Russell Investments Group Ltd. Acquires 38,505 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Russell Investments Group Ltd. lifted its stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 803,138 shares of the company's stock after buying an additional 38,505 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.38% of Caesars Entertainment worth $26,840,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Villere ST Denis J & Co. LLC raised its holdings in shares of Caesars Entertainment by 6.2% during the 4th quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company's stock worth $26,877,000 after acquiring an additional 47,294 shares during the period. Guyasuta Investment Advisors Inc. acquired a new position in shares of Caesars Entertainment in the 4th quarter valued at $385,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Caesars Entertainment by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company's stock worth $62,728,000 after purchasing an additional 11,671 shares during the period. Wellington Management Group LLP increased its position in shares of Caesars Entertainment by 4.5% during the 3rd quarter. Wellington Management Group LLP now owns 113,405 shares of the company's stock worth $4,734,000 after purchasing an additional 4,840 shares during the last quarter. Finally, Key Colony Management LLC purchased a new stake in Caesars Entertainment in the 4th quarter valued at about $6,350,000. Institutional investors and hedge funds own 91.79% of the company's stock.

Remove Ads

Analysts Set New Price Targets

CZR has been the subject of several research analyst reports. Raymond James lowered their price target on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a research report on Wednesday, March 19th. JPMorgan Chase & Co. dropped their target price on Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. JMP Securities cut their price target on shares of Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating on the stock in a research note on Thursday, January 16th. Susquehanna raised shares of Caesars Entertainment from a "negative" rating to a "neutral" rating and set a $30.00 price objective for the company in a research note on Thursday, March 6th. Finally, Barclays cut their target price on shares of Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.14.

Caesars Entertainment Stock Up 0.3 %

Shares of Caesars Entertainment stock traded up $0.08 during trading on Monday, reaching $25.41. The company had a trading volume of 509,014 shares, compared to its average volume of 4,794,734. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment, Inc. has a fifty-two week low of $21.40 and a fifty-two week high of $45.93. The firm's fifty day moving average is $30.36 and its 200-day moving average is $35.35. The company has a market cap of $5.39 billion, a price-to-earnings ratio of -15.22 and a beta of 2.67.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. On average, analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current 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.