Steward Partners Investment Advisory LLC Invests $73,000 in Caesars Entertainment, Inc. (NASDAQ:CZR)

Steward Partners Investment Advisory LLC purchased a new position in Caesars Entertainment, Inc. (NASDAQ:CZR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,192 shares of the company’s stock, valued at approximately $73,000.

A number of other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in shares of Caesars Entertainment by 219.6% in the fourth quarter. Jones Financial Companies Lllp now owns 3,410 shares of the company’s stock worth $114,000 after acquiring an additional 2,343 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Caesars Entertainment in the fourth quarter worth approximately $478,000. Los Angeles Capital Management LLC boosted its stake in shares of Caesars Entertainment by 6.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 18,873 shares of the company’s stock worth $631,000 after acquiring an additional 1,114 shares during the last quarter. Pekin Hardy Strauss Inc. boosted its stake in shares of Caesars Entertainment by 52.8% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 172,080 shares of the company’s stock worth $5,751,000 after acquiring an additional 59,496 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC purchased a new position in Caesars Entertainment during the fourth quarter worth approximately $755,000. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Price Performance

NASDAQ:CZR opened at $28.08 on Tuesday. Caesars Entertainment, Inc. has a 52 week low of $26.42 and a 52 week high of $45.93. 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 stock’s fifty day moving average is $33.71 and its two-hundred day moving average is $37.18. The company has a market capitalization of $5.95 billion, a P/E ratio of -16.81 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data 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 return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Equities analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CZR shares. Susquehanna upgraded Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 price objective on the stock in a research report on Thursday, March 6th. Barclays reduced their price objective on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. JMP Securities reduced their price objective on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price objective on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Finally, TD Cowen reduced their price objective on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.43.

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.