LMR Partners LLP Increases Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

LMR Partners LLP raised its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 124.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,542 shares of the company's stock after acquiring an additional 26,912 shares during the period. LMR Partners LLP's holdings in Caesars Entertainment were worth $1,622,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ionic Capital Management LLC grew its position in Caesars Entertainment by 17.7% during the fourth quarter. Ionic Capital Management LLC now owns 53,185 shares of the company's stock valued at $1,777,000 after buying an additional 7,999 shares during the period. Jefferies Financial Group Inc. grew its position in Caesars Entertainment by 3,673.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 1,388,067 shares of the company's stock valued at $46,389,000 after buying an additional 1,351,286 shares during the period. Hudson Bay Capital Management LP grew its position in Caesars Entertainment by 291.0% during the fourth quarter. Hudson Bay Capital Management LP now owns 497,999 shares of the company's stock valued at $16,643,000 after buying an additional 758,757 shares during the period. Gotham Asset Management LLC grew its position in Caesars Entertainment by 81.1% during the fourth quarter. Gotham Asset Management LLC now owns 142,298 shares of the company's stock valued at $4,756,000 after buying an additional 63,743 shares during the period. Finally, Graham Capital Management L.P. acquired a new stake in Caesars Entertainment during the fourth quarter valued at $237,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock traded up $0.39 during trading hours on Friday, reaching $30.70. 3,449,549 shares of the company's stock were exchanged, compared to its average volume of 4,942,945. Caesars Entertainment, Inc. has a 1 year low of $21.40 and a 1 year high of $45.93. The company has a market capitalization of $6.38 billion, a P/E ratio of -18.38 and a beta of 2.51. The business has a fifty day moving average of $26.92 and a two-hundred day moving average of $32.63. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84.

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). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.82 billion. During the same period in the previous year, the company earned ($0.73) EPS. Caesars Entertainment's quarterly revenue was up 1.9% compared to the same quarter last year. As a group, research analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on CZR. Morgan Stanley reduced their price objective on shares of Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Susquehanna upped their price objective on shares of Caesars Entertainment from $23.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. TD Cowen reduced their price objective on shares of Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, February 4th. Macquarie reduced their price objective on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Finally, Capital One Financial upgraded shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and reduced their price objective for the stock from $51.00 to $47.00 in a research report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Caesars Entertainment currently has an average rating of "Moderate Buy" and an average target price of $43.77.

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.