Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Acquired by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL grew its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 376,968 shares of the company's stock after purchasing an additional 34,265 shares during the quarter. Gamco Investors INC. ET AL owned 0.18% of Caesars Entertainment worth $12,598,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Caesars Entertainment by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 23,364,859 shares of the company's stock worth $780,854,000 after buying an additional 100,263 shares in the last quarter. Cohen & Steers Inc. grew its holdings in Caesars Entertainment by 14.8% during the 4th quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company's stock worth $487,265,000 after acquiring an additional 1,882,728 shares in the last quarter. Invesco Ltd. increased its position in shares of Caesars Entertainment by 28.0% in the 4th quarter. Invesco Ltd. now owns 5,553,375 shares of the company's stock valued at $185,594,000 after purchasing an additional 1,213,426 shares during the last quarter. Norges Bank acquired a new stake in shares of Caesars Entertainment in the 4th quarter valued at $75,058,000. Finally, Appaloosa LP lifted its position in shares of Caesars Entertainment by 2.3% during the 4th quarter. Appaloosa LP now owns 2,200,000 shares of the company's stock worth $73,524,000 after purchasing an additional 50,000 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company's stock.

Caesars Entertainment Stock Performance

Caesars Entertainment stock traded down $0.63 during mid-day trading on Monday, reaching $24.88. 799,271 shares of the company were exchanged, compared to its average volume of 5,376,555. The firm has a market cap of $5.27 billion, a PE ratio of -14.90 and a beta of 2.67. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The firm's 50-day simple moving average is $29.30 and its two-hundred day simple moving average is $34.75. Caesars Entertainment, Inc. has a twelve month low of $21.40 and a twelve month high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. Equities analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

CZR has been the topic of several recent analyst reports. Stifel Nicolaus dropped their target price on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Macquarie cut their target price on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Raymond James lowered their price target on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a report on Wednesday, March 19th. TD Cowen cut their price objective on shares of Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Caesars Entertainment presently has a consensus rating of "Moderate Buy" and an average price target of $47.14.

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.