Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 428,234 shares of the company's stock after selling 17,342 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.20% of Caesars Entertainment worth $14,312,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bogart Wealth LLC grew its position in shares of 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. FIL Ltd acquired a new stake in shares of Caesars Entertainment in the fourth quarter valued at about $28,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Caesars Entertainment in the fourth quarter valued at about $44,000. Canada Pension Plan Investment Board grew 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 purchasing an additional 800 shares during the period. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in shares of Caesars Entertainment in the fourth quarter valued at about $71,000. Institutional investors and hedge funds own 91.79% of the company's stock.

Caesars Entertainment Trading Down 1.6%

CZR stock traded down $0.44 during trading on Thursday, reaching $27.05. 1,835,761 shares of the stock were exchanged, compared to its average volume of 4,915,681. The business has a 50 day moving average price of $26.99 and a 200-day moving average price of $31.97. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of -16.22 and a beta of 2.51. Caesars Entertainment, Inc. has a 1 year low of $21.40 and a 1 year high of $45.93. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.35). The company had revenue of $2.79 billion during 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%. Caesars Entertainment's revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm posted ($0.73) earnings per share. On average, research analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

CZR has been the topic of several research reports. JMP Securities reissued a "market outperform" rating and issued a $45.00 price target on shares of Caesars Entertainment in a research note on Wednesday, April 30th. Raymond James decreased their price target on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, March 19th. Barclays raised their price target on shares of Caesars Entertainment from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Stifel Nicolaus decreased their price target on shares of Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Finally, Macquarie decreased their price target on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Three 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $43.77.

About Caesars Entertainment

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.