Gabelli Funds LLC Has $5.40 Million Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

Gabelli Funds LLC raised its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,700 shares of the company's stock after buying an additional 15,500 shares during the quarter. Gabelli Funds LLC owned about 0.08% of Caesars Entertainment worth $5,404,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Guggenheim Capital LLC lifted its position in Caesars Entertainment by 44.5% in the fourth quarter. Guggenheim Capital LLC now owns 19,626 shares of the company's stock valued at $656,000 after buying an additional 6,047 shares during the last quarter. Quaker Capital Investments LLC lifted its position in shares of Caesars Entertainment by 12.2% during the fourth quarter. Quaker Capital Investments LLC now owns 370,272 shares of the company's stock worth $12,374,000 after purchasing an additional 40,250 shares in the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in Caesars Entertainment in the fourth quarter valued at approximately $71,000. Cohen & Steers Inc. raised its holdings in Caesars Entertainment by 14.8% in the fourth quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company's stock valued at $487,265,000 after acquiring an additional 1,882,728 shares in the last quarter. Finally, Cooper Creek Partners Management LLC raised its holdings in Caesars Entertainment by 27.5% in the fourth quarter. Cooper Creek Partners Management LLC now owns 1,511,610 shares of the company's stock valued at $50,518,000 after acquiring an additional 326,033 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company's stock.

Caesars Entertainment Stock Performance

CZR traded up $0.06 during trading hours on Wednesday, hitting $26.81. The company's stock had a trading volume of 3,760,816 shares, compared to its average volume of 4,852,737. Caesars Entertainment, Inc. has a fifty-two week low of $21.40 and a fifty-two week 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. The firm has a market capitalization of $5.68 billion, a PE ratio of -16.05 and a beta of 2.67. The company has a 50-day simple moving average of $28.84 and a 200 day simple moving average of $34.56.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.20. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.81 billion. As a group, sell-side analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CZR shares. Macquarie reduced their target price on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Susquehanna dropped their price target on shares of Caesars Entertainment from $30.00 to $23.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. 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. Truist Financial reduced their target price on shares of Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Finally, Morgan Stanley cut their price target on shares of Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $46.43.

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.