Wolf Hill Capital Management LP Sells 4,972,719 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Wolf Hill Capital Management LP lessened its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 90.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 511,516 shares of the company's stock after selling 4,972,719 shares during the quarter. Caesars Entertainment makes up approximately 1.2% of Wolf Hill Capital Management LP's investment portfolio, making the stock its 21st largest position. Wolf Hill Capital Management LP owned approximately 0.24% of Caesars Entertainment worth $17,095,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Capital Research Global Investors grew its stake in Caesars Entertainment by 14.8% in the 4th quarter. Capital Research Global Investors now owns 19,811,919 shares of the company's stock valued at $662,088,000 after buying an additional 2,555,876 shares during the last quarter. Norges Bank bought a new position in shares of Caesars Entertainment during the fourth quarter worth approximately $75,058,000. Cohen & Steers Inc. lifted its holdings in Caesars Entertainment by 14.8% during the 4th quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company's stock worth $487,265,000 after purchasing an additional 1,882,728 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Caesars Entertainment by 383.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company's stock worth $71,536,000 after purchasing an additional 1,697,443 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Caesars Entertainment by 28.0% in the 4th quarter. Invesco Ltd. now owns 5,553,375 shares of the company's stock valued at $185,594,000 after purchasing an additional 1,213,426 shares during the period. Institutional investors and hedge funds own 91.79% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CZR shares. TD Cowen reduced their target price on shares of Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, February 4th. Morgan Stanley reduced their target price on Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus dropped their target price on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Susquehanna reduced their price target on shares of Caesars Entertainment from $30.00 to $23.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $45.86.

Caesars Entertainment Price Performance

CZR traded up $1.27 on Friday, reaching $28.44. The stock had a trading volume of 5,507,540 shares, compared to its average volume of 4,904,767. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of -17.03 and a beta of 2.67. Caesars Entertainment, Inc. has a fifty-two week low of $21.40 and a fifty-two week high of $45.93. The firm has a 50-day moving average of $28.11 and a 200-day moving average of $34.29.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) 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 business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. As a group, sell-side analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current 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.