AXQ Capital LP Invests $588,000 in Caesars Entertainment, Inc. (NASDAQ:CZR)

AXQ Capital LP acquired a new position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,598 shares of the company's stock, valued at approximately $588,000.

Other large investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its holdings in Caesars Entertainment by 18.7% during the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company's stock worth $526,309,000 after purchasing an additional 1,983,151 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Caesars Entertainment by 383.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company's stock worth $71,536,000 after purchasing an additional 1,697,443 shares in the last quarter. Bamco Inc. NY purchased a new position in Caesars Entertainment in the third quarter valued at $61,890,000. ING Groep NV acquired a new stake in Caesars Entertainment in the fourth quarter valued at $35,797,000. Finally, Contrarius Group Holdings Ltd purchased a new stake in Caesars Entertainment during the 4th quarter worth about $32,402,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock traded down $0.59 on Thursday, hitting $27.01. The company's stock had a trading volume of 3,582,242 shares, compared to its average volume of 4,404,852. Caesars Entertainment, Inc. has a 52-week low of $26.42 and a 52-week high of $45.93. The company has a market capitalization of $5.73 billion, a P/E ratio of -16.17 and a beta of 2.97. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The firm has a fifty day moving average price of $33.08 and a 200-day moving average price of $36.73.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on CZR. Stifel Nicolaus cut their target price on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. TD Cowen reduced their price objective on shares of Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, February 4th. Barclays lowered their target price on shares of Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Raymond James cut their price target on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, March 19th. Finally, Susquehanna upgraded shares of Caesars Entertainment from a "negative" rating to a "neutral" rating and set a $30.00 price objective for the company in a research note on Thursday, March 6th. Three equities research 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 company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $50.00.

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.