Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,305,868 shares of the company's stock after selling 13,500 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.61% of Caesars Entertainment worth $43,642,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Bogart Wealth LLC boosted its stake in Caesars Entertainment by 1,777.8% in the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company's stock valued at $28,000 after acquiring an additional 800 shares in the last quarter. Huntington National Bank boosted its position in shares of Caesars Entertainment by 3,203.8% in the 3rd quarter. Huntington National Bank now owns 859 shares of the company's stock valued at $36,000 after purchasing an additional 833 shares during the period. Quarry LP purchased a new position in Caesars Entertainment during the 3rd quarter worth approximately $68,000. Avior Wealth Management LLC grew its stake in Caesars Entertainment by 12,577.8% during the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company's stock worth $76,000 after buying an additional 2,264 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Caesars Entertainment by 8.0% in the third quarter. Assetmark Inc. now owns 3,447 shares of the company's stock valued at $144,000 after buying an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 91.79% of the company's stock.

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Analyst Upgrades and Downgrades

CZR has been the topic of a number of recent research reports. Jefferies Financial Group cut their target price on shares of Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating on the stock in a report on Friday, January 3rd. Macquarie reduced their target price on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Stifel Nicolaus lowered their price target on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating on the stock in a report on Friday, January 3rd. Finally, Wells Fargo & Company dropped their target price on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $50.43.

Caesars Entertainment Trading Down 4.3 %

NASDAQ CZR traded down $1.22 during mid-day trading on Monday, reaching $27.26. 6,257,506 shares of the stock were exchanged, compared to its average volume of 4,973,782. The business's fifty day simple moving average is $34.37 and its 200 day simple moving average is $37.60. 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 capitalization of $5.78 billion, a PE ratio of -16.32 and a beta of 2.97. Caesars Entertainment, Inc. has a 1-year low of $26.84 and a 1-year high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.20. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. On average, research analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Caesars Entertainment Company 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.