Gotham Asset Management LLC Purchases 63,743 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Gotham Asset Management LLC boosted its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 81.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,298 shares of the company's stock after buying an additional 63,743 shares during the quarter. Gotham Asset Management LLC owned 0.07% of Caesars Entertainment worth $4,756,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Graham Capital Management L.P. purchased a new stake in shares of Caesars Entertainment during the fourth quarter valued at $237,000. Focus Partners Wealth purchased a new stake in Caesars Entertainment in the 4th quarter worth about $844,000. Ethic Inc. lifted its stake in Caesars Entertainment by 11.5% in the 4th quarter. Ethic Inc. now owns 7,038 shares of the company's stock worth $235,000 after acquiring an additional 727 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in Caesars Entertainment by 41.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,658,694 shares of the company's stock worth $122,274,000 after acquiring an additional 1,065,506 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Caesars Entertainment by 60.5% in the 4th quarter. Deutsche Bank AG now owns 1,206,435 shares of the company's stock worth $40,319,000 after acquiring an additional 454,988 shares in the last quarter. Institutional investors own 91.79% of the company's stock.

Caesars Entertainment Stock Performance

CZR traded up $0.39 during midday trading on Friday, reaching $30.70. The company's stock had a trading volume of 3,449,549 shares, compared to its average volume of 4,942,945. The stock has a market cap of $6.38 billion, a P/E ratio of -18.38 and a beta of 2.51. The company has a fifty day simple moving average of $26.92 and a 200 day simple moving average of $32.63. 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, 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 released 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). The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned ($0.73) EPS. Research analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CZR shares. Barclays increased their price objective on Caesars Entertainment from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Susquehanna raised their price target on Caesars Entertainment from $23.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Wells Fargo & Company cut their price target on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Capital One Financial raised Caesars Entertainment from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $51.00 to $47.00 in a research note on Thursday, April 3rd. Finally, Stifel Nicolaus cut their price target on Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Caesars Entertainment has a consensus rating of "Moderate Buy" and a consensus price target 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.