Twinbeech Capital LP Sells 21,289 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Twinbeech Capital LP lessened its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 56.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,328 shares of the company's stock after selling 21,289 shares during the quarter. Twinbeech Capital LP's holdings in Caesars Entertainment were worth $546,000 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. Villere ST Denis J & Co. LLC boosted its position in shares of Caesars Entertainment by 6.2% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company's stock valued at $26,877,000 after acquiring an additional 47,294 shares during the period. Cannell Capital LLC bought a new stake in Caesars Entertainment in the fourth quarter valued at $13,498,000. Guyasuta Investment Advisors Inc. bought a new stake in Caesars Entertainment in the fourth quarter valued at $385,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Caesars Entertainment by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company's stock valued at $62,728,000 after buying an additional 11,671 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Caesars Entertainment by 40.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,550 shares of the company's stock valued at $779,000 after buying an additional 6,778 shares in the last quarter. Institutional investors own 91.79% of the company's stock.

Caesars Entertainment Stock Down 1.2%

CZR traded down $0.33 during trading on Wednesday, hitting $27.92. The company had a trading volume of 916,455 shares, compared to its average volume of 4,908,110. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The firm's 50-day moving average price is $26.99 and its 200 day moving average price is $32.00. The company has a market capitalization of $5.81 billion, a PE ratio of -16.69 and a beta of 2.51. 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 released its earnings results on Tuesday, April 29th. The company reported ($0.54) earnings per share 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 the consensus estimate of $2.82 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.73) earnings per share. As a group, equities analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on CZR. Stifel Nicolaus decreased their price objective on Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Raymond James cut their price target on 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 objective on Caesars Entertainment from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Wells Fargo & Company cut their price objective on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Finally, JMP Securities reissued a "market outperform" rating and set a $45.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.