Hsbc Holdings PLC boosted its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 16.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 308,386 shares of the company's stock after buying an additional 44,672 shares during the period. Hsbc Holdings PLC owned approximately 0.15% of Caesars Entertainment worth $10,272,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Caesars Entertainment by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 23,364,859 shares of the company's stock valued at $780,854,000 after acquiring an additional 100,263 shares during the last quarter. Capital Research Global Investors grew its position in Caesars Entertainment by 14.8% in the 4th quarter. Capital Research Global Investors now owns 19,811,919 shares of the company's stock valued at $662,088,000 after acquiring an additional 2,555,876 shares during the last quarter. Cohen & Steers Inc. grew its position in Caesars Entertainment by 14.8% in the 4th 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 during the last quarter. Invesco Ltd. grew its position in 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 acquiring an additional 1,213,426 shares during the last quarter. Finally, Norges Bank bought a new position in Caesars Entertainment in the 4th quarter valued at $75,058,000. Hedge funds and other institutional investors own 91.79% of the company's stock.
Caesars Entertainment Stock Up 0.5 %
Shares of NASDAQ CZR traded up $0.14 during trading hours on Thursday, hitting $27.20. 7,048,711 shares of the stock were exchanged, compared to its average volume of 4,927,749. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The company has a market cap of $5.77 billion, a PE ratio of -16.29 and a beta of 2.67. The firm has a fifty day moving average price of $27.55 and a 200-day moving average price of $33.95. Caesars Entertainment, Inc. has a 12 month low of $21.40 and a 12 month high of $45.93.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.54) 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 the consensus estimate of $2.82 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company's revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.73) EPS. On average, sell-side analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on CZR shares. Morgan Stanley dropped their price target on 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. Raymond James dropped their price target on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, March 19th. TD Cowen dropped their price target on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. Truist Financial dropped their price target on 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, Macquarie dropped their price target 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. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $45.64.
Get Our Latest Analysis on CZR
Caesars Entertainment Company Profile
(
Free Report)
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.
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