Mesirow Institutional Investment Management Inc. Purchases 15,337 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Mesirow Institutional Investment Management Inc. grew its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 20.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 88,741 shares of the company's stock after purchasing an additional 15,337 shares during the period. Mesirow Institutional Investment Management Inc.'s holdings in Caesars Entertainment were worth $2,966,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CZR. Villere ST Denis J & Co. LLC raised its position in shares of Caesars Entertainment by 6.2% during the 4th 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. Cannell Capital LLC acquired a new stake in Caesars Entertainment in the fourth quarter worth approximately $13,498,000. Guyasuta Investment Advisors Inc. bought a new position in Caesars Entertainment during the 4th quarter valued at $385,000. Charles Schwab Investment Management Inc. increased its position 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 valued at $62,728,000 after purchasing an additional 11,671 shares during the period. Finally, Key Colony Management LLC bought a new stake in shares of Caesars Entertainment in the 4th quarter worth $6,350,000. Institutional investors and hedge funds own 91.79% of the company's stock.

Wall Street Analysts Forecast Growth

CZR has been the topic of several research reports. Susquehanna dropped their price target on shares of Caesars Entertainment from $30.00 to $23.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. JMP Securities reduced their price objective on Caesars Entertainment from $53.00 to $45.00 and set a "market outperform" rating for the company in a research note on Thursday, April 17th. Morgan Stanley reduced their target price on Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Truist Financial cut their price objective on Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Stifel Nicolaus decreased their target price on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $45.86.

Caesars Entertainment Stock Up 1.7 %

CZR stock traded up $0.45 during mid-day trading on Thursday, hitting $27.17. The stock had a trading volume of 7,547,964 shares, compared to its average volume of 4,895,385. Caesars Entertainment, Inc. has a 1-year low of $21.40 and a 1-year high of $45.93. The company has a fifty day moving average of $28.33 and a 200 day moving average of $34.39. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of -16.27 and a beta of 2.67.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.20. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. On average, equities analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

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.