Deutsche Bank AG Has $32.88 Million Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Deutsche Bank AG raised its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 9.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,315,354 shares of the company’s stock after acquiring an additional 108,919 shares during the period. Deutsche Bank AG’s holdings in Caesars Entertainment were worth $32,884,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Caesars Entertainment by 0.8% in the first quarter. Vanguard Group Inc. now owns 23,548,822 shares of the company’s stock valued at $588,721,000 after purchasing an additional 183,963 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Caesars Entertainment by 14.8% in the 4th quarter. Capital Research Global Investors now owns 19,811,919 shares of the company’s stock valued at $662,088,000 after buying an additional 2,555,876 shares in the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of Caesars Entertainment by 41.1% during the 4th quarter. Frontier Capital Management Co. LLC now owns 3,658,694 shares of the company’s stock worth $122,274,000 after acquiring an additional 1,065,506 shares during the period. DAVENPORT & Co LLC boosted its position in shares of Caesars Entertainment by 1,051.1% during the 1st quarter. DAVENPORT & Co LLC now owns 3,495,915 shares of the company’s stock valued at $87,399,000 after acquiring an additional 3,192,224 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Caesars Entertainment by 3.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,935,141 shares of the company’s stock worth $48,379,000 after purchasing an additional 58,170 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

CZR opened at $24.64 on Wednesday. The company has a debt-to-equity ratio of 6.08, a current ratio of 0.82 and a quick ratio of 0.81. The company’s 50 day simple moving average is $28.01 and its 200-day simple moving average is $29.09. Caesars Entertainment, Inc. has a one year low of $21.40 and a one year high of $45.93. The stock has a market capitalization of $5.12 billion, a P/E ratio of -26.78 and a beta of 2.40.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, July 29th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.46). The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.85 billion. Caesars Entertainment had a negative net margin of 1.71% and a negative return on equity of 4.55%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.56) earnings per share. Sell-side analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CZR shares. Barclays decreased their price objective on Caesars Entertainment from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Cfra reiterated a “hold” rating and issued a $50.00 price target on shares of Caesars Entertainment in a research report on Friday, July 11th. Stifel Nicolaus increased their price objective on Caesars Entertainment from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Susquehanna reduced their target price on shares of Caesars Entertainment from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, August 1st. Finally, The Goldman Sachs Group began coverage on shares of Caesars Entertainment in a research report on Monday, July 7th. They set a “buy” rating and a $36.00 target price for the company. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.47.

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.