SG Americas Securities LLC Sells 652,416 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

SG Americas Securities LLC cut its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 97.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,310 shares of the company's stock after selling 652,416 shares during the quarter. SG Americas Securities LLC's holdings in Caesars Entertainment were worth $383,000 as of its most recent SEC filing.

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

Caesars Entertainment Stock Performance

Shares of NASDAQ:CZR traded down $1.01 during midday trading on Wednesday, reaching $28.60. The company had a trading volume of 5,066,462 shares, compared to its average volume of 4,926,261. The stock has a market cap of $5.95 billion, a P/E ratio of -26.24, a P/E/G ratio of 1.40 and a beta of 2.31. The company's 50 day moving average price is $27.56 and its 200 day moving average price is $30.44. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 5.84. Caesars Entertainment, Inc. has a 52-week low of $21.40 and a 52-week high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $2.82 billion. During the same period in the prior year, the firm posted ($0.73) EPS. The business's revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CZR. Truist Financial dropped their price target on Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company dropped their target price on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. 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 report on Wednesday, April 30th. Capital One Financial upgraded shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $51.00 to $47.00 in a report on Thursday, April 3rd. Finally, Susquehanna increased their price objective on shares of Caesars Entertainment from $23.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Three investment 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 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.