Caesars Entertainment, Inc. (NASDAQ:CZR) Stock Position Boosted by Quaker Capital Investments LLC

Quaker Capital Investments LLC increased its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 370,272 shares of the company's stock after buying an additional 40,250 shares during the period. Caesars Entertainment accounts for about 4.6% of Quaker Capital Investments LLC's investment portfolio, making the stock its 8th biggest holding. Quaker Capital Investments LLC owned approximately 0.17% of Caesars Entertainment worth $12,374,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. FIL Ltd bought a new position in shares of Caesars Entertainment during the fourth quarter valued at $28,000. Bogart Wealth LLC raised its stake in shares of Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company's stock worth $28,000 after buying an additional 800 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in Caesars Entertainment during the 4th quarter valued at $44,000. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Caesars Entertainment in the 4th quarter worth approximately $71,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Caesars Entertainment during the 4th quarter worth about $73,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CZR shares. Wells Fargo & Company cut their price objective 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. Truist Financial lowered their price target on Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Morgan Stanley dropped their price target on shares of Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Barclays reduced their price target on shares of Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Finally, Macquarie lowered their price objective on shares of 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 investment 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 company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $47.14.

Caesars Entertainment Price Performance

NASDAQ CZR traded up $0.77 during midday trading on Friday, hitting $25.52. The company had a trading volume of 3,721,128 shares, compared to its average volume of 4,810,103. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The firm has a 50-day moving average price of $29.50 and a 200-day moving average price of $34.98. Caesars Entertainment, Inc. has a twelve month low of $21.40 and a twelve month high of $45.93. The company has a market capitalization of $5.41 billion, a PE ratio of -15.28 and a beta of 2.67.

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, beating analysts' consensus estimates 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 company had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.81 billion. As a group, analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal 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.