Universal Beteiligungs und Servicegesellschaft mbH Has $9.07 Million Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has reduced its stake in Caesars Entertainment by 17.0%, holding now 362,650 shares valued at approximately $9.06 million.
• Several institutional investors have significantly increased their positions in Caesars, with DAVENPORT & Co LLC notably boosting its stake by 1,051.1% during the first quarter.
• Analysts have mixed ratings on Caesars Entertainment, with a median target price of $43.13, reflecting an average rating of "Moderate Buy."

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 17.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 362,650 shares of the company's stock after selling 74,191 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.17% of Caesars Entertainment worth $9,066,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CZR. Mather Group LLC. boosted its stake in shares of Caesars Entertainment by 64.4% during the 1st quarter. Mather Group LLC. now owns 1,034 shares of the company's stock worth $26,000 after acquiring an additional 405 shares in the last quarter. FIL Ltd bought a new stake in shares of Caesars Entertainment during the 4th quarter worth $28,000. Allworth Financial LP boosted its stake in shares of Caesars Entertainment by 97.8% during the 1st quarter. Allworth Financial LP now owns 1,339 shares of the company's stock worth $36,000 after acquiring an additional 662 shares in the last quarter. Bogart Wealth LLC lifted its holdings in shares of Caesars Entertainment by 82.8% in the first quarter. Bogart Wealth LLC now owns 1,545 shares of the company's stock valued at $39,000 after purchasing an additional 700 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of Caesars Entertainment in the fourth quarter valued at $44,000. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Stock Down 4.0%

Shares of NASDAQ:CZR traded down $1.19 during midday trading on Tuesday, hitting $28.24. 2,252,511 shares of the stock were exchanged, compared to its average volume of 5,364,865. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment, Inc. has a 52-week low of $21.40 and a 52-week high of $45.93. The business's fifty day simple moving average is $28.45 and its two-hundred day simple moving average is $29.69. The company has a market capitalization of $5.87 billion, a PE ratio of -25.90 and a beta of 2.29.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.35). The firm had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.82 billion. Caesars Entertainment had a negative return on equity of 2.60% and a negative net margin of 2.08%. Caesars Entertainment's revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.73) earnings per share. As a group, research analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CZR has been the subject of a number of research analyst reports. Truist Financial reduced their target price on Caesars Entertainment from $40.00 to $38.00 and set a "buy" rating for the company in a report on Wednesday, July 16th. Stifel Nicolaus reduced their target price on Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Susquehanna increased their target price on Caesars Entertainment from $23.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. increased their target price on Caesars Entertainment from $47.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday, July 22nd. Finally, The Goldman Sachs Group initiated coverage on Caesars Entertainment in a report on Monday, July 7th. They issued a "buy" rating and a $36.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Caesars Entertainment presently has an average rating of "Moderate Buy" and a consensus target price of $43.13.

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.