Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC boosted its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 34.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,267 shares of the company’s stock after buying an additional 8,772 shares during the period. Larson Financial Group LLC’s holdings in Caesars Entertainment were worth $1,145,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CZR. Janus Henderson Group PLC increased its position in Caesars Entertainment by 18.7% during the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock worth $526,309,000 after buying an additional 1,983,151 shares during the period. Assenagon Asset Management S.A. increased its position in Caesars Entertainment by 383.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock worth $71,536,000 after buying an additional 1,697,443 shares during the period. Bamco Inc. NY acquired a new position in Caesars Entertainment during the third quarter worth approximately $61,890,000. ING Groep NV acquired a new position in Caesars Entertainment during the fourth quarter worth approximately $35,797,000. Finally, Progeny 3 Inc. acquired a new position in Caesars Entertainment during the third quarter worth approximately $37,649,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 1.5 %

Caesars Entertainment stock opened at $28.48 on Friday. 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 1-year low of $26.92 and a 1-year high of $45.93. The company has a market cap of $6.04 billion, a PE ratio of -17.05 and a beta of 2.97. The stock’s 50 day moving average price is $34.37 and its 200 day moving average price is $37.59.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.20. The company 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 predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Analysts Set New Price Targets

CZR has been the topic of a number of recent research reports. Jefferies Financial Group dropped their target price on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company dropped their target price on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Truist Financial dropped their target price on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their target price on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Finally, TD Cowen dropped their target price on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.43.

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.