Signaturefd LLC Has $66,000 Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

Signaturefd LLC reduced its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 28.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,986 shares of the company’s stock after selling 802 shares during the period. Signaturefd LLC’s holdings in Caesars Entertainment were worth $66,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its position in shares of Caesars Entertainment by 18.7% in the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock valued at $526,309,000 after acquiring an additional 1,983,151 shares during the last quarter. Appaloosa LP increased its position in shares of Caesars Entertainment by 2.3% during the 4th quarter. Appaloosa LP now owns 2,200,000 shares of the company’s stock worth $73,524,000 after purchasing an additional 50,000 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Caesars Entertainment by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company’s stock valued at $62,728,000 after buying an additional 11,671 shares during the last quarter. Finally, Bamco Inc. NY acquired a new position in Caesars Entertainment during the third quarter worth $61,890,000. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Price Performance

CZR stock opened at $28.13 on Tuesday. 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 52-week low of $26.42 and a 52-week high of $45.93. The company has a market capitalization of $5.96 billion, a P/E ratio of -16.84 and a beta of 2.97. The company has a fifty day moving average price of $33.31 and a 200-day moving average price of $36.86.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.20. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. As a group, equities analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Wall Street Analyst Weigh In

CZR has been the subject of a number of analyst reports. Jefferies Financial Group decreased their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Wells Fargo & Company reduced their price target on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Macquarie dropped their price objective on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Raymond James decreased their target price on Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating on the stock in a report on Wednesday, March 19th. Finally, TD Cowen cut their price target on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.00.

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.