Wells Fargo & Company MN Decreases Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

Wells Fargo & Company MN trimmed its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 28.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,620 shares of the company's stock after selling 77,013 shares during the period. Wells Fargo & Company MN owned 0.09% of Caesars Entertainment worth $6,604,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Caesars Entertainment by 1.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,504 shares of the company's stock valued at $1,287,000 after acquiring an additional 408 shares during the last quarter. Arizona State Retirement System raised its stake in Caesars Entertainment by 0.8% during the 4th quarter. Arizona State Retirement System now owns 62,785 shares of the company's stock valued at $2,098,000 after buying an additional 470 shares during the last quarter. Lebenthal Global Advisors LLC boosted its stake in shares of Caesars Entertainment by 5.7% in the 4th quarter. Lebenthal Global Advisors LLC now owns 10,890 shares of the company's stock worth $364,000 after buying an additional 587 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of 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 acquiring an additional 601 shares during the period. 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 Up 0.7 %

CZR traded up $0.18 during trading on Thursday, hitting $26.90. The stock had a trading volume of 1,693,952 shares, compared to its average volume of 4,866,422. The stock has a 50 day simple moving average of $28.58 and a two-hundred day simple moving average of $34.51. 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 twelve month low of $21.40 and a twelve month high of $45.93. The company has a market capitalization of $5.70 billion, a PE ratio of -16.12 and a beta of 2.67.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.20. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. On average, research analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. TD Cowen decreased their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. Capital One Financial upgraded Caesars Entertainment from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock from $51.00 to $47.00 in a research report on Thursday, April 3rd. Wells Fargo & Company lowered 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. Susquehanna decreased their target price on shares of Caesars Entertainment from $30.00 to $23.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Morgan Stanley reduced their price objective on shares of Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Three equities 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 company. According to MarketBeat.com, Caesars Entertainment presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.86.

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.