DG Capital Management LLC Sells 470,890 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

DG Capital Management LLC decreased its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 94.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,556 shares of the company's stock after selling 470,890 shares during the period. Caesars Entertainment makes up approximately 0.3% of DG Capital Management LLC's holdings, making the stock its 12th largest holding. DG Capital Management LLC's holdings in Caesars Entertainment were worth $854,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Villere ST Denis J & Co. LLC grew its holdings in shares of Caesars Entertainment by 6.2% during the 4th 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 during the last quarter. Cannell Capital LLC purchased a new stake in Caesars Entertainment during the fourth quarter valued at about $13,498,000. Guyasuta Investment Advisors Inc. bought a new position in shares of Caesars Entertainment during the fourth quarter valued at about $385,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Caesars Entertainment by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company's stock worth $62,728,000 after buying an additional 11,671 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Caesars Entertainment by 4.5% in the 3rd quarter. Wellington Management Group LLP now owns 113,405 shares of the company's stock valued at $4,734,000 after acquiring an additional 4,840 shares during the last quarter. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

CZR has been the topic of a number of analyst reports. Barclays decreased their price target on Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company lowered their price target 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. TD Cowen cut their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Stifel Nicolaus lowered their price objective on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Finally, Macquarie cut their target price on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $49.14.

Caesars Entertainment Stock Down 0.5 %

Shares of NASDAQ CZR traded down $0.12 during mid-day trading on Friday, hitting $25.33. 4,470,156 shares of the stock traded hands, compared to its average volume of 4,811,390. The company has a market cap of $5.37 billion, a price-to-earnings ratio of -15.17 and a beta of 2.67. The stock has a fifty day moving average price of $30.36 and a 200-day moving average price of $35.35. Caesars Entertainment, Inc. has a 52 week low of $21.40 and a 52 week high of $45.93. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84.

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

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.