Raymond James Financial Inc. acquired a new position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 268,660 shares of the company's stock, valued at approximately $8,978,000. Raymond James Financial Inc. owned 0.13% of Caesars Entertainment at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of CZR. Arizona State Retirement System lifted its stake in shares of Caesars Entertainment by 0.8% in the 4th quarter. Arizona State Retirement System now owns 62,785 shares of the company's stock valued at $2,098,000 after purchasing an additional 470 shares during the period. The Manufacturers Life Insurance Company lifted its position in Caesars Entertainment by 0.3% during the third quarter. The Manufacturers Life Insurance Company now owns 168,516 shares of the company's stock valued at $7,034,000 after buying an additional 582 shares during the period. Lebenthal Global Advisors LLC boosted its holdings in shares of Caesars Entertainment by 5.7% during the 4th quarter. Lebenthal Global Advisors LLC now owns 10,890 shares of the company's stock valued at $364,000 after buying an additional 587 shares in the last quarter. Captrust Financial Advisors grew its holdings in Caesars Entertainment by 3.7% in the third quarter. Captrust Financial Advisors now owns 20,038 shares of the company's stock worth $836,000 after purchasing an additional 720 shares during the period. Finally, Bogart Wealth LLC boosted its stake in Caesars Entertainment by 1,777.8% in the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company's stock worth $28,000 after purchasing an additional 800 shares in the last quarter. 91.79% of the stock is owned by institutional investors.
Caesars Entertainment Stock Performance
NASDAQ CZR traded up $0.77 during trading hours on Monday, hitting $28.13. 6,077,635 shares of the company's stock traded hands, compared to its average volume of 4,417,518. Caesars Entertainment, Inc. has a 52 week low of $26.42 and a 52 week high of $45.93. The firm has a market capitalization of $5.96 billion, a P/E ratio of -16.84 and a beta of 2.97. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The business's fifty day moving average price is $33.31 and its two-hundred day moving average price is $36.86.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. Equities research analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their target price 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. Truist Financial lowered their price objective on Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Raymond James cut their target price on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, March 19th. Stifel Nicolaus decreased their price target on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Finally, TD Cowen dropped their price objective on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. Three 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $50.00.
Read Our Latest Analysis on Caesars Entertainment
About Caesars Entertainment
(
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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