Proficio Capital Partners LLC Invests $478,000 in Caesars Entertainment, Inc. (NASDAQ:CZR)

Proficio Capital Partners LLC bought a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 14,304 shares of the company's stock, valued at approximately $478,000.

Several other hedge funds have also recently added to or reduced their stakes in CZR. Janus Henderson Group PLC grew its holdings in shares of Caesars Entertainment by 18.7% in the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company's stock worth $526,309,000 after acquiring an additional 1,983,151 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Caesars Entertainment by 383.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company's stock valued at $71,536,000 after buying an additional 1,697,443 shares in the last quarter. Bamco Inc. NY acquired a new stake in Caesars Entertainment during the third quarter valued at $61,890,000. Principal Financial Group Inc. boosted its position in Caesars Entertainment by 4.2% during the third quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company's stock valued at $60,712,000 after purchasing an additional 59,170 shares during the last quarter. Finally, ING Groep NV acquired a new stake in Caesars Entertainment during the fourth quarter valued at $35,797,000. Institutional investors own 91.79% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. JMP Securities reduced their price target on Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. lowered their price target 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. Jefferies Financial Group lowered their price objective on Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Susquehanna raised Caesars Entertainment from a "negative" rating to a "neutral" rating and set a $30.00 price objective on the stock in a report on Thursday, March 6th. Finally, Stifel Nicolaus reduced their price objective on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Three investment 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $50.43.

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Caesars Entertainment Trading Up 5.4 %

Shares of CZR traded up $1.44 during trading hours on Friday, reaching $28.07. The stock had a trading volume of 5,247,442 shares, compared to its average volume of 4,336,406. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. Caesars Entertainment, Inc. has a 52 week low of $26.42 and a 52 week high of $45.93. The firm has a 50-day moving average of $33.91 and a 200 day moving average of $37.31. The company has a market cap of $5.95 billion, a P/E ratio of -16.81 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.15) by $0.20. The firm 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%. On average, sell-side analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal 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.