Caesars Entertainment, Inc. (NASDAQ:CZR) is Capital Advisors Ltd. LLC’s 2nd Largest Position

Capital Advisors Ltd. LLC lifted its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 20.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,063,555 shares of the company’s stock after purchasing an additional 178,875 shares during the period. Caesars Entertainment accounts for about 7.0% of Capital Advisors Ltd. LLC’s investment portfolio, making the stock its 2nd biggest holding. Capital Advisors Ltd. LLC’s holdings in Caesars Entertainment were worth $49,859,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. increased its stake in Caesars Entertainment by 26.4% in the 3rd quarter. Federated Hermes Inc. now owns 44,384 shares of the company’s stock valued at $2,057,000 after purchasing an additional 9,270 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Caesars Entertainment by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,052,738 shares of the company’s stock valued at $95,144,000 after purchasing an additional 77,595 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Caesars Entertainment in the 3rd quarter valued at approximately $2,259,000. Strs Ohio increased its stake in Caesars Entertainment by 33.2% in the 4th quarter. Strs Ohio now owns 676,706 shares of the company’s stock valued at $31,723,000 after purchasing an additional 168,738 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Caesars Entertainment by 1,029.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 255,925 shares of the company’s stock worth $11,998,000 after buying an additional 233,271 shares in the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CZR has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft dropped their price target on Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, April 12th. JMP Securities dropped their price target on Caesars Entertainment from $65.00 to $62.00 and set a “market outperform” rating for the company in a research report on Friday, April 19th. Barclays dropped their price target on Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Stifel Nicolaus dropped their price target on Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, January 18th. Finally, JPMorgan Chase & Co. dropped their price target on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, January 9th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Caesars Entertainment currently has a consensus rating of “Moderate Buy” and an average target price of $57.36.

Insider Activity at Caesars Entertainment

In other news, Director Michael E. Pegram bought 15,000 shares of Caesars Entertainment stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average price of $41.45 per share, for a total transaction of $621,750.00. Following the completion of the acquisition, the director now owns 4,612 shares of the company’s stock, valued at $191,167.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is owned by insiders.

Caesars Entertainment Trading Down 1.6 %

Caesars Entertainment stock traded down $0.64 during midday trading on Wednesday, reaching $38.48. The stock had a trading volume of 3,322,199 shares, compared to its average volume of 3,160,644. Caesars Entertainment, Inc. has a twelve month low of $37.71 and a twelve month high of $60.27. The stock has a market capitalization of $8.32 billion, a PE ratio of 10.60 and a beta of 2.81. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.74 and a current ratio of 0.76. The stock’s 50-day simple moving average is $41.56 and its 200 day simple moving average is $43.51.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the previous year, the business posted ($0.11) EPS. Caesars Entertainment’s revenue was up .1% compared to the same quarter last year. Analysts expect that Caesars Entertainment, Inc. will post 1.07 EPS for the current year.

About Caesars Entertainment

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.