Private Wealth Partners LLC raised its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 304,762 shares of the company's stock after buying an additional 10,257 shares during the quarter. Private Wealth Partners LLC owned about 0.14% of Caesars Entertainment worth $7,619,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of CZR. Asset Management One Co. Ltd. grew its holdings in shares of Caesars Entertainment by 23.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 5,063 shares of the company's stock valued at $168,000 after purchasing an additional 969 shares during the period. Vontobel Holding Ltd. purchased a new stake in shares of Caesars Entertainment in the fourth quarter valued at about $760,000. ING Groep NV purchased a new stake in shares of Caesars Entertainment in the fourth quarter valued at about $35,797,000. Wolverine Asset Management LLC grew its holdings in shares of Caesars Entertainment by 660.8% in the fourth quarter. Wolverine Asset Management LLC now owns 346,692 shares of the company's stock valued at $11,586,000 after purchasing an additional 301,121 shares during the period. Finally, Paradigm Asset Management Co. LLC purchased a new stake in shares of Caesars Entertainment in the fourth quarter valued at about $755,000. Hedge funds and other institutional investors own 91.79% of the company's stock.
Analyst Ratings Changes
CZR has been the subject of a number of analyst reports. JPMorgan Chase & Co. assumed coverage on shares of Caesars Entertainment in a report on Monday. They issued an "overweight" rating and a $47.00 price objective for the company. Truist Financial decreased their target price on shares of Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Capital One Financial raised shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and decreased their target price for the company from $51.00 to $47.00 in a research report on Thursday, April 3rd. Macquarie decreased 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. Finally, Morgan Stanley decreased their target price on shares of 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. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $43.00.
Read Our Latest Stock Analysis on CZR
Caesars Entertainment Stock Up 1.2%
Shares of CZR traded up $0.35 during mid-day trading on Monday, hitting $28.50. 4,815,113 shares of the company's stock were exchanged, compared to its average volume of 4,916,096. The company has a market cap of $5.93 billion, a price-to-earnings ratio of -26.15, a P/E/G ratio of 1.39 and a beta of 2.31. Caesars Entertainment, Inc. has a fifty-two week low of $21.40 and a fifty-two week high of $45.93. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.82 and a current ratio of 0.84. The stock's 50-day moving average is $27.47 and its 200-day moving average is $30.45.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Caesars Entertainment had a negative return on equity of 2.60% and a negative net margin of 2.08%. The firm'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 company posted ($0.73) EPS. On average, sell-side analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.
Caesars Entertainment Company Profile
(
Free Report)
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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