Virtu Financial LLC acquired a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 24,474 shares of the company's stock, valued at approximately $818,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC lifted 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 worth $526,309,000 after buying an additional 1,983,151 shares during the period. Appaloosa LP lifted its stake in shares of Caesars Entertainment by 2.3% in the fourth quarter. Appaloosa LP now owns 2,200,000 shares of the company's stock worth $73,524,000 after acquiring an additional 50,000 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Caesars Entertainment by 383.1% in 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. boosted its holdings in Caesars Entertainment by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company's stock valued at $62,728,000 after acquiring an additional 11,671 shares during the last quarter. Finally, Bamco Inc. NY bought a new position in Caesars Entertainment during the 3rd quarter worth approximately $61,890,000. Institutional investors own 91.79% of the company's stock.
Wall Street Analyst Weigh In
CZR has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. TD Cowen decreased their price target on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating for the company in a report on Tuesday, February 4th. Stifel Nicolaus dropped their price objective on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. JMP Securities decreased their target price on Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating for the company in a research note on Thursday, January 16th. Finally, Wells Fargo & Company dropped their price target on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $50.00.
Check Out Our Latest Analysis on Caesars Entertainment
Caesars Entertainment Price Performance
Shares of NASDAQ CZR opened at $28.13 on Tuesday. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of -16.84 and a beta of 2.97. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment, Inc. has a fifty-two week low of $26.42 and a fifty-two week high of $45.93. The firm's 50-day simple moving average is $33.31 and its 200 day simple moving average is $36.86.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.20. The company had revenue of $2.80 billion for the quarter, compared to analysts' expectations 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, research analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.
About Caesars Entertainment
(
Free Report)
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.
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