Hosking Partners LLP Sells 18,373 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Hosking Partners LLP trimmed its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 11.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 142,000 shares of the company's stock after selling 18,373 shares during the quarter. Hosking Partners LLP owned 0.07% of Caesars Entertainment worth $4,746,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CZR. Janus Henderson Group PLC increased its stake in Caesars Entertainment by 18.7% in the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company's stock valued at $526,309,000 after acquiring an additional 1,983,151 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Caesars Entertainment by 383.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company's stock worth $71,536,000 after buying an additional 1,697,443 shares during the last quarter. Bamco Inc. NY bought a new stake in shares of Caesars Entertainment during the third quarter worth $61,890,000. ING Groep NV bought a new stake in shares of Caesars Entertainment during the fourth quarter worth $35,797,000. Finally, Progeny 3 Inc. bought a new stake in shares of Caesars Entertainment during the third quarter worth $37,649,000. 91.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

CZR has been the topic of a number of research reports. Barclays decreased their target price on shares of Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. TD Cowen decreased 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 note on Tuesday, February 4th. Stifel Nicolaus decreased their target price on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Truist Financial reduced their price objective on shares of Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company reduced their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $50.64.

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR traded down $1.75 during trading on Monday, reaching $31.47. The company had a trading volume of 6,568,551 shares, compared to its average volume of 4,668,237. The company has a fifty day moving average of $34.69 and a two-hundred day moving average of $37.84. The stock has a market capitalization of $6.67 billion, a P/E ratio of -18.84 and a beta of 2.90. Caesars Entertainment, Inc. has a 12 month low of $30.78 and a 12 month high of $45.93. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, topping 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 research analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

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.