Proficio Capital Partners LLC Takes Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CZR. Quest Partners LLC raised its position in shares of Caesars Entertainment by 528,000.0% during the 3rd quarter. Quest Partners LLC now owns 5,281 shares of the company's stock valued at $220,000 after acquiring an additional 5,280 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Caesars Entertainment by 56.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 32,424 shares of the company's stock valued at $1,353,000 after acquiring an additional 11,665 shares during the period. Cerity Partners LLC increased its stake in Caesars Entertainment by 65.8% in the third quarter. Cerity Partners LLC now owns 18,237 shares of the company's stock valued at $761,000 after purchasing an additional 7,235 shares in the last quarter. Algert Global LLC bought a new position in shares of Caesars Entertainment during the third quarter worth $2,590,000. Finally, Pitcairn Co. boosted its position in shares of Caesars Entertainment by 6.8% during the third quarter. Pitcairn Co. now owns 15,543 shares of the company's stock worth $649,000 after purchasing an additional 985 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Trading Up 2.8 %

Shares of NASDAQ:CZR opened at $28.13 on Tuesday. The company's 50-day moving average price is $33.31 and its two-hundred day moving average price is $36.86. Caesars Entertainment, Inc. has a one year low of $26.42 and a one year high of $45.93. 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 stock has a market capitalization of $5.96 billion, a PE ratio of -16.84 and a beta of 2.97.

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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 the consensus estimate of ($0.15) by $0.20. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates 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, equities analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CZR. Barclays dropped their price objective on Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Raymond James dropped their price target on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, March 19th. TD Cowen decreased their price objective on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, February 4th. JMP Securities dropped their target price on shares of Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating on the stock in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $50.00.

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.

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