Long Focus Capital Management LLC Buys 195,000 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Long Focus Capital Management LLC raised its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 29.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 857,200 shares of the company's stock after acquiring an additional 195,000 shares during the period. Caesars Entertainment makes up about 0.9% of Long Focus Capital Management LLC's portfolio, making the stock its 19th biggest position. Long Focus Capital Management LLC owned about 0.40% of Caesars Entertainment worth $28,648,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Dark Forest Capital Management LP raised its position in shares of Caesars Entertainment by 229.6% in the fourth quarter. Dark Forest Capital Management LP now owns 18,752 shares of the company's stock valued at $627,000 after buying an additional 13,063 shares during the last quarter. Khrom Capital Management LLC purchased a new position in Caesars Entertainment in the 4th quarter worth approximately $16,191,000. Hsbc Holdings PLC grew its position in shares of Caesars Entertainment by 16.9% in the fourth quarter. Hsbc Holdings PLC now owns 308,386 shares of the company's stock valued at $10,272,000 after purchasing an additional 44,672 shares in the last quarter. Soros Capital Management LLC increased its holdings in shares of Caesars Entertainment by 20.8% in the fourth quarter. Soros Capital Management LLC now owns 112,220 shares of the company's stock valued at $3,750,000 after purchasing an additional 19,294 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Caesars Entertainment by 30.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 17,579 shares of the company's stock worth $587,000 after buying an additional 4,069 shares in the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR traded down $0.27 during trading on Monday, hitting $28.18. The company had a trading volume of 1,392,736 shares, compared to its average volume of 4,885,877. Caesars Entertainment, Inc. has a 52 week low of $21.40 and a 52 week high of $45.93. The business's 50-day moving average is $28.11 and its 200 day moving average is $34.15. The company has a market cap of $5.97 billion, a P/E ratio of -16.85 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.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its 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 during 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 research analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CZR shares. Raymond James decreased their price objective 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. Wells Fargo & Company dropped their price target on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Susquehanna reduced their target price on shares of Caesars Entertainment from $30.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Capital One Financial raised Caesars Entertainment from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $51.00 to $47.00 in a research report on Thursday, April 3rd. Finally, Macquarie cut their price target on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Caesars Entertainment currently has a consensus rating of "Moderate Buy" and a consensus price target 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.