Marshall Wace LLP Sells 234,304 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Marshall Wace LLP trimmed its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 49.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,803 shares of the company's stock after selling 234,304 shares during the period. Marshall Wace LLP owned approximately 0.11% of Caesars Entertainment worth $7,947,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC increased its position in Caesars Entertainment by 519.4% during the fourth quarter. NewEdge Advisors LLC now owns 7,160 shares of the company's stock worth $239,000 after acquiring an additional 6,004 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in shares of Caesars Entertainment by 6.1% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 8,700 shares of the company's stock worth $291,000 after purchasing an additional 500 shares during the period. Gamco Investors INC. ET AL increased its holdings in shares of Caesars Entertainment by 10.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 376,968 shares of the company's stock worth $12,598,000 after purchasing an additional 34,265 shares during the period. Gabelli Funds LLC lifted its stake in shares of Caesars Entertainment by 10.6% in the fourth quarter. Gabelli Funds LLC now owns 161,700 shares of the company's stock valued at $5,404,000 after buying an additional 15,500 shares during the period. Finally, Guggenheim Capital LLC grew its position in Caesars Entertainment by 44.5% during the fourth quarter. Guggenheim Capital LLC now owns 19,626 shares of the company's stock worth $656,000 after buying an additional 6,047 shares in the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Trading Up 7.0 %

Shares of CZR opened at $26.75 on Wednesday. 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 company has a market cap of $5.67 billion, a price-to-earnings ratio of -16.02 and a beta of 2.67. The stock has a fifty day moving average price of $28.84 and a two-hundred day moving average price of $34.56. 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 released its quarterly 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. The business had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on CZR shares. Stifel Nicolaus reduced their price objective on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Susquehanna reduced their target price on Caesars Entertainment from $30.00 to $23.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. JMP Securities lowered their price target 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. Barclays reduced their price objective on shares of Caesars Entertainment from $54.00 to $44.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, Truist Financial lowered their target price on shares of Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Three equities 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 data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.43.

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.

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