Focus Partners Wealth Acquires Shares of 25,263 Caesars Entertainment, Inc. (NASDAQ:CZR)

Focus Partners Wealth acquired a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,263 shares of the company's stock, valued at approximately $844,000.

Other institutional investors also recently bought and sold shares of the company. Ethic Inc. increased its stake in shares of Caesars Entertainment by 11.5% during the fourth quarter. Ethic Inc. now owns 7,038 shares of the company's stock worth $235,000 after acquiring an additional 727 shares during the period. Frontier Capital Management Co. LLC increased its stake in shares of Caesars Entertainment by 41.1% during the fourth quarter. Frontier Capital Management Co. LLC now owns 3,658,694 shares of the company's stock worth $122,274,000 after acquiring an additional 1,065,506 shares during the period. Deutsche Bank AG increased its stake in shares of Caesars Entertainment by 60.5% during the fourth quarter. Deutsche Bank AG now owns 1,206,435 shares of the company's stock worth $40,319,000 after acquiring an additional 454,988 shares during the period. Brevan Howard Capital Management LP acquired a new position in shares of Caesars Entertainment during the fourth quarter worth about $1,309,000. Finally, Bridgefront Capital LLC increased its stake in shares of Caesars Entertainment by 75.8% during the fourth quarter. Bridgefront Capital LLC now owns 11,297 shares of the company's stock worth $378,000 after acquiring an additional 4,872 shares during the period. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Stock Performance

Shares of CZR opened at $30.70 on Monday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of -18.38 and a beta of 2.51. The company's 50 day simple moving average is $26.92 and its 200 day simple moving average is $32.52. 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 announced its quarterly earnings data 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 firm had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.82 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business's quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.73) EPS. On average, sell-side analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CZR shares. Susquehanna boosted their price target on shares of Caesars Entertainment from $23.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Stifel Nicolaus lowered their target price on shares of Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Macquarie lowered their target price on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Barclays upped their target price on shares of Caesars Entertainment from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $45.00 price target on shares of Caesars Entertainment in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Caesars Entertainment currently has a consensus rating of "Moderate Buy" and an average price target of $43.77.

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.

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