Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 243,707 shares of the company's stock after selling 23,886 shares during the period. Alliancebernstein L.P. owned approximately 0.11% of Caesars Entertainment worth $8,145,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Caesars Entertainment by 1.1% in 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 during the last quarter. Arizona State Retirement System lifted its position in Caesars Entertainment by 0.8% during the 4th 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. Lebenthal Global Advisors LLC grew its stake in Caesars Entertainment by 5.7% during the 4th quarter. Lebenthal Global Advisors LLC now owns 10,890 shares of the company's stock valued at $364,000 after purchasing an additional 587 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Caesars Entertainment by 12.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 5,563 shares of the company's stock valued at $186,000 after purchasing an additional 601 shares during the period. Finally, Bogart Wealth LLC raised its stake in shares of Caesars Entertainment by 1,777.8% in the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company's stock worth $28,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 91.79% of the company's stock.

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Wall Street Analysts Forecast Growth

CZR has been the topic of several research reports. Barclays cut their price target on shares of Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Raymond James decreased their target price on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a research report on Wednesday, March 19th. Susquehanna lowered their price target on shares of Caesars Entertainment from $30.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday. Capital One Financial upgraded Caesars Entertainment from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $51.00 to $47.00 in a research note on Thursday, April 3rd. Finally, TD Cowen lowered their target price on 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 analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $48.64.

Caesars Entertainment Price Performance

Shares of CZR traded down $0.21 during trading hours on Tuesday, hitting $25.07. 3,112,084 shares of the stock were exchanged, compared to its average volume of 4,797,780. The stock's 50-day moving average price is $30.14 and its two-hundred day moving average price is $35.23. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The company has a market cap of $5.32 billion, a price-to-earnings ratio of -15.01 and a beta of 2.67. Caesars Entertainment, Inc. has a 12-month low of $21.40 and a 12-month high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.20. The business had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. Research analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Caesars Entertainment Company 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.