Dana Investment Advisors Inc. grew its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,051 shares of the company's stock after acquiring an additional 11,317 shares during the quarter. Dana Investment Advisors Inc. owned 0.06% of Caesars Entertainment worth $4,079,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bogart Wealth LLC raised its stake in shares of 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 during the last quarter. Huntington National Bank raised its position in Caesars Entertainment by 3,203.8% during the 3rd quarter. Huntington National Bank now owns 859 shares of the company's stock worth $36,000 after purchasing an additional 833 shares during the last quarter. Quarry LP acquired a new position in Caesars Entertainment during the 3rd quarter worth about $68,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Caesars Entertainment in the 4th quarter valued at about $73,000. Finally, Avior Wealth Management LLC increased its stake in shares of Caesars Entertainment by 12,577.8% in the fourth 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. Institutional investors own 91.79% of the company's stock.
Caesars Entertainment Stock Performance
Shares of CZR stock traded down $0.43 during trading on Friday, hitting $28.48. The company's stock had a trading volume of 9,443,689 shares, compared to its average volume of 4,943,883. The company has a market cap of $6.04 billion, a PE ratio of -17.05 and a beta of 2.97. Caesars Entertainment, Inc. has a 52 week low of $26.92 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. The business has a fifty day moving average of $34.37 and a 200-day moving average of $37.59.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 4.44% and a negative net margin of 3.20%. As a group, research analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.
Analyst Ratings Changes
CZR has been the topic of several analyst reports. Truist Financial reduced their target price on Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Macquarie decreased their price objective on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their target price on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating on the stock in a report on Friday, January 3rd. Susquehanna raised Caesars Entertainment from a "negative" rating to a "neutral" rating and set a $30.00 price objective for the company in a research report on Thursday. Finally, Jefferies Financial Group decreased their target price 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. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $50.43.
Check Out Our Latest Stock Report on CZR
About Caesars Entertainment
(
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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