Caesars Entertainment, Inc. (NASDAQ:CZR) Stock Position Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,876,971 shares of the company's stock after buying an additional 11,671 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.88% of Caesars Entertainment worth $62,728,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Assetmark Inc. grew its stake in shares of Caesars Entertainment by 8.0% during the third quarter. Assetmark Inc. now owns 3,447 shares of the company's stock worth $144,000 after purchasing an additional 256 shares in the last quarter. Atria Investments Inc increased its holdings in shares of Caesars Entertainment by 27.4% in the 3rd quarter. Atria Investments Inc now owns 7,919 shares of the company's stock valued at $331,000 after acquiring an additional 1,703 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Caesars Entertainment during the 3rd quarter worth about $741,000. Chartwell Investment Partners LLC purchased a new stake in Caesars Entertainment during the third quarter worth approximately $1,217,000. Finally, Entropy Technologies LP acquired a new position in Caesars Entertainment in the third quarter valued at approximately $1,300,000. Hedge funds and other institutional investors own 91.79% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on CZR. Barclays decreased their price objective on shares of Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. TD Cowen reduced their target price on shares of Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating for the company in a report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their price target on Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating on the stock in a research report on Friday, January 3rd. Truist Financial decreased their price objective on Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, JMP Securities dropped their target price on Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating on the stock in a report on Thursday, January 16th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $50.43.

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Caesars Entertainment Trading Down 2.5 %

NASDAQ CZR traded down $0.69 during mid-day trading on Thursday, reaching $26.63. 5,211,024 shares of the stock were exchanged, compared to its average volume of 5,038,123. The business's fifty day simple moving average is $34.03 and its 200 day simple moving average is $37.39. 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 stock has a market capitalization of $5.65 billion, a PE ratio of -15.95 and a beta of 2.97. Caesars Entertainment, Inc. has a 1-year low of $26.42 and a 1-year high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating 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 business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. On average, research analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share 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.