WCM Investment Management LLC Purchases 28,554 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

WCM Investment Management LLC grew its stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 9.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 334,335 shares of the company's stock after acquiring an additional 28,554 shares during the period. WCM Investment Management LLC owned about 0.15% of Caesars Entertainment worth $15,988,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CZR. Aspire Private Capital LLC grew its holdings in Caesars Entertainment by 172.8% during the 4th quarter. Aspire Private Capital LLC now owns 401 shares of the company's stock worth $16,681,600,000 after acquiring an additional 254 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Caesars Entertainment during the 3rd quarter worth approximately $32,000. Covestor Ltd grew its holdings in Caesars Entertainment by 958.7% during the 1st quarter. Covestor Ltd now owns 1,154 shares of the company's stock worth $89,000 after acquiring an additional 1,045 shares in the last quarter. Centaurus Financial Inc. grew its holdings in Caesars Entertainment by 19.3% during the 1st quarter. Centaurus Financial Inc. now owns 1,412 shares of the company's stock worth $109,000 after acquiring an additional 228 shares in the last quarter. Finally, UniSuper Management Pty Ltd acquired a new position in Caesars Entertainment during the 2nd quarter worth approximately $76,000. 91.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Barclays lowered their target price on shares of Caesars Entertainment from $67.00 to $65.00 and set an "overweight" rating for the company in a report on Wednesday, February 21st. Stifel Nicolaus lowered their target price on shares of Caesars Entertainment from $70.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, January 18th. Morgan Stanley upped their target price on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an "equal weight" rating in a report on Tuesday, April 9th. JMP Securities restated a "market outperform" rating and issued a $65.00 target price on shares of Caesars Entertainment in a report on Wednesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Caesars Entertainment from $62.00 to $59.00 and set a "buy" rating for the company in a report on Friday. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $58.18.

Insider Activity

In related news, Director Michael E. Pegram purchased 15,000 shares of the business's stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average price of $41.45 per share, for a total transaction of $621,750.00. Following the acquisition, the director now directly owns 4,612 shares of the company's stock, valued at approximately $191,167.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.64% of the company's stock.

Caesars Entertainment Stock Performance

Caesars Entertainment stock traded down $2.12 during trading hours on Friday, reaching $40.10. 5,028,084 shares of the stock were exchanged, compared to its average volume of 2,665,621. The stock has a market cap of $8.67 billion, a P/E ratio of 11.05 and a beta of 2.81. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.74 and a current ratio of 0.76. Caesars Entertainment, Inc. has a 52-week low of $38.33 and a 52-week high of $60.27. The firm's 50 day moving average is $42.23 and its 200 day moving average is $43.83.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.31). The company had revenue of $2.83 billion during the quarter, compared to analysts' expectations of $2.85 billion. Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.11) EPS. Analysts predict that Caesars Entertainment, Inc. will post 1.14 EPS for the current fiscal year.

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.