SG Americas Securities LLC Has $22.32 Million Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

SG Americas Securities LLC cut its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 53.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 667,726 shares of the company's stock after selling 772,185 shares during the quarter. SG Americas Securities LLC owned 0.31% of Caesars Entertainment worth $22,315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC increased its position in shares of Caesars Entertainment by 18.7% in the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company's stock valued at $526,309,000 after acquiring an additional 1,983,151 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Caesars Entertainment by 383.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company's stock valued at $71,536,000 after purchasing an additional 1,697,443 shares during the last quarter. Bamco Inc. NY bought a new position in Caesars Entertainment in the third quarter valued at approximately $61,890,000. Progeny 3 Inc. acquired a new position in shares of Caesars Entertainment during the 3rd quarter worth approximately $37,649,000. Finally, Bank of Montreal Can raised its stake in shares of Caesars Entertainment by 451.6% during the 2nd quarter. Bank of Montreal Can now owns 1,017,484 shares of the company's stock worth $40,577,000 after purchasing an additional 833,039 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company's stock.

Caesars Entertainment Stock Performance

CZR stock traded up $0.39 during trading hours on Thursday, hitting $34.15. 2,856,805 shares of the stock were exchanged, compared to its average volume of 4,778,708. Caesars Entertainment, Inc. has a 12 month low of $30.78 and a 12 month high of $46.69. 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 firm has a market capitalization of $7.26 billion, a P/E ratio of -20.45 and a beta of 2.90. The company has a 50-day simple moving average of $35.22 and a two-hundred day simple moving average of $37.89.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.25). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the business posted $0.34 earnings per share. Caesars Entertainment's revenue was down 4.0% compared to the same quarter last year. On average, analysts forecast that Caesars Entertainment, Inc. will post -0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on CZR. StockNews.com raised shares of Caesars Entertainment from a "sell" rating to a "hold" rating in a research note on Thursday, October 31st. Macquarie reissued an "outperform" rating and issued a $50.00 price objective on shares of Caesars Entertainment in a research report on Wednesday, October 30th. Truist Financial dropped their target price on shares of Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Stifel Nicolaus reduced their price target on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a report on Thursday. Finally, Jefferies Financial Group lowered their price target on Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Caesars Entertainment has a consensus rating of "Moderate Buy" and a consensus price target of $51.36.

Caesars Entertainment 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.