AXQ Capital LP bought a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 17,598 shares of the company's stock, valued at approximately $588,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Janus Henderson Group PLC lifted its stake in shares of Caesars Entertainment by 18.7% in the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company's stock valued at $526,309,000 after purchasing an additional 1,983,151 shares during the last quarter. Appaloosa LP boosted its stake in shares of Caesars Entertainment by 2.3% during the 4th quarter. Appaloosa LP now owns 2,200,000 shares of the company's stock worth $73,524,000 after acquiring an additional 50,000 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Caesars Entertainment by 383.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company's stock valued at $71,536,000 after acquiring an additional 1,697,443 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Caesars Entertainment by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company's stock valued at $62,728,000 after acquiring an additional 11,671 shares in the last quarter. Finally, Bamco Inc. NY acquired a new stake in Caesars Entertainment in the 3rd quarter worth approximately $61,890,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.
Caesars Entertainment Price Performance
Caesars Entertainment stock traded down $0.60 on Tuesday, reaching $27.53. The company's stock had a trading volume of 2,318,959 shares, compared to its average volume of 4,414,759. The business's fifty day moving average price is $33.31 and its 200 day moving average price is $36.86. 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 company has a market cap of $5.84 billion, a price-to-earnings ratio of -16.48 and a beta of 2.97. Caesars Entertainment, Inc. has a twelve month low of $26.42 and a twelve month high of $45.93.
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 the consensus estimate 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 firm had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.81 billion. Equities analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price target 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. Raymond James cut their target price on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a research report on Wednesday, March 19th. JMP Securities lowered their price target on Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating on the stock in a research report on Thursday, January 16th. Jefferies Financial Group cut their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Finally, Barclays decreased their target price on Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $50.00.
Check Out Our Latest Report on Caesars Entertainment
Caesars Entertainment Profile
(
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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