American Assets Investment Management LLC purchased a new stake 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 9,519 shares of the company's stock, valued at approximately $318,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Villere ST Denis J & Co. LLC increased its position in Caesars Entertainment by 6.2% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company's stock worth $26,877,000 after buying an additional 47,294 shares in the last quarter. Guyasuta Investment Advisors Inc. purchased a new stake in shares of Caesars Entertainment during the fourth quarter worth about $385,000. Charles Schwab Investment Management Inc. grew its position in shares of Caesars Entertainment by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company's stock worth $62,728,000 after purchasing an additional 11,671 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Caesars Entertainment by 4.5% during the third quarter. Wellington Management Group LLP now owns 113,405 shares of the company's stock worth $4,734,000 after purchasing an additional 4,840 shares in the last quarter. Finally, Key Colony Management LLC purchased a new stake in shares of Caesars Entertainment during the fourth quarter worth about $6,350,000. 91.79% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms recently issued reports on CZR. Stifel Nicolaus cut their target price on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Raymond James dropped their price target on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a research note on Wednesday. Barclays dropped their price target on Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Susquehanna raised Caesars Entertainment from a "negative" rating to a "neutral" rating and set a $30.00 price target for the company in a research note on Thursday, March 6th. Finally, Jefferies Financial Group dropped their price target on Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Three 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. According to MarketBeat, Caesars Entertainment presently has a consensus rating of "Moderate Buy" and an average target price of $50.00.
View Our Latest Report on CZR
Caesars Entertainment Trading Down 3.2 %
Shares of CZR stock traded down $0.89 on Friday, reaching $27.36. 9,460,519 shares of the company's stock were exchanged, compared to its average volume of 4,400,418. Caesars Entertainment, Inc. has a 52 week low of $26.42 and a 52 week high of $45.93. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The stock has a market capitalization of $5.80 billion, a PE ratio of -16.38 and a beta of 2.97. The company's fifty day simple moving average is $33.39 and its 200 day simple moving average is $36.92.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.15) by $0.20. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. As a group, analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.
About Caesars Entertainment
(
Free Report)
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.
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