UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 99,843 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 24.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 503,387 shares of the company's stock after purchasing an additional 99,843 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.24% of Caesars Entertainment worth $16,823,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Villere ST Denis J & Co. LLC lifted its position in shares of Caesars Entertainment by 6.2% during 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 purchasing an additional 47,294 shares in the last quarter. Cannell Capital LLC bought a new position in shares of Caesars Entertainment during the 4th quarter worth approximately $13,498,000. Guyasuta Investment Advisors Inc. bought a new position in shares of Caesars Entertainment during the 4th quarter worth approximately $385,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Caesars Entertainment by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company's stock worth $62,728,000 after buying an additional 11,671 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Caesars Entertainment by 40.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,550 shares of the company's stock valued at $779,000 after acquiring an additional 6,778 shares in the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

Caesars Entertainment Stock Performance

Shares of CZR stock traded down $0.78 during trading on Monday, reaching $26.10. 6,963,429 shares of the company's stock traded hands, compared to its average volume of 4,852,595. The firm's 50-day moving average is $26.93 and its 200 day moving average is $31.62. The company has a market capitalization of $5.43 billion, a P/E ratio of -15.63 and a beta of 2.51. Caesars Entertainment, Inc. has a 1 year low of $21.40 and a 1 year high of $45.93. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its 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). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the firm earned ($0.73) EPS. The company's revenue was up 1.9% compared to the same quarter last year. Equities research analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Capital One Financial upgraded Caesars Entertainment from an "equal weight" rating to an "overweight" rating and dropped their price target for the stock from $51.00 to $47.00 in a report on Thursday, April 3rd. Raymond James cut their price target on shares of 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 decreased their price objective on shares of Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company lowered their price objective 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. Finally, Truist Financial reduced their target price on shares of Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Caesars Entertainment presently has an average rating of "Moderate Buy" and an average target price of $43.77.

Caesars Entertainment 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.