Dendur Capital LP Sells 448,500 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Dendur Capital LP cut its stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 23.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,504,500 shares of the company's stock after selling 448,500 shares during the period. Caesars Entertainment makes up approximately 5.2% of Dendur Capital LP's investment portfolio, making the stock its 8th biggest position. Dendur Capital LP owned approximately 0.71% of Caesars Entertainment worth $50,280,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Villere ST Denis J & Co. LLC raised its holdings in shares of Caesars Entertainment by 6.2% during the fourth quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company's stock valued at $26,877,000 after acquiring an additional 47,294 shares during the period. Cannell Capital LLC acquired a new position in Caesars Entertainment in the fourth quarter worth approximately $13,498,000. Guyasuta Investment Advisors Inc. acquired a new stake in shares of Caesars Entertainment in the 4th quarter valued at $385,000. Charles Schwab Investment Management Inc. boosted its stake 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 acquiring an additional 11,671 shares in the last quarter. Finally, Key Colony Management LLC acquired a new position in Caesars Entertainment during the fourth quarter valued at approximately $6,350,000. Institutional investors own 91.79% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Capital One Financial raised Caesars Entertainment from an "equal weight" rating to an "overweight" rating and dropped their price target for the stock from $51.00 to $47.00 in a research report on Thursday, April 3rd. Raymond James cut their price target on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a report on Wednesday, March 19th. JMP Securities lowered their price objective on Caesars Entertainment from $53.00 to $45.00 and set a "market outperform" rating on the stock in a research report on Thursday, April 17th. Truist Financial reduced their target price 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, Susquehanna dropped their price objective on shares of Caesars Entertainment from $30.00 to $23.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.43.

Caesars Entertainment Stock Up 7.0 %

NASDAQ CZR opened at $26.75 on Wednesday. The stock has a fifty day moving average of $28.84 and a 200-day moving average of $34.56. 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 $5.67 billion, a P/E ratio of -16.02 and a beta of 2.67. Caesars Entertainment, Inc. has a 52 week low of $21.40 and a 52 week high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued 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. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The company had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.81 billion. On average, equities research analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.