MidWestOne Financial Group Inc. Decreases Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

MidWestOne Financial Group Inc. reduced its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 41.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,297 shares of the company's stock after selling 17,519 shares during the period. MidWestOne Financial Group Inc.'s holdings in Caesars Entertainment were worth $812,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. FIL Ltd acquired a new stake in Caesars Entertainment in the fourth quarter valued at approximately $28,000. Bogart Wealth LLC grew its holdings in Caesars Entertainment by 1,777.8% in 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 during the period. Resona Asset Management Co. Ltd. purchased a new position in shares of Caesars Entertainment in the fourth quarter valued at approximately $44,000. Canada Pension Plan Investment Board lifted its position in shares of Caesars Entertainment by 100.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock valued at $53,000 after acquiring an additional 800 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new position in shares of Caesars Entertainment in the fourth quarter valued at approximately $71,000. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR traded down $0.18 during midday trading on Friday, hitting $27.69. The company had a trading volume of 4,038,433 shares, compared to its average volume of 4,923,326. Caesars Entertainment, Inc. has a twelve month low of $21.40 and a twelve month high of $45.93. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of -16.58 and a beta of 2.51. The business's 50-day simple moving average is $27.02 and its 200-day simple moving average is $32.18.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.35). The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. Caesars Entertainment's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.73) EPS. On average, research analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley decreased their target price on Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Truist Financial decreased their target price on Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. TD Cowen decreased their target price on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. Stifel Nicolaus decreased their target price on Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Raymond James decreased their target price on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, March 19th. 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.