Rovida Advisors Inc. Has $13.37 Million Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Rovida Advisors Inc. lifted its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 57.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 400,000 shares of the company's stock after purchasing an additional 145,900 shares during the period. Caesars Entertainment accounts for about 10.4% of Rovida Advisors Inc.'s portfolio, making the stock its 4th largest position. Rovida Advisors Inc. owned 0.19% of Caesars Entertainment worth $13,368,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bogart Wealth LLC increased its stake in shares of Caesars Entertainment by 1,777.8% in the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company's stock valued at $28,000 after buying an additional 800 shares during the period. Quarry LP bought a new stake in Caesars Entertainment during the 3rd quarter worth about $68,000. Steward Partners Investment Advisory LLC acquired a new position in Caesars Entertainment during the 4th quarter valued at about $73,000. Avior Wealth Management LLC boosted its stake in shares of Caesars Entertainment by 12,577.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company's stock valued at $76,000 after purchasing an additional 2,264 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Caesars Entertainment by 219.6% during the 4th quarter. Jones Financial Companies Lllp now owns 3,410 shares of the company's stock worth $114,000 after buying an additional 2,343 shares during the period. 91.79% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of brokerages have issued reports on CZR. Barclays reduced their price objective 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. Susquehanna upgraded shares of Caesars Entertainment from a "negative" rating to a "neutral" rating and set a $30.00 price objective for the company in a report on Thursday, March 6th. Truist Financial lowered their target price on shares of Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Stifel Nicolaus decreased their price target on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Finally, JMP Securities lowered their price objective on shares of Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating for the company in a research report on Thursday, January 16th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.00.

Caesars Entertainment Stock Down 5.0 %

NASDAQ CZR traded down $1.34 during trading on Friday, hitting $25.67. The stock had a trading volume of 5,872,155 shares, compared to its average volume of 4,601,995. The company has a market capitalization of $5.44 billion, a PE ratio of -15.37 and a beta of 2.97. Caesars Entertainment, Inc. has a 12 month low of $25.43 and a 12 month high of $45.93. The company's 50-day moving average price is $32.79 and its two-hundred day moving average price is $36.60. 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, topping analysts' consensus estimates of ($0.15) by $0.20. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. As a group, sell-side analysts forecast 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.