Federated Hermes Inc. Has $5.45 Million Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Federated Hermes Inc. increased its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 162,980 shares of the company's stock after acquiring an additional 23,178 shares during the quarter. Federated Hermes Inc. owned about 0.08% of Caesars Entertainment worth $5,447,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Villere ST Denis J & Co. LLC grew its position in 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 worth $26,877,000 after buying an additional 47,294 shares in the last quarter. Guyasuta Investment Advisors Inc. bought a new stake in shares of Caesars Entertainment during the 4th quarter valued at $385,000. Charles Schwab Investment Management Inc. grew its holdings 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 purchasing an additional 11,671 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Caesars Entertainment by 4.5% in the third quarter. Wellington Management Group LLP now owns 113,405 shares of the company's stock worth $4,734,000 after purchasing an additional 4,840 shares during the period. Finally, Key Colony Management LLC acquired a new position in Caesars Entertainment in the fourth quarter valued at about $6,350,000. 91.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CZR has been the subject of a number of recent analyst reports. JMP Securities cut their price target on shares of Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating for the company in a report on Thursday, January 16th. Macquarie lowered their price target on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Stifel Nicolaus reduced their price objective on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Wells Fargo & Company lowered their target price on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Finally, Susquehanna decreased their price target on shares of Caesars Entertainment from $30.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Caesars Entertainment currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.64.

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Caesars Entertainment Trading Down 0.8 %

Shares of CZR stock traded down $0.21 during trading hours on Tuesday, hitting $25.07. 3,112,084 shares of the company's stock traded hands, compared to its average volume of 4,797,780. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. Caesars Entertainment, Inc. has a 12 month low of $21.40 and a 12 month high of $45.93. The stock has a market cap of $5.32 billion, a PE ratio of -15.01 and a beta of 2.67. The stock's 50 day simple moving average is $30.14 and its 200 day simple moving average is $35.23.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.20. The firm had revenue of $2.80 billion for 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%. On average, sell-side analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current 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.