Sei Investments Co. Has $30.37 Million Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Sei Investments Co. raised its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 11.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 908,736 shares of the company's stock after purchasing an additional 92,648 shares during the quarter. Sei Investments Co. owned 0.43% of Caesars Entertainment worth $30,370,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Quest Partners LLC raised its stake in shares of Caesars Entertainment by 528,000.0% in the third quarter. Quest Partners LLC now owns 5,281 shares of the company's stock valued at $220,000 after purchasing an additional 5,280 shares in the last quarter. PNC Financial Services Group Inc. raised its stake 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 buying an additional 11,665 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Caesars Entertainment by 65.8% during the 3rd quarter. Cerity Partners LLC now owns 18,237 shares of the company's stock worth $761,000 after acquiring an additional 7,235 shares during the period. Algert Global LLC acquired a new stake in shares of Caesars Entertainment during the 3rd quarter valued at about $2,590,000. Finally, Pitcairn Co. increased its stake in Caesars Entertainment by 6.8% in the third quarter. Pitcairn Co. now owns 15,543 shares of the company's stock valued at $649,000 after acquiring an additional 985 shares during the period. Institutional investors and hedge funds own 91.79% of the company's stock.

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Caesars Entertainment Trading Down 5.0 %

CZR stock traded down $1.34 during trading on Friday, hitting $25.67. The company had a trading volume of 5,872,155 shares, compared to its average volume of 4,601,995. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of -15.37 and a beta of 2.97. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The firm has a 50-day moving average price of $32.79 and a 200-day moving average price of $36.60. Caesars Entertainment, Inc. has a 12 month low of $25.43 and a 12 month high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.20. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. As a group, analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CZR shares. Jefferies Financial Group lowered their price objective on Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Truist Financial lowered their price target 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. Susquehanna raised Caesars Entertainment from a "negative" rating to a "neutral" rating and set a $30.00 price objective for the company in a report on Thursday, March 6th. 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 report on Wednesday, February 26th. Finally, Wells Fargo & Company dropped their target price on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Caesars Entertainment presently has an average rating of "Moderate Buy" and a consensus price target of $50.00.

About Caesars Entertainment

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.