Rhumbline Advisers Grows Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Rhumbline Advisers lifted its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 38.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 424,448 shares of the company's stock after acquiring an additional 118,581 shares during the quarter. Rhumbline Advisers owned 0.20% of Caesars Entertainment worth $10,611,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Caesars Entertainment by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 23,364,859 shares of the company's stock worth $780,854,000 after purchasing an additional 100,263 shares during the period. Capital Research Global Investors increased its position in Caesars Entertainment by 14.8% in the fourth quarter. Capital Research Global Investors now owns 19,811,919 shares of the company's stock worth $662,088,000 after buying an additional 2,555,876 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of Caesars Entertainment by 14.8% in the fourth quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company's stock valued at $487,265,000 after buying an additional 1,882,728 shares during the period. Invesco Ltd. grew its stake in shares of Caesars Entertainment by 28.0% during the 4th quarter. Invesco Ltd. now owns 5,553,375 shares of the company's stock worth $185,594,000 after acquiring an additional 1,213,426 shares during the period. Finally, Frontier Capital Management Co. LLC increased its stake in shares of Caesars Entertainment by 41.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 3,658,694 shares of the company's stock worth $122,274,000 after purchasing an additional 1,065,506 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company's stock.

Analyst Ratings Changes

CZR has been the topic of a number of recent research reports. JMP Securities reissued a "market outperform" rating and set a $45.00 price objective on shares of Caesars Entertainment in a report on Wednesday, April 30th. Stifel Nicolaus cut their target price on Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Wells Fargo & Company decreased their price objective on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Morgan Stanley dropped their price objective on Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, Raymond James decreased their target price 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. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $43.77.

Caesars Entertainment Stock Up 5.7%

CZR traded up $1.52 during trading on Tuesday, reaching $28.26. The stock had a trading volume of 5,634,875 shares, compared to its average volume of 5,421,443. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of -16.92 and a beta of 2.31. The stock's 50 day moving average is $26.97 and its two-hundred day moving average is $31.22. Caesars Entertainment, Inc. has a one year low of $21.40 and a one year high of $45.93.

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 analysts' consensus estimates of ($0.19) by ($0.35). The business had revenue of $2.79 billion for 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%. The company's revenue was up 1.9% on a year-over-year basis. During the same period last year, the business earned ($0.73) earnings per share. As a group, analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

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.