American Assets Capital Advisers LLC Buys Shares of 245,905 Caesars Entertainment, Inc. (NASDAQ:CZR)

American Assets Capital Advisers LLC purchased a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 245,905 shares of the company's stock, valued at approximately $8,218,000. Caesars Entertainment makes up about 2.7% of American Assets Capital Advisers LLC's investment portfolio, making the stock its 14th largest position. American Assets Capital Advisers LLC owned 0.12% of Caesars Entertainment at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CZR. Bogart Wealth LLC boosted its stake in Caesars Entertainment by 1,777.8% in the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company's stock worth $28,000 after purchasing an additional 800 shares in the last quarter. Huntington National Bank raised its holdings in shares of Caesars Entertainment by 3,203.8% in the third quarter. Huntington National Bank now owns 859 shares of the company's stock worth $36,000 after buying an additional 833 shares during the last quarter. Quarry LP acquired a new stake in shares of Caesars Entertainment during the third quarter worth $68,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Caesars Entertainment during the fourth quarter valued at $73,000. Finally, Avior Wealth Management LLC increased its position in shares of Caesars Entertainment by 12,577.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company's stock valued at $76,000 after acquiring an additional 2,264 shares during the period. Hedge funds and other institutional investors own 91.79% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of brokerages have commented on CZR. Truist Financial lowered their price target on Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Raymond James dropped their target price on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a research report on Wednesday. TD Cowen cut their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Macquarie decreased their price objective on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company cut their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $50.00.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock traded down $0.87 on Thursday, hitting $28.25. The company's stock had a trading volume of 4,718,927 shares, compared to its average volume of 4,365,335. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of -16.92 and a beta of 2.97. Caesars Entertainment, Inc. has a 1 year low of $26.42 and a 1 year high of $45.93. 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 firm has a fifty day moving average price of $33.55 and a 200-day moving average price of $37.06.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.20. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. As a group, sell-side analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal 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.