Long Pond Capital LP Has $17.03 Million Stock Position in Caesars Entertainment, Inc. $CZR

Key Points

• Long Pond Capital LP has increased its stake in Caesars Entertainment by 54%, now owning approximately 681,189 shares valued at $17.03 million, making it the fund’s 24th largest holding.
• Institutional investors hold approximately 91.79% of Caesars Entertainment's stock, indicating significant institutional interest in the company.
• According to analysts, Caesars Entertainment's stock has an average target price of $42.47 with ratings varying from Strong Buy to Hold among multiple brokerages.

Long Pond Capital LP increased its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 54.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 681,189 shares of the company's stock after purchasing an additional 238,894 shares during the period. Caesars Entertainment makes up approximately 1.1% of Long Pond Capital LP's investment portfolio, making the stock its 24th largest holding. Long Pond Capital LP owned about 0.33% of Caesars Entertainment worth $17,030,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CZR. Mather Group LLC. grew its position in shares of 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 during the period. Resona Asset Management Co. Ltd. grew its position in shares of Caesars Entertainment by 35.8% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,809 shares of the company's stock worth $46,000 after buying an additional 477 shares during the period. Fifth Lane Capital LP grew its position in shares of Caesars Entertainment by 6.3% during the 4th quarter. Fifth Lane Capital LP now owns 8,500 shares of the company's stock worth $284,000 after buying an additional 500 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Caesars Entertainment by 3.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,207 shares of the company's stock worth $608,000 after buying an additional 549 shares during the period. Finally, American Trust grew its position in shares of Caesars Entertainment by 8.7% during the 4th quarter. American Trust now owns 7,505 shares of the company's stock worth $251,000 after buying an additional 601 shares during the period. Institutional investors and hedge funds own 91.79% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CZR. Cfra restated a "hold" rating and issued a $50.00 price target on shares of Caesars Entertainment in a report on Friday, July 11th. Truist Financial lowered their price target on Caesars Entertainment from $38.00 to $37.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. JPMorgan Chase & Co. increased their price target on Caesars Entertainment from $47.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Barclays lowered their price target on Caesars Entertainment from $45.00 to $43.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Finally, Citigroup restated a "market outperform" rating on shares of Caesars Entertainment in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Caesars Entertainment presently has an average rating of "Moderate Buy" and an average target price of $42.47.

Caesars Entertainment Stock Performance

CZR opened at $26.75 on Monday. The business's 50-day moving average price is $27.84 and its two-hundred day moving average price is $28.47. Caesars Entertainment, Inc. has a 1 year low of $21.40 and a 1 year high of $45.93. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of -29.08 and a beta of 2.40. 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 announced its quarterly earnings data on Tuesday, July 29th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.46). The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.85 billion. Caesars Entertainment had a negative net margin of 1.71% and a negative return on equity of 4.55%. Caesars Entertainment's revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.56) EPS. Equities analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal 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.

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