Malaga Cove Capital LLC Buys Shares of 10,929 Caesars Entertainment, Inc. (NASDAQ:CZR)

Malaga Cove Capital LLC bought a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,929 shares of the company's stock, valued at approximately $365,000.

Several other hedge funds and other institutional investors have also modified their holdings of CZR. Czech National Bank lifted its position in shares of Caesars Entertainment by 4.6% during the 4th quarter. Czech National Bank now owns 46,079 shares of the company's stock worth $1,540,000 after buying an additional 2,009 shares during the period. Assenagon Asset Management S.A. raised its position in Caesars Entertainment by 383.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company's stock valued at $71,536,000 after purchasing an additional 1,697,443 shares during the last quarter. Key Colony Management LLC bought a new position in Caesars Entertainment in the 4th quarter valued at $6,350,000. Aspire Private Capital LLC raised its position in Caesars Entertainment by 48.3% in the 4th quarter. Aspire Private Capital LLC now owns 7,683 shares of the company's stock valued at $257,000 after purchasing an additional 2,503 shares during the last quarter. Finally, Avior Wealth Management LLC raised its position in Caesars Entertainment by 12,577.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company's stock valued at $76,000 after purchasing an additional 2,264 shares during the last quarter. Institutional investors own 91.79% of the company's stock.

Caesars Entertainment Trading Up 1.3%

Shares of Caesars Entertainment stock traded up $0.39 during trading on Friday, reaching $30.70. 3,449,549 shares of the company were exchanged, compared to its average volume of 4,948,064. 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, Inc. has a twelve month low of $21.40 and a twelve month high of $45.93. The business has a 50-day moving average price of $26.92 and a 200-day moving average price of $32.57. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of -18.38 and a beta of 2.51.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported ($0.54) 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 company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the firm earned ($0.73) earnings per share. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. Sell-side analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CZR has been the subject of several research analyst reports. Raymond James cut their price objective on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a research report on Wednesday, March 19th. Wells Fargo & Company cut their price objective on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Morgan Stanley cut their price objective on 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. Macquarie cut their price objective on 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, Truist Financial cut their price objective on Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.