Hsbc Holdings PLC Acquires 44,672 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Hsbc Holdings PLC lifted its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 16.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 308,386 shares of the company's stock after buying an additional 44,672 shares during the period. Hsbc Holdings PLC owned about 0.15% of Caesars Entertainment worth $10,272,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CZR. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Caesars Entertainment by 1.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,504 shares of the company's stock valued at $1,287,000 after acquiring an additional 408 shares during the period. Arizona State Retirement System increased its holdings in shares of Caesars Entertainment by 0.8% in the fourth quarter. Arizona State Retirement System now owns 62,785 shares of the company's stock valued at $2,098,000 after purchasing an additional 470 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Caesars Entertainment by 6.1% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 8,700 shares of the company's stock valued at $291,000 after purchasing an additional 500 shares during the period. Contrarian Capital Management L.L.C. lifted its position in Caesars Entertainment by 0.4% during the fourth quarter. Contrarian Capital Management L.L.C. now owns 118,000 shares of the company's stock worth $3,944,000 after acquiring an additional 500 shares during the last quarter. Finally, Lebenthal Global Advisors LLC lifted its holdings in Caesars Entertainment by 5.7% during the 4th quarter. Lebenthal Global Advisors LLC now owns 10,890 shares of the company's stock worth $364,000 after purchasing an additional 587 shares during the last quarter. Institutional investors own 91.79% of the company's stock.

Caesars Entertainment Trading Up 4.7 %

CZR opened at $28.44 on Monday. The company's 50 day moving average is $28.11 and its 200-day moving average is $34.15. The company has a market cap of $6.03 billion, a P/E ratio of -17.03 and a beta of 2.67. Caesars Entertainment, Inc. has a 1-year low of $21.40 and a 1-year 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.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted 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. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The firm had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.81 billion. Equities research analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

CZR has been the topic of several recent research reports. Capital One Financial upgraded Caesars Entertainment from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $51.00 to $47.00 in a research report on Thursday, April 3rd. Morgan Stanley dropped their price objective on shares of Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. JMP Securities lowered their target price on shares of Caesars Entertainment from $53.00 to $45.00 and set a "market outperform" rating on the stock in a report on Thursday, April 17th. TD Cowen cut their price target on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating for the company in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company lowered their price objective on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.86.

Caesars Entertainment Company 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.

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