National Bank of Canada FI Buys 288,873 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

National Bank of Canada FI lifted its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 263.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 398,399 shares of the company's stock after buying an additional 288,873 shares during the quarter. National Bank of Canada FI owned about 0.19% of Caesars Entertainment worth $13,314,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bogart Wealth LLC increased its stake in Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company's stock valued at $28,000 after purchasing an additional 800 shares in the last quarter. Quarry LP bought a new stake in shares of Caesars Entertainment during the third quarter worth about $68,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Caesars Entertainment in the 4th quarter worth about $73,000. Avior Wealth Management LLC lifted its position in Caesars Entertainment by 12,577.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company's stock valued at $76,000 after acquiring an additional 2,264 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Caesars Entertainment by 219.6% during the 4th quarter. Jones Financial Companies Lllp now owns 3,410 shares of the company's stock valued at $114,000 after purchasing an additional 2,343 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company's stock.

Analysts Set New Price Targets

CZR has been the topic of a number of recent research reports. Barclays dropped their target price on Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company cut their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Macquarie lowered their target price on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Truist Financial dropped their price target on shares of Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group reduced their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $49.80.

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Caesars Entertainment Stock Performance

Shares of CZR traded down $2.49 during mid-day trading on Thursday, hitting $25.08. The stock had a trading volume of 1,234,324 shares, compared to its average volume of 4,781,645. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The firm has a market cap of $5.32 billion, a P/E ratio of -15.09 and a beta of 2.67. Caesars Entertainment, Inc. has a 52 week low of $21.40 and a 52 week high of $45.93. The business has a fifty day moving average price of $30.78 and a 200-day moving average price of $35.60.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. On average, equities research analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current 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.