Marshall Wace LLP Has $7.95 Million Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Marshall Wace LLP decreased its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 49.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 237,803 shares of the company's stock after selling 234,304 shares during the quarter. Marshall Wace LLP owned 0.11% of Caesars Entertainment worth $7,947,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CZR. Principal Financial Group Inc. grew its holdings in shares of Caesars Entertainment by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company's stock worth $60,712,000 after purchasing an additional 59,170 shares during the last quarter. Czech National Bank grew its holdings in shares of Caesars Entertainment by 4.6% in the 4th quarter. Czech National Bank now owns 46,079 shares of the company's stock worth $1,540,000 after purchasing an additional 2,009 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of 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 worth $71,536,000 after purchasing an additional 1,697,443 shares during the last quarter. Key Colony Management LLC bought a new stake in Caesars Entertainment during the 4th quarter worth about $6,350,000. Finally, Aspire Private Capital LLC grew its holdings in Caesars Entertainment by 48.3% during the 4th quarter. Aspire Private Capital LLC now owns 7,683 shares of the company's stock worth $257,000 after acquiring an additional 2,503 shares during the last quarter. Institutional investors own 91.79% of the company's stock.

Caesars Entertainment Trading Down 1.3 %

Shares of NASDAQ:CZR traded down $0.38 during mid-day trading on Monday, reaching $28.06. The stock had a trading volume of 4,231,207 shares, compared to its average volume of 4,896,540. The firm has a market cap of $5.95 billion, a PE ratio of -16.80 and a beta of 2.67. The firm has a 50 day simple moving average of $27.91 and a two-hundred day simple moving average of $34.04. 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, Inc. has a twelve month low of $21.40 and a twelve month high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of ($0.15) by $0.20. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. On average, research analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CZR shares. Raymond James decreased their price objective on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a report on Wednesday, March 19th. Stifel Nicolaus decreased their price objective on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company decreased their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Finally, Truist Financial decreased their price objective on shares of Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Three investment 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $45.86.

Caesars Entertainment Company Profile

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.