MYDA Advisors LLC Increases Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

MYDA Advisors LLC lifted its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 64.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 187,862 shares of the company's stock after acquiring an additional 73,862 shares during the period. Caesars Entertainment accounts for approximately 1.6% of MYDA Advisors LLC's holdings, making the stock its 20th biggest holding. MYDA Advisors LLC owned 0.09% of Caesars Entertainment worth $6,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CZR. Vanguard Group Inc. grew its holdings in Caesars Entertainment by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 23,364,859 shares of the company's stock valued at $780,854,000 after purchasing an additional 100,263 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Caesars Entertainment by 14.8% during the fourth quarter. Capital Research Global Investors now owns 19,811,919 shares of the company's stock valued at $662,088,000 after buying an additional 2,555,876 shares during the period. Cohen & Steers Inc. grew its stake in shares of Caesars Entertainment by 14.8% during the fourth quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company's stock valued at $487,265,000 after buying an additional 1,882,728 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Caesars Entertainment by 28.0% in the fourth quarter. Invesco Ltd. now owns 5,553,375 shares of the company's stock worth $185,594,000 after buying an additional 1,213,426 shares during the period. Finally, Norges Bank bought a new stake in shares of Caesars Entertainment during the 4th quarter worth approximately $75,058,000. Hedge funds and other institutional investors own 91.79% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price on Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating on the stock in a research note on Friday, January 3rd. Stifel Nicolaus reduced their price target on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. TD Cowen decreased their price objective on shares of Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating for the company in a report on Tuesday, February 4th. Jefferies Financial Group dropped their target price on shares of Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Finally, Susquehanna decreased their price target on shares of Caesars Entertainment from $30.00 to $23.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Caesars Entertainment has an average rating of "Moderate Buy" and an average price target of $45.86.

Caesars Entertainment Stock Down 0.1 %

CZR traded down $0.03 during trading on Wednesday, hitting $26.72. The stock had a trading volume of 7,504,592 shares, compared to its average volume of 4,878,476. Caesars Entertainment, Inc. has a twelve month low of $21.40 and a twelve month high of $45.93. The stock has a 50 day simple moving average of $28.58 and a two-hundred day simple moving average of $34.51. 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 capitalization of $5.66 billion, a PE ratio of -16.00 and a beta of 2.67.

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

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.