Caesars Entertainment, Inc. (NASDAQ:CZR) is Highland Peak Capital LLC's 7th Largest Position

Highland Peak Capital LLC reduced its stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 60.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 270,316 shares of the company's stock after selling 408,018 shares during the quarter. Caesars Entertainment accounts for approximately 4.9% of Highland Peak Capital LLC's portfolio, making the stock its 7th largest holding. Highland Peak Capital LLC owned 0.13% of Caesars Entertainment worth $9,034,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC lifted its holdings in shares of Caesars Entertainment by 1,777.8% in the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company's stock worth $28,000 after buying an additional 800 shares in the last quarter. Huntington National Bank boosted its position in shares of Caesars Entertainment by 3,203.8% during the 3rd quarter. Huntington National Bank now owns 859 shares of the company's stock valued at $36,000 after acquiring an additional 833 shares during the last quarter. Quarry LP purchased a new position in shares of Caesars Entertainment during the third quarter worth about $68,000. Steward Partners Investment Advisory LLC bought a new stake in Caesars Entertainment during the fourth quarter valued at approximately $73,000. Finally, Avior Wealth Management LLC grew its stake in Caesars Entertainment by 12,577.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company's stock worth $76,000 after buying an additional 2,264 shares in the last quarter. Institutional investors own 91.79% of the company's stock.

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Caesars Entertainment Stock Performance

Shares of NASDAQ CZR traded down $0.69 during trading hours on Thursday, hitting $26.63. 5,211,024 shares of the company's stock were exchanged, compared to its average volume of 5,038,123. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of -15.95 and a beta of 2.97. The company's 50-day moving average price is $34.03 and its 200-day moving average price is $37.39. Caesars Entertainment, Inc. has a 1-year low of $26.42 and a 1-year high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.81 billion. On average, sell-side analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CZR. Stifel Nicolaus cut their price target on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Barclays reduced their price objective on Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. JMP Securities lowered their price objective on Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating for the company in a research note on Thursday, January 16th. TD Cowen reduced their price objective on shares of Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. Finally, 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. 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $50.43.

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.