15,084 Shares in Caesars Entertainment, Inc. (NASDAQ:CZR) Bought by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,084 shares of the company's stock, valued at approximately $504,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Villere ST Denis J & Co. LLC boosted its holdings in Caesars Entertainment by 6.2% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company's stock valued at $26,877,000 after purchasing an additional 47,294 shares in the last quarter. Guyasuta Investment Advisors Inc. acquired a new stake in Caesars Entertainment during the fourth quarter worth approximately $385,000. Charles Schwab Investment Management Inc. grew its position in Caesars Entertainment by 0.6% during the fourth 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 during the period. Wellington Management Group LLP increased its position in shares of Caesars Entertainment by 4.5% in the third quarter. Wellington Management Group LLP now owns 113,405 shares of the company's stock worth $4,734,000 after acquiring an additional 4,840 shares in the last quarter. Finally, Key Colony Management LLC acquired a new stake in Caesars Entertainment in the fourth quarter valued at approximately $6,350,000. Institutional investors and hedge funds own 91.79% of the company's stock.

Caesars Entertainment Price Performance

CZR stock traded up $4.06 during mid-day trading on Wednesday, hitting $27.57. The company had a trading volume of 10,615,822 shares, compared to its average volume of 4,795,152. The company has a 50-day moving average price of $30.78 and a 200 day moving average price of $35.60. Caesars Entertainment, Inc. has a 12-month low of $21.40 and a 12-month high of $45.93. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of -16.51 and a beta of 2.67. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84.

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

Wall Street Analyst Weigh In

CZR has been the topic of a number of research reports. JMP Securities dropped 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. Raymond James decreased their price objective on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a report on Wednesday, March 19th. Truist Financial dropped their target price on shares of Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. TD Cowen dropped their price target 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. Finally, Macquarie decreased their price target on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.80.

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.