Contrarius Group Holdings Ltd acquired a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 969,543 shares of the company's stock, valued at approximately $32,402,000. Caesars Entertainment comprises about 2.0% of Contrarius Group Holdings Ltd's portfolio, making the stock its 17th largest position. Contrarius Group Holdings Ltd owned approximately 0.46% of Caesars Entertainment at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Janus Henderson Group PLC increased its holdings in shares of Caesars Entertainment by 18.7% during the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company's stock worth $526,309,000 after buying an additional 1,983,151 shares during the last quarter. Appaloosa LP raised its stake in Caesars Entertainment by 2.3% in the fourth quarter. Appaloosa LP now owns 2,200,000 shares of the company's stock valued at $73,524,000 after buying an additional 50,000 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Caesars Entertainment by 383.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company's stock worth $71,536,000 after acquiring an additional 1,697,443 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Caesars Entertainment by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company's stock worth $62,728,000 after buying an additional 11,671 shares during the last quarter. Finally, Bamco Inc. NY acquired a new position in Caesars Entertainment in the third quarter valued at $61,890,000. 91.79% of the stock is owned by hedge funds and other institutional investors.
Caesars Entertainment Stock Performance
Shares of CZR stock traded up $0.77 during trading hours on Monday, reaching $28.13. 6,077,635 shares of the company's stock were exchanged, compared to its average volume of 4,417,518. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. Caesars Entertainment, Inc. has a 1 year low of $26.42 and a 1 year high of $45.93. The company has a market cap of $5.96 billion, a P/E ratio of -16.84 and a beta of 2.97. The company's 50 day moving average is $33.31 and its two-hundred day moving average is $36.86.
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 analysts' consensus estimates of ($0.15) by $0.20. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Equities research analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.
Analysts Set New Price Targets
CZR has been the topic of several research analyst reports. Stifel Nicolaus cut their price target on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. TD Cowen cut their target price on shares of Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Susquehanna upgraded shares of Caesars Entertainment from a "negative" rating to a "neutral" rating and set a $30.00 price target for the company in a research report on Thursday, March 6th. Truist Financial lowered their price objective on shares of Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $50.00.
Check Out Our Latest Analysis on CZR
Caesars Entertainment Profile
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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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