Scientech Research LLC Takes Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Scientech Research LLC acquired a new stake in shares of 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 acquired 31,133 shares of the company's stock, valued at approximately $1,040,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Caesars Entertainment by 1.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,504 shares of the company's stock worth $1,287,000 after buying an additional 408 shares in the last quarter. Arizona State Retirement System raised its position in Caesars Entertainment by 0.8% during the fourth quarter. Arizona State Retirement System now owns 62,785 shares of the company's stock worth $2,098,000 after acquiring an additional 470 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in Caesars Entertainment by 6.1% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 8,700 shares of the company's stock worth $291,000 after acquiring an additional 500 shares during the period. Contrarian Capital Management L.L.C. raised its position in Caesars Entertainment by 0.4% during the fourth quarter. Contrarian Capital Management L.L.C. now owns 118,000 shares of the company's stock worth $3,944,000 after acquiring an additional 500 shares during the period. Finally, Fifth Lane Capital LP raised its position in Caesars Entertainment by 6.3% during the fourth quarter. Fifth Lane Capital LP now owns 8,500 shares of the company's stock worth $284,000 after acquiring an additional 500 shares during the period. Institutional investors own 91.79% of the company's stock.

Wall Street Analyst Weigh In

CZR has been the subject of several research reports. Capital One Financial upgraded Caesars Entertainment from an "equal weight" rating to an "overweight" rating and dropped their price target for the stock from $51.00 to $47.00 in a research report on Thursday, April 3rd. Susquehanna increased their target price on shares of Caesars Entertainment from $23.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Morgan Stanley reduced their target price on shares of Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Wells Fargo & Company reduced their target price on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus reduced their target price on shares of Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $43.77.

Caesars Entertainment Trading Down 0.5%

Shares of Caesars Entertainment stock traded down $0.16 during trading hours on Tuesday, hitting $29.41. The company's stock had a trading volume of 3,489,224 shares, compared to its average volume of 4,938,940. Caesars Entertainment, Inc. has a twelve month low of $21.40 and a twelve month high of $45.93. The firm has a fifty day moving average of $27.02 and a 200-day moving average of $32.43. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of -17.61 and a beta of 2.51. 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 quarterly earnings results on Tuesday, April 29th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.35). The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the company earned ($0.73) EPS. Research analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

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.