Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Acquired by Sona Asset Management US LLC

Sona Asset Management US LLC lifted its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 31.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 250,000 shares of the company's stock after acquiring an additional 60,000 shares during the quarter. Sona Asset Management US LLC owned 0.12% of Caesars Entertainment worth $8,355,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CZR. Vanguard Group Inc. raised its holdings in shares of Caesars Entertainment by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 23,364,859 shares of the company's stock valued at $780,854,000 after purchasing an additional 100,263 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of 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 purchasing an additional 2,555,876 shares in the last quarter. Cohen & Steers Inc. raised its holdings in shares of 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 purchasing an additional 1,882,728 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Caesars Entertainment by 28.0% in the 4th quarter. Invesco Ltd. now owns 5,553,375 shares of the company's stock valued at $185,594,000 after purchasing an additional 1,213,426 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its holdings in shares of 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 valued at $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 Stock Performance

NASDAQ:CZR traded down $1.13 during trading hours on Monday, hitting $29.57. 3,190,141 shares of the company were exchanged, compared to its average volume of 4,941,030. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. Caesars Entertainment, Inc. has a 52-week low of $21.40 and a 52-week high of $45.93. The company's 50 day moving average price is $26.97 and its 200-day moving average price is $32.45. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of -17.71 and a beta of 2.51.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.35). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the firm posted ($0.73) earnings per share. The business's revenue was up 1.9% on a year-over-year basis. As a group, research analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CZR shares. Truist Financial reduced their price target on shares of Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Morgan Stanley cut their price objective on shares of Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Barclays lifted their price objective on shares of Caesars Entertainment from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Stifel Nicolaus cut their price objective on shares of Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Capital One Financial raised shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and cut their price objective for the stock from $51.00 to $47.00 in a research report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, 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.