Mesirow Institutional Investment Management Inc. Has $2.97 Million Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Mesirow Institutional Investment Management Inc. lifted its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 20.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,741 shares of the company's stock after acquiring an additional 15,337 shares during the quarter. Mesirow Institutional Investment Management Inc.'s holdings in Caesars Entertainment were worth $2,966,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. FIL Ltd acquired a new position in Caesars Entertainment during the fourth quarter worth approximately $28,000. Bogart Wealth LLC grew its position in Caesars Entertainment by 1,777.8% during the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company's stock valued at $28,000 after acquiring an additional 800 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in Caesars Entertainment during the fourth quarter worth about $44,000. Canada Pension Plan Investment Board lifted its stake in shares of Caesars Entertainment by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock valued at $53,000 after purchasing an additional 800 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in shares of Caesars Entertainment during the 4th quarter worth about $71,000. Hedge funds and other institutional investors own 91.79% of the company's stock.

Caesars Entertainment Price Performance

Shares of CZR traded up $1.27 during mid-day trading on Friday, hitting $28.44. 5,507,540 shares of the company traded hands, compared to its average volume of 4,904,767. The business has a 50-day moving average of $28.11 and a 200 day moving average of $34.29. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of -17.03 and a beta of 2.67. Caesars Entertainment, Inc. has a one year low of $21.40 and a one year 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 released its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.20. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. As a group, equities analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on CZR shares. Macquarie reduced their price objective on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company dropped their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Raymond James lowered their price target on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a report on Wednesday, March 19th. Susquehanna decreased their price objective on shares of Caesars Entertainment from $30.00 to $23.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Capital One Financial raised Caesars Entertainment from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $51.00 to $47.00 in a report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Caesars Entertainment has a consensus rating of "Moderate Buy" and a consensus 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.