T. Rowe Price Investment Management Inc. Raises Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

T. Rowe Price Investment Management Inc. raised its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 16.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,569,622 shares of the company's stock after buying an additional 223,861 shares during the period. T. Rowe Price Investment Management Inc. owned 0.74% of Caesars Entertainment worth $52,457,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in Caesars Entertainment by 0.4% during the fourth 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 increased its holdings in shares of Caesars Entertainment by 14.8% during the fourth quarter. Capital Research Global Investors now owns 19,811,919 shares of the company's stock worth $662,088,000 after buying an additional 2,555,876 shares in the last quarter. Cohen & Steers Inc. lifted its stake 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 acquiring an additional 1,882,728 shares during the last quarter. Invesco Ltd. boosted its holdings 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 valued at $185,594,000 after acquiring an additional 1,213,426 shares in the last quarter. Finally, Norges Bank bought a new stake in Caesars Entertainment during the 4th quarter worth $75,058,000. Institutional investors and hedge funds own 91.79% of the company's stock.

Caesars Entertainment Stock Performance

Shares of NASDAQ:CZR traded down $0.05 during trading on Thursday, hitting $27.01. 3,185,080 shares of the company were exchanged, compared to its average volume of 4,912,734. The company has a market cap of $5.73 billion, a PE ratio of -16.18 and a beta of 2.67. Caesars Entertainment, Inc. has a 52-week low of $21.40 and a 52-week high of $45.93. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The stock has a 50 day moving average of $27.55 and a 200 day moving average of $33.95.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its 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). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the business earned ($0.73) EPS. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities research analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays raised their price objective on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday. JMP Securities restated a "market outperform" rating and set a $45.00 price objective on shares of Caesars Entertainment in a research report on Wednesday. Truist Financial decreased their price objective on shares of Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Raymond James cut 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. Finally, Stifel Nicolaus cut their price target on Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating on the stock in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $45.64.

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.