CenterBook Partners LP Makes New Investment in Caesars Entertainment, Inc. (NASDAQ:CZR)

CenterBook Partners LP acquired a new position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 129,333 shares of the company's stock, valued at approximately $4,322,000. CenterBook Partners LP owned 0.06% of Caesars Entertainment as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Bogart Wealth LLC raised its position in Caesars Entertainment by 1,777.8% during the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company's stock valued at $28,000 after acquiring an additional 800 shares in the last quarter. FIL Ltd bought a new stake in shares of Caesars Entertainment in the fourth quarter valued at approximately $28,000. Resona Asset Management Co. Ltd. acquired a new position in shares of Caesars Entertainment during the fourth quarter valued at about $44,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Caesars Entertainment in the 4th quarter worth approximately $73,000. Finally, Avior Wealth Management LLC increased its holdings in 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 buying an additional 2,264 shares during the period. Hedge funds and other institutional investors own 91.79% of the company's stock.

Caesars Entertainment Stock Up 0.4 %

Shares of CZR stock traded up $0.09 during trading hours on Tuesday, hitting $25.37. 654,842 shares of the company were exchanged, compared to its average volume of 4,788,341. The company has a market capitalization of $5.38 billion, a PE ratio of -15.19 and a beta of 2.67. The business has a 50 day moving average of $30.14 and a two-hundred day moving average of $35.23. Caesars Entertainment, Inc. has a 52 week low of $21.40 and a 52 week 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.

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Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.20. The firm had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on CZR shares. Jefferies Financial Group dropped their price objective on Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Raymond James reduced their target price on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a report on Wednesday, March 19th. Susquehanna dropped their price target on Caesars Entertainment from $30.00 to $23.00 and set a "neutral" rating for the company in a report on Monday. JMP Securities decreased their price objective on shares of Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating on the stock in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a research note on Friday, January 3rd. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $48.64.

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.