Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Xponance Inc.

Xponance Inc. trimmed its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 4.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 18,228 shares of the company’s stock after selling 781 shares during the period. Xponance Inc.’s holdings in Caesars Entertainment were worth $609,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Bogart Wealth LLC increased its stake in Caesars Entertainment by 1,777.8% in the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after buying an additional 800 shares during the period. Quarry LP purchased a new stake in shares of Caesars Entertainment in the third quarter valued at about $68,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Caesars Entertainment in the fourth quarter valued at about $73,000. Avior Wealth Management LLC increased its stake in shares of Caesars Entertainment by 12,577.8% during the fourth quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock worth $76,000 after acquiring an additional 2,264 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in Caesars Entertainment by 219.6% during the fourth quarter. Jones Financial Companies Lllp now owns 3,410 shares of the company’s stock worth $114,000 after purchasing an additional 2,343 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 2.1 %

Shares of NASDAQ CZR opened at $27.54 on Wednesday. The firm’s 50-day moving average is $33.20 and its two-hundred day moving average is $36.80. The company has a market capitalization of $5.84 billion, a PE ratio of -16.49 and a beta of 2.97. Caesars Entertainment, Inc. has a 12-month low of $26.42 and a 12-month high of $45.93. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results 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. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Equities analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Raymond James lowered their price objective 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. Truist Financial reduced their price target on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Stifel Nicolaus dropped their price objective on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Jefferies Financial Group reduced their target price on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Finally, Macquarie decreased their target price on shares of Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Three 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. According to data from MarketBeat.com, Caesars Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

Caesars Entertainment 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.