Wellington Management Group LLP grew its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 45.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,351 shares of the company's stock after acquiring an additional 51,946 shares during the period. Wellington Management Group LLP owned about 0.08% of Caesars Entertainment worth $5,526,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Caesars Entertainment by 1.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,504 shares of the company's stock valued at $1,287,000 after purchasing an additional 408 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Caesars Entertainment by 0.8% in the 4th quarter. Arizona State Retirement System now owns 62,785 shares of the company's stock worth $2,098,000 after purchasing an additional 470 shares during the period. Lebenthal Global Advisors LLC raised 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 valued at $364,000 after buying an additional 587 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in Caesars Entertainment by 12.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 5,563 shares of the company's stock worth $186,000 after buying an additional 601 shares during the last quarter. Finally, Bogart Wealth LLC increased its position in Caesars Entertainment by 1,777.8% during the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company's stock valued at $28,000 after acquiring an additional 800 shares during the last quarter. Institutional investors own 91.79% of the company's stock.
Caesars Entertainment Stock Performance
Shares of CZR traded down $0.02 during trading hours on Wednesday, reaching $25.06. 825,145 shares of the company traded hands, compared to its average volume of 4,788,443. The stock has a market capitalization of $5.31 billion, a P/E ratio of -14.99 and a beta of 2.67. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The business has a fifty day moving average price of $29.92 and a 200-day moving average price of $35.16. Caesars Entertainment, Inc. has a 12-month low of $21.40 and a 12-month high of $45.93.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.15) by $0.20. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. Equities analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Wells Fargo & Company cut their target price 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. Stifel Nicolaus reduced their price target on shares of 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 price target on shares of 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. JPMorgan Chase & Co. lowered their target price on Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. Finally, Jefferies Financial Group cut their price target on Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Three research 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $48.64.
View Our Latest Analysis on CZR
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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