Cohen & Steers Inc. boosted its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,581,882 shares of the company's stock after acquiring an additional 1,882,728 shares during the quarter. Caesars Entertainment accounts for 0.9% of Cohen & Steers Inc.'s portfolio, making the stock its 25th largest position. Cohen & Steers Inc. owned about 6.86% of Caesars Entertainment worth $487,265,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Caesars Entertainment by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 23,364,859 shares of the company's stock worth $780,854,000 after buying an additional 100,263 shares in the last quarter. Invesco Ltd. raised its position in Caesars Entertainment by 28.0% in the fourth quarter. Invesco Ltd. now owns 5,553,375 shares of the company's stock worth $185,594,000 after acquiring an additional 1,213,426 shares in the last quarter. Norges Bank acquired a new stake in Caesars Entertainment in the 4th quarter valued at about $75,058,000. Appaloosa LP boosted its position in shares of Caesars Entertainment by 2.3% during the 4th quarter. Appaloosa LP now owns 2,200,000 shares of the company's stock valued at $73,524,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Caesars Entertainment by 383.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company's stock worth $71,536,000 after purchasing an additional 1,697,443 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company's stock.
Caesars Entertainment Trading Up 3.1 %
CZR stock traded up $0.77 during midday trading on Friday, hitting $25.52. 3,721,128 shares of the company's stock were exchanged, compared to its average volume of 4,816,045. Caesars Entertainment, Inc. has a one year low of $21.40 and a one year high of $45.93. The stock's fifty day moving average price is $29.30 and its 200-day moving average price is $34.87. The company has a market cap of $5.41 billion, a PE ratio of -15.28 and a beta of 2.67. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Research analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
CZR has been the subject of several recent analyst reports. Barclays decreased their target price on shares of Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Morgan Stanley decreased their target price on shares of Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating for the company in a research note on Wednesday. Capital One Financial raised Caesars Entertainment from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $51.00 to $47.00 in a research note on Thursday, April 3rd. 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 research report on Friday, January 3rd. Finally, JMP Securities decreased their target price on Caesars Entertainment from $53.00 to $45.00 and set a "market outperform" rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $47.14.
Get Our Latest Research Report on Caesars Entertainment
Caesars Entertainment Company Profile
(
Free Report)
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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