars’ stock is owned by institutional investors and hedge funds, indicating heavy institutional ownership.

Divisadero Street Capital Management LP cut its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 30.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 175,000 shares of the company's stock after selling 75,000 shares during the period. Divisadero Street Capital Management LP owned approximately 0.09% of Caesars Entertainment worth $4,729,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CZR. Hantz Financial Services Inc. lifted its holdings in shares of Caesars Entertainment by 110.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company's stock valued at $26,000 after purchasing an additional 510 shares in the last quarter. Mather Group LLC. acquired a new stake in Caesars Entertainment during the 3rd quarter worth approximately $28,000. Salomon & Ludwin LLC bought a new position in Caesars Entertainment in the third quarter valued at approximately $41,000. Zions Bancorporation National Association UT boosted its holdings in shares of Caesars Entertainment by 5,384.4% in the third quarter. Zions Bancorporation National Association UT now owns 1,755 shares of the company's stock valued at $47,000 after buying an additional 1,723 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Caesars Entertainment during the third quarter worth $49,000. 91.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CZR has been the topic of several research reports. Susquehanna raised shares of Caesars Entertainment from a "neutral" rating to a "positive" rating and boosted their price objective for the company from $25.00 to $31.00 in a research report on Thursday, January 8th. Zacks Research raised Caesars Entertainment from a "strong sell" rating to a "hold" rating in a research note on Friday, March 6th. Citigroup restated a "market outperform" rating on shares of Caesars Entertainment in a report on Tuesday, March 10th. TD Cowen restated a "buy" rating on shares of Caesars Entertainment in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company began coverage on Caesars Entertainment in a research report on Tuesday, November 18th. They set an "equal weight" rating and a $21.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $33.65.

Caesars Entertainment Trading Down 1.2%

Caesars Entertainment stock opened at $28.06 on Monday. The company has a market cap of $5.71 billion, a price-to-earnings ratio of -11.55 and a beta of 1.94. The firm has a 50-day moving average of $22.99 and a 200-day moving average of $23.31. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.80 and a quick ratio of 0.78. Caesars Entertainment, Inc. has a one year low of $17.86 and a one year high of $31.58.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its earnings results on Tuesday, February 17th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.18) by ($1.05). Caesars Entertainment had a negative net margin of 4.37% and a negative return on equity of 7.97%. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the prior year, the firm posted $0.05 EPS. Caesars Entertainment's revenue was up 4.2% compared to the same quarter last year. On average, equities analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Caesars Entertainment Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah's by William F.

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