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

Proficio Capital Partners LLC bought a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,304 shares of the company's stock, valued at approximately $478,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CZR. Villere ST Denis J & Co. LLC raised its position in Caesars Entertainment by 6.2% during the fourth quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company's stock valued at $26,877,000 after purchasing an additional 47,294 shares during the period. Guyasuta Investment Advisors Inc. purchased a new position in Caesars Entertainment during the fourth quarter worth $385,000. Charles Schwab Investment Management Inc. increased its position in Caesars Entertainment by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company's stock valued at $62,728,000 after acquiring an additional 11,671 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Caesars Entertainment by 4.5% in the third quarter. Wellington Management Group LLP now owns 113,405 shares of the company's stock valued at $4,734,000 after acquiring an additional 4,840 shares during the period. Finally, Key Colony Management LLC bought a new stake in shares of Caesars Entertainment in the 4th quarter worth about $6,350,000. 91.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CZR shares. TD Cowen reduced their price target on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Wells Fargo & Company decreased their target price on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Raymond James lowered their target price on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a research note on Wednesday, March 19th. Truist Financial decreased their price objective on shares of Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Finally, Macquarie dropped their target price on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $50.00.

Remove Ads

Caesars Entertainment Stock Down 5.0 %

Shares of Caesars Entertainment stock traded down $1.34 on Friday, reaching $25.67. The stock had a trading volume of 5,872,155 shares, compared to its average volume of 4,593,497. Caesars Entertainment, Inc. has a 1 year low of $25.44 and a 1 year high of $45.93. The company has a 50 day moving average price of $32.96 and a 200 day moving average price of $36.67. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The stock has a market capitalization of $5.44 billion, a P/E ratio of -15.37 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly 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 business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. As a group, equities research analysts forecast 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.