Asset Management One Co. Ltd. Has $171,000 Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Asset Management One Co. Ltd. reduced its stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 94.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,094 shares of the company's stock after selling 73,240 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Caesars Entertainment were worth $171,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CZR. Blue Trust Inc. increased its stake in Caesars Entertainment by 525.3% in the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company's stock valued at $26,000 after buying an additional 499 shares during the last quarter. UMB Bank n.a. acquired a new stake in Caesars Entertainment in the 3rd quarter valued at $51,000. GAMMA Investing LLC increased its stake in Caesars Entertainment by 63.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock valued at $64,000 after buying an additional 622 shares during the last quarter. Signaturefd LLC increased its stake in Caesars Entertainment by 77.0% in the 2nd quarter. Signaturefd LLC now owns 2,540 shares of the company's stock valued at $101,000 after buying an additional 1,105 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Caesars Entertainment in the 2nd quarter valued at $147,000. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Stock Performance

CZR traded down $0.62 on Monday, reaching $40.22. The company had a trading volume of 2,491,116 shares, compared to its average volume of 4,162,747. 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 stock has a market cap of $8.55 billion, a P/E ratio of -24.08 and a beta of 2.96. Caesars Entertainment, Inc. has a fifty-two week low of $31.74 and a fifty-two week high of $50.51. The company's fifty day moving average is $41.42 and its 200 day moving average is $38.24.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.25). The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. As a group, analysts predict that Caesars Entertainment, Inc. will post -0.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CZR has been the topic of several recent research reports. Wells Fargo & Company lowered their price target on shares of Caesars Entertainment from $58.00 to $53.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. JMP Securities restated a "market outperform" rating and set a $59.00 price objective on shares of Caesars Entertainment in a research note on Monday, October 14th. Jefferies Financial Group lowered their price objective on shares of Caesars Entertainment from $62.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, July 31st. Macquarie restated an "outperform" rating and set a $50.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, October 30th. Finally, Barclays lowered their price objective on shares of Caesars Entertainment from $59.00 to $57.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Caesars Entertainment presently has an average rating of "Moderate Buy" and a consensus target price of $54.00.

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.