Jump Financial LLC Has $597,000 Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Jump Financial LLC lowered its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 68.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,869 shares of the company's stock after selling 37,914 shares during the period. Jump Financial LLC's holdings in Caesars Entertainment were worth $597,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Caesars Entertainment in the fourth quarter worth $75,058,000. Cohen & Steers Inc. increased its stake in Caesars Entertainment by 14.8% during the 4th quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company's stock valued at $487,265,000 after buying an additional 1,882,728 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Caesars Entertainment by 383.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company's stock worth $71,536,000 after buying an additional 1,697,443 shares in the last quarter. Invesco Ltd. lifted its stake 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 worth $185,594,000 after acquiring an additional 1,213,426 shares during the period. Finally, ING Groep NV bought a new position in shares of Caesars Entertainment in the fourth quarter valued at approximately $35,797,000. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Stock Performance

Caesars Entertainment stock traded down $0.96 on Tuesday, reaching $27.10. 1,137,909 shares of the stock were exchanged, compared to its average volume of 4,882,424. The stock has a market cap of $5.75 billion, a PE ratio of -16.25 and a beta of 2.67. The firm has a fifty day moving average price of $27.91 and a two-hundred day moving average price of $34.04. Caesars Entertainment, Inc. has a twelve month low of $21.40 and a twelve month 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.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CZR. Stifel Nicolaus decreased their price target on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Susquehanna lowered their price objective 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. Capital One Financial raised shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $51.00 to $47.00 in a research note on Thursday, April 3rd. 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 report on Wednesday, March 19th. Finally, Jefferies Financial Group reduced their price objective on Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $45.86.

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.