Orvieto Partners L.P. Acquires Shares of 140,747 Caesars Entertainment, Inc. (NASDAQ:CZR)

Orvieto Partners L.P. purchased a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 140,747 shares of the company's stock, valued at approximately $4,704,000. Caesars Entertainment makes up about 4.0% of Orvieto Partners L.P.'s investment portfolio, making the stock its 9th biggest holding. Orvieto Partners L.P. owned 0.07% of Caesars Entertainment at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CZR. Capital Research Global Investors grew its stake in Caesars Entertainment by 14.8% in the 4th quarter. Capital Research Global Investors now owns 19,811,919 shares of the company's stock valued at $662,088,000 after acquiring an additional 2,555,876 shares during the last quarter. Norges Bank acquired a new stake in Caesars Entertainment in the 4th quarter valued at about $75,058,000. Cohen & Steers Inc. grew its stake in Caesars Entertainment by 14.8% in the 4th quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company's stock valued at $487,265,000 after acquiring an additional 1,882,728 shares during the last quarter. Assenagon Asset Management S.A. grew its stake 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 acquiring an additional 1,697,443 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Caesars Entertainment by 28.0% during the 4th quarter. Invesco Ltd. now owns 5,553,375 shares of the company's stock worth $185,594,000 after purchasing an additional 1,213,426 shares during the last quarter. Hedge funds and other institutional investors own 91.79% of the company's stock.

Caesars Entertainment Trading Down 3.2 %

Shares of Caesars Entertainment stock traded down $0.90 during trading hours on Tuesday, hitting $27.16. The company's stock had a trading volume of 2,314,958 shares, compared to its average volume of 4,886,964. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $5.76 billion, a PE ratio of -16.35 and a beta of 2.67. The business has a fifty day moving average of $27.91 and a 200 day moving average of $34.04. Caesars Entertainment, Inc. has a 1-year low of $21.40 and a 1-year 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 (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. As a group, equities analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Wall Street Analysts Forecast Growth

CZR has been the topic of several analyst reports. Capital One Financial raised shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $51.00 to $47.00 in a research note on Thursday, April 3rd. Wells Fargo & Company decreased their price target 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. Stifel Nicolaus decreased their price target on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Truist Financial decreased their price target on shares of Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating on the stock in a research note on Friday, January 3rd. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $45.86.

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.