Sequoia Financial Advisors LLC Invests $30.15 Million in Caesars Entertainment, Inc. (NASDAQ:CZR)

Sequoia Financial Advisors LLC purchased a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,205,913 shares of the company's stock, valued at approximately $30,148,000. Sequoia Financial Advisors LLC owned approximately 0.57% of Caesars Entertainment as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CZR. Capital Research Global Investors grew 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 valued at $662,088,000 after acquiring an additional 2,555,876 shares during the last quarter. Norges Bank bought a new position in Caesars Entertainment in the fourth quarter valued at about $75,058,000. Cohen & Steers Inc. grew its position in 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 acquiring an additional 1,882,728 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Caesars Entertainment in the fourth quarter valued at about $57,629,000. Finally, Jefferies Financial Group Inc. grew its position in Caesars Entertainment by 3,673.9% in the fourth quarter. Jefferies Financial Group Inc. now owns 1,388,067 shares of the company's stock valued at $46,389,000 after acquiring an additional 1,351,286 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company's stock.

Caesars Entertainment Trading Up 1.2%

Shares of Caesars Entertainment stock traded up $0.35 during midday trading on Friday, reaching $28.86. The company had a trading volume of 6,361,083 shares, compared to its average volume of 4,938,790. The stock has a fifty day moving average price of $27.76 and a 200 day moving average price of $30.32. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.84 and a quick ratio of 0.82. The firm has a market cap of $6.00 billion, a PE ratio of -26.48, a P/E/G ratio of 1.84 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.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.35). Caesars Entertainment had a negative return on equity of 2.60% and a negative net margin of 2.08%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the firm earned ($0.73) earnings per share. Caesars Entertainment's revenue was up 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on CZR. 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. JPMorgan Chase & Co. began coverage on Caesars Entertainment in a report on Monday. They set an "overweight" rating and a $47.00 price target on the stock. Raymond James Financial reduced their price target on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a report on Wednesday, March 19th. Stifel Nicolaus reduced their price target on Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Capital One Financial upgraded Caesars Entertainment from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock from $51.00 to $47.00 in a report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Caesars Entertainment has an average rating of "Moderate Buy" and an average target price of $43.00.

Caesars Entertainment Company 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.