Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,165,196 shares of the company's stock after acquiring an additional 112,458 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.00% of Caesars Entertainment worth $101,504,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CZR. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Caesars Entertainment during the third quarter valued at $32,000. GAMMA Investing LLC purchased a new stake in Caesars Entertainment during the fourth quarter valued at $99,000. Benjamin F. Edwards & Company Inc. raised its stake in Caesars Entertainment by 2,096.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,196 shares of the company's stock valued at $103,000 after purchasing an additional 2,096 shares in the last quarter. Covestor Ltd raised its stake in Caesars Entertainment by 22.9% during the third quarter. Covestor Ltd now owns 2,575 shares of the company's stock valued at $119,000 after purchasing an additional 480 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Caesars Entertainment by 33.3% during the third quarter. Signaturefd LLC now owns 2,603 shares of the company's stock valued at $121,000 after purchasing an additional 650 shares in the last quarter. Institutional investors own 91.79% of the company's stock.

Insiders Place Their Bets

In other Caesars Entertainment news, Director Michael E. Pegram bought 40,000 shares of the company's stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of $36.39 per share, for a total transaction of $1,455,600.00. Following the acquisition, the director now directly owns 181,697 shares in the company, valued at $6,611,953.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Michael E. Pegram purchased 15,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of $41.45 per share, for a total transaction of $621,750.00. Following the acquisition, the director now owns 4,612 shares of the company's stock, valued at $191,167.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael E. Pegram purchased 40,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was purchased at an average price of $36.39 per share, for a total transaction of $1,455,600.00. Following the completion of the acquisition, the director now directly owns 181,697 shares in the company, valued at approximately $6,611,953.83. The disclosure for this purchase can be found here. 0.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CZR has been the topic of several recent analyst reports. Barclays reduced their target price on shares of Caesars Entertainment from $65.00 to $63.00 and set an "overweight" rating on the stock in a research note on Friday, April 19th. JMP Securities reduced their target price on shares of Caesars Entertainment from $62.00 to $60.00 and set a "market outperform" rating on the stock in a research note on Thursday, May 2nd. TD Cowen reduced their target price on shares of Caesars Entertainment from $53.00 to $50.00 and set a "buy" rating on the stock in a research note on Wednesday, May 1st. Morgan Stanley increased their target price on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 9th. Finally, Truist Financial reduced their target price on shares of Caesars Entertainment from $58.00 to $52.00 and set a "buy" rating on the stock in a research note on Wednesday, May 1st. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $55.08.

Caesars Entertainment Trading Up 0.2 %

CZR stock traded up $0.09 during trading on Monday, hitting $36.27. The company had a trading volume of 2,556,777 shares, compared to its average volume of 3,400,012. The firm has a market capitalization of $7.85 billion, a P/E ratio of 10.27 and a beta of 2.83. Caesars Entertainment, Inc. has a 52-week low of $35.09 and a 52-week high of $60.27. The company has a 50 day simple moving average of $39.99 and a 200-day simple moving average of $42.91. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 2.65.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Caesars Entertainment had a return on equity of 1.27% and a net margin of 6.68%. The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the previous year, the company earned ($0.11) earnings per share. The firm's revenue was up .1% on a year-over-year basis. As a group, research analysts forecast that Caesars Entertainment, Inc. will post 0.13 earnings per share 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.