Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Bought by Soros Capital Management LLC

Soros Capital Management LLC increased its stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 20.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,220 shares of the company's stock after acquiring an additional 19,294 shares during the period. Soros Capital Management LLC owned approximately 0.05% of Caesars Entertainment worth $3,750,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CZR. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Caesars Entertainment by 1.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,504 shares of the company's stock worth $1,287,000 after acquiring an additional 408 shares during the period. Arizona State Retirement System raised its position in Caesars Entertainment by 0.8% during the 4th quarter. Arizona State Retirement System now owns 62,785 shares of the company's stock valued at $2,098,000 after purchasing an additional 470 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in shares of Caesars Entertainment by 6.1% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 8,700 shares of the company's stock worth $291,000 after buying an additional 500 shares during the period. Contrarian Capital Management L.L.C. lifted its stake in Caesars Entertainment by 0.4% in the fourth quarter. Contrarian Capital Management L.L.C. now owns 118,000 shares of the company's stock worth $3,944,000 after acquiring an additional 500 shares during the period. Finally, Lebenthal Global Advisors LLC grew its holdings 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 acquiring an additional 587 shares in the last quarter. 91.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CZR shares. Susquehanna reduced their price objective on shares of Caesars Entertainment from $30.00 to $23.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Macquarie decreased their price objective 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. Morgan Stanley cut their target price on Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Capital One Financial raised shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and decreased their price target for the company from $51.00 to $47.00 in a research report on Thursday, April 3rd. Finally, Barclays lowered their price target on shares of Caesars Entertainment from $54.00 to $44.00 and set an "overweight" rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Caesars Entertainment presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.86.

Caesars Entertainment Stock Performance

NASDAQ CZR traded up $0.45 during trading hours on Thursday, reaching $27.17. The stock had a trading volume of 7,547,964 shares, compared to its average volume of 4,895,385. Caesars Entertainment, Inc. has a 52-week low of $21.40 and a 52-week high of $45.93. 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 stock has a market cap of $5.76 billion, a P/E ratio of -16.27 and a beta of 2.67. The stock has a fifty day moving average of $28.33 and a 200 day moving average of $34.39.

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

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.