Key Colony Management LLC Invests $6.35 Million in Caesars Entertainment, Inc. (NASDAQ:CZR)

Key Colony Management LLC bought a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 190,000 shares of the company's stock, valued at approximately $6,350,000. Caesars Entertainment makes up approximately 9.5% of Key Colony Management LLC's investment portfolio, making the stock its 4th largest position. Key Colony Management LLC owned about 0.09% of Caesars Entertainment as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CZR. Janus Henderson Group PLC raised its stake in Caesars Entertainment by 18.7% during the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company's stock valued at $526,309,000 after buying an additional 1,983,151 shares in the last quarter. EdgePoint Investment Group Inc. increased its holdings in shares of Caesars Entertainment by 1.0% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 5,859,251 shares of the company's stock valued at $232,847,000 after acquiring an additional 60,184 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Caesars Entertainment by 383.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company's stock valued at $71,536,000 after acquiring an additional 1,697,443 shares during the last quarter. Helikon Investments Ltd raised its position in shares of Caesars Entertainment by 67.1% during the 3rd quarter. Helikon Investments Ltd now owns 1,587,547 shares of the company's stock valued at $66,264,000 after acquiring an additional 637,303 shares in the last quarter. Finally, Bamco Inc. NY bought a new position in Caesars Entertainment during the third quarter worth $61,890,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Caesars Entertainment Stock Performance

CZR stock traded up $0.19 during trading on Wednesday, reaching $33.38. 5,015,820 shares of the company's stock were exchanged, compared to its average volume of 4,642,657. The firm has a market cap of $7.09 billion, a PE ratio of -19.99 and a beta of 2.90. 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 1-year low of $30.78 and a 1-year high of $47.99. The company's fifty day moving average price is $36.09 and its 200-day moving average price is $38.07.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.25). The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. On average, research analysts expect that Caesars Entertainment, Inc. will post -0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

CZR has been the subject of several recent research reports. Morgan Stanley boosted their target price on shares of Caesars Entertainment from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 22nd. Macquarie reiterated an "outperform" rating and set a $50.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, October 30th. Wells Fargo & Company cut their target price on shares of Caesars Entertainment from $58.00 to $53.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. lowered their target price on Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. Finally, StockNews.com upgraded Caesars Entertainment from a "sell" rating to a "hold" rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $52.14.

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.