600,000 Shares in Caesars Entertainment, Inc. (NASDAQ:CZR) Bought by Mizuho Markets Americas LLC

Key Points

• Mizuho Markets Americas LLC acquired 600,000 shares of Caesars Entertainment, valued at approximately $15 million, representing about 0.29% of the company's shares.
• Several hedge funds increased their positions in Caesars Entertainment, with significant changes reported from Mather Group LLC, GABELLI & Co, and Contrarian Capital Management, contributing to 91.79% institutional ownership.
• Analysts have mixed ratings on Caesars Entertainment, with price targets ranging from $27.00 to $48.00, and a consensus rating of "Moderate Buy" based on the average target price of $42.47.

Mizuho Markets Americas LLC bought a new position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 600,000 shares of the company's stock, valued at approximately $15,000,000. Mizuho Markets Americas LLC owned approximately 0.29% of Caesars Entertainment as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP raised its position in Caesars Entertainment by 45.8% in the 4th quarter. Wellington Management Group LLP now owns 165,351 shares of the company's stock valued at $5,526,000 after buying an additional 51,946 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in Caesars Entertainment in the 4th quarter valued at $44,000. Envestnet Asset Management Inc. raised its position in Caesars Entertainment by 5.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 131,835 shares of the company's stock valued at $4,406,000 after buying an additional 6,779 shares during the last quarter. Federated Hermes Inc. raised its position in Caesars Entertainment by 16.6% in the 4th quarter. Federated Hermes Inc. now owns 162,980 shares of the company's stock valued at $5,447,000 after buying an additional 23,178 shares during the last quarter. Finally, Invesco Ltd. raised its position in Caesars Entertainment by 28.0% in the 4th quarter. Invesco Ltd. now owns 5,553,375 shares of the company's stock valued at $185,594,000 after buying an additional 1,213,426 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CZR has been the subject of a number of analyst reports. Cfra reissued a "hold" rating and issued a $50.00 price target on shares of Caesars Entertainment in a research report on Friday, July 11th. Susquehanna decreased their target price on Caesars Entertainment from $28.00 to $27.00 and set a "neutral" rating for the company in a research report on Friday, August 1st. JMP Securities decreased their target price on Caesars Entertainment from $45.00 to $43.00 and set a "market outperform" rating for the company in a research report on Wednesday, July 30th. Macquarie decreased their target price on Caesars Entertainment from $45.00 to $40.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Finally, Truist Financial decreased their target price on Caesars Entertainment from $38.00 to $37.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.47.

Caesars Entertainment Trading Down 0.2%

Shares of NASDAQ:CZR traded down $0.04 during trading on Monday, hitting $24.00. The company had a trading volume of 6,020,107 shares, compared to its average volume of 6,396,339. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of -26.09 and a beta of 2.40. Caesars Entertainment, Inc. has a one year low of $21.40 and a one year high of $45.93. The company has a fifty day simple moving average of $28.04 and a two-hundred day simple moving average of $29.12. 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 issued its quarterly earnings results on Tuesday, July 29th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.46). Caesars Entertainment had a negative return on equity of 4.55% and a negative net margin of 1.71%. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the prior year, the business posted ($0.56) earnings per share. Caesars Entertainment's revenue was up 2.7% on a year-over-year basis. As a group, equities analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

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.