PNC Financial Services Group Inc. reduced its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 33.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,419 shares of the company's stock after selling 11,005 shares during the period. PNC Financial Services Group Inc.'s holdings in Caesars Entertainment were worth $716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC lifted its position in shares of 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 buying an additional 800 shares in the last quarter. Huntington National Bank grew its position in shares of Caesars Entertainment by 3,203.8% in the third quarter. Huntington National Bank now owns 859 shares of the company's stock valued at $36,000 after purchasing an additional 833 shares during the period. Quarry LP purchased a new stake in shares of Caesars Entertainment during the third quarter worth about $68,000. Steward Partners Investment Advisory LLC purchased a new position in Caesars Entertainment in the 4th quarter valued at about $73,000. Finally, Avior Wealth Management LLC boosted its holdings 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 worth $76,000 after buying an additional 2,264 shares during the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating on the stock in a research report on Friday, January 3rd. 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. Jefferies Financial Group reduced their target price 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. Raymond James lowered their price target on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company cut their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with 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, Caesars Entertainment has an average rating of "Moderate Buy" and a consensus price target of $50.00.
Read Our Latest Stock Analysis on Caesars Entertainment
Caesars Entertainment Stock Down 3.2 %
NASDAQ:CZR traded down $0.89 during mid-day trading on Friday, hitting $27.36. The stock had a trading volume of 9,415,961 shares, compared to its average volume of 4,391,939. The company has a market capitalization of $5.80 billion, a PE ratio of -16.38 and a beta of 2.97. The stock has a 50-day simple moving average of $33.47 and a two-hundred day simple moving average of $37.00. Caesars Entertainment, Inc. has a twelve month low of $26.42 and a twelve month high of $45.93. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.81 billion. On average, equities research analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.
Caesars Entertainment Profile
(
Free Report)
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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