Penn Capital Management Company LLC Sells 35,965 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Penn Capital Management Company LLC trimmed its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 61.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,395 shares of the company's stock after selling 35,965 shares during the period. Penn Capital Management Company LLC's holdings in Caesars Entertainment were worth $748,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bogart Wealth LLC grew its holdings in Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company's stock valued at $28,000 after purchasing an additional 800 shares in the last quarter. FIL Ltd acquired a new stake in shares of Caesars Entertainment during the fourth quarter worth $28,000. Resona Asset Management Co. Ltd. bought a new position in Caesars Entertainment in the fourth quarter worth about $44,000. Canada Pension Plan Investment Board grew its stake in Caesars Entertainment by 100.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock worth $53,000 after buying an additional 800 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new position in shares of Caesars Entertainment during the fourth quarter worth about $71,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR traded down $0.38 during trading hours on Monday, reaching $28.06. The stock had a trading volume of 4,231,207 shares, compared to its average volume of 4,896,887. The company has a market cap of $5.95 billion, a price-to-earnings ratio of -16.80 and a beta of 2.67. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The business's fifty day moving average is $28.11 and its two-hundred day moving average is $34.15. Caesars Entertainment, Inc. has a twelve month low of $21.40 and a twelve month high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate 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, research analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Analysts Set New Price Targets

CZR has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. TD Cowen dropped their price target on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Truist Financial reduced their price objective on shares of Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Jefferies Financial Group lowered their price target on Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating on the stock in a report on Friday, January 3rd. Finally, Capital One Financial upgraded shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $51.00 to $47.00 in a research note on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $45.86.

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.