Corient Private Wealth LLC Sells 5,693 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Corient Private Wealth LLC lessened its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 22.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,665 shares of the company’s stock after selling 5,693 shares during the quarter. Corient Private Wealth LLC’s holdings in Caesars Entertainment were worth $657,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CZR. Cerity Partners LLC raised its stake in shares of Caesars Entertainment by 65.8% in the third quarter. Cerity Partners LLC now owns 18,237 shares of the company’s stock valued at $761,000 after buying an additional 7,235 shares during the period. The Manufacturers Life Insurance Company raised its stake in Caesars Entertainment by 0.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 168,516 shares of the company’s stock valued at $7,034,000 after acquiring an additional 582 shares during the period. Quantbot Technologies LP purchased a new stake in Caesars Entertainment during the third quarter valued at about $1,050,000. Townsquare Capital LLC boosted its position in Caesars Entertainment by 11.3% during the third quarter. Townsquare Capital LLC now owns 8,001 shares of the company’s stock worth $334,000 after purchasing an additional 814 shares during the period. Finally, Glenmede Trust Co. NA purchased a new position in shares of Caesars Entertainment in the third quarter worth about $258,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on CZR shares. TD Cowen dropped their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. JMP Securities cut their price target on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company decreased their price objective on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Jefferies Financial Group cut their target price on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Finally, Barclays decreased their price target 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. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Caesars Entertainment presently has an average rating of “Moderate Buy” and an average target price of $50.00.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock opened at $25.67 on Friday. The firm has a market capitalization of $5.44 billion, a PE ratio of -15.37 and a beta of 2.97. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. Caesars Entertainment, Inc. has a 12 month low of $25.43 and a 12 month high of $45.93. The business’s 50-day moving average price is $32.79 and its 200-day moving average price is $36.59.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.20. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. Sell-side analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal 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.