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

Venator Management LLC grew its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 20.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 404,365 shares of the company's stock after purchasing an additional 68,185 shares during the quarter. Caesars Entertainment makes up 3.9% of Venator Management LLC's investment portfolio, making the stock its 11th largest holding. Venator Management LLC owned 0.19% of Caesars Entertainment worth $13,514,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new position in Caesars Entertainment in the fourth quarter valued at approximately $75,058,000. Janus Henderson Group PLC raised its stake in shares of 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 buying 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 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company's stock valued at $71,536,000 after buying an additional 1,697,443 shares during the last quarter. Bamco Inc. NY bought a new position in shares of Caesars Entertainment during the 3rd quarter worth $61,890,000. Finally, ING Groep NV purchased a new stake in Caesars Entertainment in the 4th quarter worth about $35,797,000. 91.79% of the stock is currently owned by institutional investors.

Caesars Entertainment Price Performance

Shares of CZR traded down $0.59 during trading hours on Friday, reaching $23.18. 10,236,542 shares of the company's stock traded hands, compared to its average volume of 4,705,279. Caesars Entertainment, Inc. has a 12 month low of $21.40 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. The stock has a market cap of $4.91 billion, a PE ratio of -13.88 and a beta of 2.97. The firm's 50 day simple moving average is $31.83 and its 200-day simple moving average is $36.15.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. Equities analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on CZR. TD Cowen dropped their price objective on shares of Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Stifel Nicolaus dropped their price target on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. 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 report on Wednesday, March 19th. JPMorgan Chase & Co. lowered their target price 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. Finally, Wells Fargo & Company dropped their target price on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $49.80.

Caesars Entertainment Company 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.