Principal Financial Group Inc. grew its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,454,520 shares of the company's stock after acquiring an additional 59,170 shares during the period. Principal Financial Group Inc. owned about 0.68% of Caesars Entertainment worth $60,712,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Blue Trust Inc. increased its holdings in Caesars Entertainment by 525.3% during the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company's stock worth $26,000 after purchasing an additional 499 shares during the period. Raymond James & Associates lifted its stake in Caesars Entertainment by 3.3% in the second quarter. Raymond James & Associates now owns 152,158 shares of the company's stock worth $6,047,000 after acquiring an additional 4,818 shares during the last quarter. Calamos Advisors LLC grew its holdings in Caesars Entertainment by 0.4% during the 2nd quarter. Calamos Advisors LLC now owns 198,356 shares of the company's stock worth $7,883,000 after acquiring an additional 726 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Caesars Entertainment by 11.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,374,990 shares of the company's stock valued at $54,642,000 after purchasing an additional 146,310 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Caesars Entertainment by 19.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 12,869 shares of the company's stock valued at $511,000 after purchasing an additional 2,078 shares during the last quarter. Hedge funds and other institutional investors own 91.79% of the company's stock.
Caesars Entertainment Stock Performance
Shares of NASDAQ:CZR traded down $0.25 on Friday, reaching $32.82. The company's stock had a trading volume of 10,140,172 shares, compared to its average volume of 4,150,903. Caesars Entertainment, Inc. has a 52-week low of $31.74 and a 52-week high of $48.57. The stock has a market capitalization of $6.97 billion, a P/E ratio of -19.65 and a beta of 2.89. The stock's 50-day moving average is $39.62 and its two-hundred day moving average is $38.64. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.25). The company had revenue of $2.87 billion for the quarter, compared to analysts' expectations of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The firm's revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 earnings per share. As a group, sell-side analysts forecast that Caesars Entertainment, Inc. will post -0.56 EPS for the current year.
Analyst Upgrades and Downgrades
CZR has been the subject of a number of analyst reports. Morgan Stanley boosted their target price on shares of Caesars Entertainment from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 22nd. Macquarie reaffirmed an "outperform" rating and set a $50.00 price target on shares of Caesars Entertainment in a report on Wednesday, October 30th. JMP Securities dropped their price objective on Caesars Entertainment from $59.00 to $57.00 and set a "market outperform" rating on the stock in a report on Monday, November 25th. Wells Fargo & Company decreased their target price on Caesars Entertainment from $58.00 to $53.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Finally, Barclays dropped their price target on shares of Caesars Entertainment from $57.00 to $55.00 and set an "overweight" rating on the stock in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $53.71.
View Our Latest Report on CZR
About Caesars Entertainment
(
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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