LPL Financial LLC Lowers Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

LPL Financial LLC lessened its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 33.7% in the 4th quarter, Holdings Channel reports. The firm owned 49,457 shares of the company’s stock after selling 25,187 shares during the period. LPL Financial LLC’s holdings in Caesars Entertainment were worth $1,653,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Bogart Wealth LLC lifted its holdings in Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after buying an additional 800 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Caesars Entertainment in the fourth quarter valued at $73,000. Avior Wealth Management LLC boosted its holdings in Caesars Entertainment by 12,577.8% in the fourth quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock valued at $76,000 after purchasing an additional 2,264 shares during the period. Jones Financial Companies Lllp grew its stake in Caesars Entertainment by 219.6% during the 4th 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. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Caesars Entertainment by 23.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 5,063 shares of the company’s stock valued at $168,000 after buying an additional 969 shares during the period. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Stock Down 1.3 %

Shares of NASDAQ:CZR opened at $24.75 on Thursday. The company has a 50 day moving average of $29.70 and a 200-day moving average of $35.09. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of -14.82 and a beta of 2.67. 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, Inc. has a one year low of $21.40 and a one year high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CZR has been the subject of several recent analyst reports. Capital One Financial upgraded Caesars Entertainment from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $51.00 to $47.00 in a research note on Thursday, April 3rd. Barclays dropped 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. JMP Securities reduced their target price on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus lowered their target price on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Finally, TD Cowen cut their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.71.

About Caesars Entertainment

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.