Raymond James Financial Inc. purchased a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 268,660 shares of the company's stock, valued at approximately $8,978,000. Raymond James Financial Inc. owned about 0.13% of Caesars Entertainment at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CZR. Arizona State Retirement System increased its stake in shares of Caesars Entertainment by 0.8% during the fourth quarter. Arizona State Retirement System now owns 62,785 shares of the company's stock worth $2,098,000 after purchasing an additional 470 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Caesars Entertainment by 0.3% in the 3rd 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 in the last quarter. Lebenthal Global Advisors LLC increased its position in Caesars Entertainment by 5.7% during the 4th quarter. Lebenthal Global Advisors LLC now owns 10,890 shares of the company's stock worth $364,000 after buying an additional 587 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Caesars Entertainment by 3.7% during the third quarter. Captrust Financial Advisors now owns 20,038 shares of the company's stock worth $836,000 after buying an additional 720 shares in the last quarter. Finally, Bogart Wealth LLC grew its stake in shares of Caesars Entertainment by 1,777.8% in the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company's stock valued at $28,000 after acquiring an additional 800 shares in the last quarter. 91.79% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on CZR. Raymond James cut their price objective on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a report on Wednesday, March 19th. Macquarie cut their price target on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. JMP Securities reduced their price target on Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating on the stock in a research report on Thursday, January 16th. Barclays dropped their price objective on Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Finally, Stifel Nicolaus cut their target price on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Three investment 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.00.
View Our Latest Stock Analysis on CZR
Caesars Entertainment Price Performance
Shares of CZR traded down $0.59 during mid-day trading on Tuesday, reaching $27.54. The company had a trading volume of 3,343,288 shares, compared to its average volume of 4,414,759. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of -16.49 and a beta of 2.97. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The company's 50 day simple moving average is $33.31 and its 200 day simple moving average is $36.86. Caesars Entertainment, Inc. has a 1-year low of $26.42 and a 1-year high of $45.93.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its 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. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. Analysts expect 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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