Assenagon Asset Management S.A. Has $71.54 Million Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Assenagon Asset Management S.A. increased its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 383.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,140,517 shares of the company's stock after buying an additional 1,697,443 shares during the quarter. Assenagon Asset Management S.A. owned about 1.01% of Caesars Entertainment worth $71,536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its position in shares of Caesars Entertainment by 18.7% in the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company's stock worth $526,309,000 after acquiring an additional 1,983,151 shares in the last quarter. EdgePoint Investment Group Inc. increased its holdings in Caesars Entertainment by 1.0% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 5,859,251 shares of the company's stock valued at $232,847,000 after purchasing an additional 60,184 shares in the last quarter. Helikon Investments Ltd raised its position in Caesars Entertainment by 67.1% in the third quarter. Helikon Investments Ltd now owns 1,587,547 shares of the company's stock valued at $66,264,000 after purchasing an additional 637,303 shares during the period. Bamco Inc. NY acquired a new position in shares of Caesars Entertainment during the third quarter worth about $61,890,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Caesars Entertainment by 4.2% during the third quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company's stock worth $60,712,000 after purchasing an additional 59,170 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on CZR. Barclays dropped their target price on Caesars Entertainment from $57.00 to $55.00 and set an "overweight" rating on the stock in a report on Friday, December 13th. Stifel Nicolaus lifted their price objective on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. reduced their target price on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating on the stock in a research report on Friday, January 3rd. Wells Fargo & Company lowered their price target on shares of Caesars Entertainment from $58.00 to $53.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Finally, Jefferies Financial Group dropped their price target on shares of Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $51.86.

Caesars Entertainment Price Performance

Caesars Entertainment stock traded down $0.06 during trading hours on Thursday, hitting $33.32. 6,686,653 shares of the company traded hands, compared to its average volume of 4,848,245. Caesars Entertainment, Inc. has a 1-year low of $30.78 and a 1-year high of $47.99. The firm has a market cap of $7.08 billion, a P/E ratio of -19.95 and a beta of 2.90. The firm's 50-day simple moving average is $35.95 and its two-hundred day simple moving average is $38.04. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.25). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter last year, the company earned $0.34 EPS. The company's quarterly revenue was down 4.0% compared to the same quarter last year. As a group, analysts forecast that Caesars Entertainment, Inc. will post -0.57 earnings per share for the current fiscal year.

About Caesars Entertainment

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.