Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Purchased by Progeny 3 Inc.

Progeny 3 Inc. boosted its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 45.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,310,300 shares of the company's stock after acquiring an additional 408,300 shares during the period. Caesars Entertainment accounts for about 3.5% of Progeny 3 Inc.'s holdings, making the stock its 15th biggest position. Progeny 3 Inc. owned 0.62% of Caesars Entertainment worth $43,790,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Caesars Entertainment by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 23,364,859 shares of the company's stock worth $780,854,000 after purchasing an additional 100,263 shares during the period. Capital Research Global Investors raised its holdings 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 worth $662,088,000 after purchasing an additional 2,555,876 shares during the period. Cohen & Steers Inc. raised its stake in Caesars Entertainment by 14.8% during the 4th quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company's stock worth $487,265,000 after acquiring an additional 1,882,728 shares during the period. Invesco Ltd. lifted its position in shares of Caesars Entertainment by 28.0% in the fourth quarter. Invesco Ltd. now owns 5,553,375 shares of the company's stock valued at $185,594,000 after acquiring an additional 1,213,426 shares in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its stake in Caesars Entertainment by 41.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,658,694 shares of the company's stock worth $122,274,000 after purchasing an additional 1,065,506 shares in the last quarter. Institutional investors own 91.79% of the company's stock.

Caesars Entertainment Price Performance

Caesars Entertainment stock traded down $0.07 during midday trading on Tuesday, reaching $29.51. 1,008,323 shares of the company were exchanged, compared to its average volume of 4,925,687. Caesars Entertainment, Inc. has a 1 year low of $21.40 and a 1 year high of $45.93. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of -17.67 and a beta of 2.51. The firm's 50-day simple moving average is $26.97 and its 200-day simple moving average is $32.45. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.35). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business posted ($0.73) EPS. The firm's revenue was up 1.9% compared to the same quarter last year. On average, analysts anticipate 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 recent analyst reports. Raymond James reduced their price target on 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 Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Truist Financial dropped their target price 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. Macquarie lowered their price target on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Finally, TD Cowen dropped their price objective on shares of Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a research note on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Caesars Entertainment has an average rating of "Moderate Buy" and an average target price of $43.77.

Caesars Entertainment 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.