Venator Management LLC Purchases 68,185 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Venator Management LLC increased its stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 20.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 404,365 shares of the company's stock after purchasing an additional 68,185 shares during the quarter. Caesars Entertainment makes up approximately 3.9% of Venator Management LLC's portfolio, making the stock its 11th biggest holding. Venator Management LLC owned 0.19% of Caesars Entertainment worth $13,514,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Caesars Entertainment in the fourth quarter worth about $75,058,000. Janus Henderson Group PLC raised its holdings in Caesars Entertainment by 18.7% during the 3rd 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 period. Assenagon Asset Management S.A. lifted its position 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 acquiring an additional 1,697,443 shares in the last quarter. Bamco Inc. NY purchased a new stake in shares of Caesars Entertainment during the third quarter worth $61,890,000. Finally, ING Groep NV bought a new position in shares of Caesars Entertainment in the fourth quarter worth $35,797,000. Hedge funds and other institutional investors own 91.79% of the company's stock.

Analyst Upgrades and Downgrades

CZR has been the topic of a number of recent research reports. TD Cowen dropped their price objective on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Raymond James cut their price objective on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a research report on Wednesday, March 19th. Stifel Nicolaus decreased their target price on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Macquarie cut their price target on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating on the stock in a report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Caesars Entertainment currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.80.

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Caesars Entertainment Trading Down 9.0 %

NASDAQ:CZR traded down $2.38 during trading hours on Thursday, reaching $23.90. The company's stock had a trading volume of 8,812,872 shares, compared to its average volume of 4,660,130. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of -14.34 and a beta of 2.97. The firm has a 50-day simple moving average of $32.27 and a 200-day simple moving average of $36.35. Caesars Entertainment, Inc. has a 1 year low of $23.52 and a 1 year high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its quarterly earnings data 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 return on equity of 4.44% and a negative net margin of 3.20%. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. Research analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal 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.