Sumitomo Mitsui Trust Group Inc. Has $262,000 Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Sumitomo Mitsui Trust Group Inc. cut its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 98.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,288 shares of the company's stock after selling 397,260 shares during the quarter. Sumitomo Mitsui Trust Group Inc.'s holdings in Caesars Entertainment were worth $262,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Caesars Entertainment by 0.3% in the first quarter. Vanguard Group Inc. now owns 23,635,788 shares of the company's stock worth $1,033,829,000 after acquiring an additional 75,898 shares during the last quarter. Capital Research Global Investors grew its position in Caesars Entertainment by 26.9% in the 1st quarter. Capital Research Global Investors now owns 15,505,033 shares of the company's stock worth $678,190,000 after purchasing an additional 3,289,748 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Caesars Entertainment by 2.5% during the 1st quarter. Janus Henderson Group PLC now owns 9,616,712 shares of the company's stock worth $420,633,000 after purchasing an additional 233,250 shares during the period. EdgePoint Investment Group Inc. lifted its stake in shares of Caesars Entertainment by 1.0% in the second quarter. EdgePoint Investment Group Inc. now owns 5,859,251 shares of the company's stock valued at $232,847,000 after buying an additional 60,184 shares during the period. Finally, Nut Tree Capital Management LP increased its stake in Caesars Entertainment by 340.0% during the first quarter. Nut Tree Capital Management LP now owns 2,200,000 shares of the company's stock valued at $96,228,000 after acquiring an additional 1,700,000 shares during the period. Institutional investors and hedge funds own 91.79% of the company's stock.

Caesars Entertainment Price Performance

CZR opened at $37.59 on Thursday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The company's 50 day simple moving average is $41.63 and its 200-day simple moving average is $38.32. Caesars Entertainment, Inc. has a one year low of $31.74 and a one year high of $50.51.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.25). The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The company's revenue was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.34 EPS. Sell-side analysts anticipate that Caesars Entertainment, Inc. will post -0.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CZR shares. StockNews.com raised Caesars Entertainment from a "sell" rating to a "hold" rating in a report on Thursday, October 31st. JMP Securities reissued a "market outperform" rating and issued a $59.00 price target on shares of Caesars Entertainment in a report on Monday, October 14th. Morgan Stanley raised their price objective on shares of Caesars Entertainment from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their target price on shares of Caesars Entertainment from $54.00 to $58.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Finally, Macquarie restated an "outperform" rating and set a $50.00 price target on shares of Caesars Entertainment in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have issued 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, the company has an average rating of "Moderate Buy" and a consensus price target of $54.00.

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.