Dark Forest Capital Management LP lifted its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 229.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,752 shares of the company's stock after acquiring an additional 13,063 shares during the period. Dark Forest Capital Management LP's holdings in Caesars Entertainment were worth $627,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Villere ST Denis J & Co. LLC boosted its stake in Caesars Entertainment by 6.2% in the 4th quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company's stock worth $26,877,000 after buying an additional 47,294 shares during the last quarter. Cannell Capital LLC acquired a new position in Caesars Entertainment during the 4th quarter worth approximately $13,498,000. Guyasuta Investment Advisors Inc. purchased a new position in shares of Caesars Entertainment in the fourth quarter valued at $385,000. Charles Schwab Investment Management Inc. grew its holdings in Caesars Entertainment by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company's stock valued at $62,728,000 after purchasing an additional 11,671 shares in the last quarter. Finally, Key Colony Management LLC purchased a new stake in shares of Caesars Entertainment during the fourth quarter worth about $6,350,000. Hedge funds and other institutional investors own 91.79% of the company's stock.
Caesars Entertainment Price Performance
NASDAQ CZR traded down $0.07 on Tuesday, reaching $27.99. 8,822,275 shares of the stock traded hands, compared to its average volume of 4,912,189. Caesars Entertainment, Inc. has a 12 month low of $21.40 and a 12 month high of $45.93. The company has a market cap of $5.93 billion, a price-to-earnings ratio of -16.76 and a beta of 2.67. The firm's fifty day simple moving average is $27.91 and its 200 day simple moving average is $34.04. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.35). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. During the same period last year, the business earned ($0.73) EPS. Caesars Entertainment's revenue was up 1.9% compared to the same quarter last year. As a group, research analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. Stifel Nicolaus dropped their price objective on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Raymond James dropped their price target on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, March 19th. Susquehanna reduced their price target on shares of Caesars Entertainment from $30.00 to $23.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Capital One Financial upgraded shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $51.00 to $47.00 in a research note on Thursday, April 3rd. Finally, Macquarie decreased their target price on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $45.86.
Check Out Our Latest Report on Caesars Entertainment
Caesars Entertainment Company Profile
(
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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