Caesars Entertainment, Inc. (NASDAQ:CZR) Stock Holdings Reduced by Mariner LLC

Mariner LLC reduced its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 22.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,770 shares of the company's stock after selling 21,638 shares during the period. Mariner LLC's holdings in Caesars Entertainment were worth $2,532,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Caesars Entertainment by 1.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,504 shares of the company's stock valued at $1,287,000 after acquiring an additional 408 shares in the last quarter. Arizona State Retirement System grew its holdings in Caesars Entertainment by 0.8% during the fourth quarter. Arizona State Retirement System now owns 62,785 shares of the company's stock valued at $2,098,000 after purchasing an additional 470 shares during the last quarter. Lebenthal Global Advisors LLC raised its position in shares of Caesars Entertainment by 5.7% in the fourth quarter. Lebenthal Global Advisors LLC now owns 10,890 shares of the company's stock valued at $364,000 after purchasing an additional 587 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Caesars Entertainment by 12.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 5,563 shares of the company's stock valued at $186,000 after purchasing an additional 601 shares during the period. Finally, Bogart Wealth LLC lifted its stake in shares of Caesars Entertainment by 1,777.8% in the fourth 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. 91.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CZR has been the topic of a number of research analyst reports. Susquehanna lowered their target price on Caesars Entertainment from $30.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. 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 research note on Wednesday, February 26th. 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. Raymond James dropped their price target on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a report on Wednesday, March 19th. Finally, TD Cowen reduced their target price on shares of Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $46.43.

Caesars Entertainment Stock Performance

Shares of CZR stock opened at $26.75 on Wednesday. The company has a market capitalization of $5.67 billion, a P/E ratio of -16.02 and a beta of 2.67. Caesars Entertainment, Inc. has a 52 week low of $21.40 and a 52 week high of $45.93. 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 company's 50 day moving average price is $28.84 and its two-hundred day moving average price is $34.56.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.81 billion. On average, analysts expect 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.

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