Virtu Financial LLC Makes New $818,000 Investment in Caesars Entertainment, Inc. (NASDAQ:CZR)

Virtu Financial LLC purchased a new position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,474 shares of the company's stock, valued at approximately $818,000.

Other large investors also recently modified their holdings of the company. Bogart Wealth LLC increased its stake in Caesars Entertainment by 1,777.8% in the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company's stock worth $28,000 after acquiring an additional 800 shares during the last quarter. Quarry LP bought a new position in shares of Caesars Entertainment in the third quarter worth approximately $68,000. Steward Partners Investment Advisory LLC purchased a new stake in Caesars Entertainment in the fourth quarter valued at approximately $73,000. Avior Wealth Management LLC lifted its position in Caesars Entertainment by 12,577.8% during the fourth quarter. Avior Wealth Management LLC now owns 2,282 shares of the company's stock valued at $76,000 after purchasing an additional 2,264 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in Caesars Entertainment by 219.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,410 shares of the company's stock worth $114,000 after buying an additional 2,343 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors.

Caesars Entertainment Trading Down 5.0 %

NASDAQ:CZR traded down $1.34 during trading hours on Friday, hitting $25.67. The company had a trading volume of 5,872,155 shares, compared to its average volume of 4,601,991. 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 stock has a 50-day moving average price of $32.79 and a 200 day moving average price of $36.59. The company has a market capitalization of $5.44 billion, a PE ratio of -15.37 and a beta of 2.97. Caesars Entertainment, Inc. has a 52 week low of $25.44 and a 52 week high of $45.93.

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Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share 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 firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. On average, equities research analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Analysts Set New Price Targets

CZR has been the subject of a number of research analyst reports. Barclays dropped their price objective on shares of Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Macquarie cut their price objective on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company reduced their price objective on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Raymond James dropped their target price on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a research report on Wednesday, March 19th. Finally, Jefferies Financial Group reduced their price target on shares of Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Three 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. According to data from MarketBeat, Caesars Entertainment has an average rating of "Moderate Buy" and an average price target of $50.00.

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.