Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,364,859 shares of the company's stock after purchasing an additional 100,263 shares during the period. Vanguard Group Inc. owned 11.00% of Caesars Entertainment worth $780,854,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CZR. Janus Henderson Group PLC grew its holdings in Caesars Entertainment by 18.7% during the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company's stock valued at $526,309,000 after buying an additional 1,983,151 shares during the last quarter. Appaloosa LP boosted its stake in shares of Caesars Entertainment by 2.3% during the fourth quarter. Appaloosa LP now owns 2,200,000 shares of the company's stock valued at $73,524,000 after acquiring an additional 50,000 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of 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 acquiring an additional 1,697,443 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Caesars Entertainment by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company's stock worth $62,728,000 after purchasing an additional 11,671 shares in the last quarter. Finally, Bamco Inc. NY acquired a new position in Caesars Entertainment in the 3rd quarter valued at about $61,890,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

CZR has been the subject of a number of recent research reports. Capital One Financial upgraded shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and lowered their price target for the stock from $51.00 to $47.00 in a report on Thursday. Jefferies Financial Group cut their price target on Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating for the company in a report on Friday, January 3rd. Raymond James reduced their price target on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, March 19th. Stifel Nicolaus lowered their price objective on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Finally, Susquehanna upgraded Caesars Entertainment from a "negative" rating to a "neutral" rating and set a $30.00 target price on the stock in a research report on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Caesars Entertainment has a consensus rating of "Moderate Buy" and a consensus target price of $49.80.

Caesars Entertainment Trading Down 9.5 %

CZR traded down $2.50 during trading on Thursday, hitting $23.77. 12,083,911 shares of the company's stock were exchanged, compared to its average volume of 4,678,383. Caesars Entertainment, Inc. has a 1 year low of $23.47 and a 1 year high of $45.93. The stock has a 50 day moving average price of $32.06 and a 200 day moving average price of $36.26. The firm has a market cap of $5.04 billion, a P/E ratio of -14.23 and a beta of 2.97. The company has a current ratio of 0.84, a quick ratio of 0.82 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 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.20. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates 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 expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Caesars Entertainment Company 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.