Woodline Partners LP Takes $426,000 Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Woodline Partners LP bought a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,760 shares of the company's stock, valued at approximately $426,000.

A number of other large investors also recently modified their holdings of CZR. Avior Wealth Management LLC increased its position in shares of Caesars Entertainment by 12,577.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company's stock valued at $76,000 after purchasing an additional 2,264 shares during the last quarter. KBC Group NV increased its position in shares of Caesars Entertainment by 26.9% in the 4th quarter. KBC Group NV now owns 9,496 shares of the company's stock valued at $317,000 after purchasing an additional 2,011 shares during the last quarter. Lebenthal Global Advisors LLC increased its position in shares of Caesars Entertainment by 5.7% in the 4th quarter. Lebenthal Global Advisors LLC now owns 10,890 shares of the company's stock valued at $364,000 after purchasing an additional 587 shares during the last quarter. DAVENPORT & Co LLC increased its position in shares of Caesars Entertainment by 5,639.8% in the 4th quarter. DAVENPORT & Co LLC now owns 303,691 shares of the company's stock valued at $10,149,000 after purchasing an additional 298,400 shares during the last quarter. Finally, Osborne Partners Capital Management LLC increased its position in shares of Caesars Entertainment by 1.9% in the 4th quarter. Osborne Partners Capital Management LLC now owns 331,944 shares of the company's stock valued at $11,094,000 after purchasing an additional 6,102 shares during 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 $0.37 during mid-day trading on Friday, hitting $26.90. The stock had a trading volume of 5,334,923 shares, compared to its average volume of 4,844,412. Caesars Entertainment, Inc. has a fifty-two week low of $21.40 and a fifty-two week high of $45.93. The firm has a market cap of $5.59 billion, a PE ratio of -16.11 and a beta of 2.51. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The company's 50-day simple moving average is $26.96 and its 200-day simple moving average is $31.69.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its earnings results 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 4.44% and a negative net margin of 3.20%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business posted ($0.73) EPS. The firm's revenue was up 1.9% on a year-over-year basis. Sell-side analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Analysts Set New Price Targets

CZR has been the topic of a number of recent analyst reports. Susquehanna increased their price objective on shares of Caesars Entertainment from $23.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Barclays increased their target price on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Morgan Stanley dropped their target price on shares of Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Truist Financial dropped their target price on shares of Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Capital One Financial raised shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and dropped their target price for the company from $51.00 to $47.00 in a research report on Thursday, April 3rd. Three investment 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 stock. According to data from MarketBeat, the stock currently has a consensus 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.