SCP Investment LP trimmed its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 31.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 615,000 shares of the company's stock after selling 285,000 shares during the period. Caesars Entertainment accounts for approximately 15.7% of SCP Investment LP's investment portfolio, making the stock its 2nd biggest position. SCP Investment LP owned 0.29% of Caesars Entertainment worth $20,553,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bogart Wealth LLC raised its position in shares of 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 acquiring an additional 800 shares in the last quarter. Quarry LP acquired a new position in shares of Caesars Entertainment during the third quarter worth approximately $68,000. Steward Partners Investment Advisory LLC purchased a new position in Caesars Entertainment during the fourth quarter worth about $73,000. Avior Wealth Management LLC boosted its stake in shares of Caesars Entertainment by 12,577.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company's stock worth $76,000 after buying an additional 2,264 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Caesars Entertainment by 219.6% during the fourth quarter. Jones Financial Companies Lllp now owns 3,410 shares of the company's stock worth $114,000 after acquiring an additional 2,343 shares during the period. Institutional investors own 91.79% of the company's stock.
Caesars Entertainment Trading Down 6.5 %
Caesars Entertainment stock traded down $1.70 during midday trading on Thursday, reaching $24.57. The stock had a trading volume of 6,426,750 shares, compared to its average volume of 4,650,574. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of -14.71 and a beta of 2.97. The company has a fifty day moving average of $32.27 and a 200 day moving average of $36.35. Caesars Entertainment, Inc. has a 52-week low of $23.52 and a 52-week high of $45.93. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its quarterly 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. 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 for the quarter, compared to analyst estimates of $2.81 billion. On average, analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of analysts have issued reports on CZR shares. Capital One Financial raised Caesars Entertainment from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $51.00 to $47.00 in a research report on Thursday. Macquarie lowered 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. Stifel Nicolaus decreased their price target on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Barclays dropped their price objective on shares of Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Finally, Truist Financial reduced 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. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Caesars Entertainment currently has an average rating of "Moderate Buy" and an average target price of $49.80.
Read Our Latest Research Report 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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