Swiss National Bank Acquires 2,200 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Swiss National Bank lifted its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 0.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 425,500 shares of the company’s stock after purchasing an additional 2,200 shares during the quarter. Swiss National Bank owned about 0.20% of Caesars Entertainment worth $14,220,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CZR. Janus Henderson Group PLC boosted its holdings in shares of Caesars Entertainment by 18.7% in the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock valued at $526,309,000 after buying an additional 1,983,151 shares during the period. Assenagon Asset Management S.A. boosted its stake in Caesars Entertainment by 383.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock worth $71,536,000 after purchasing an additional 1,697,443 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Caesars Entertainment by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company’s stock worth $62,728,000 after purchasing an additional 11,671 shares in the last quarter. Bamco Inc. NY acquired a new stake in shares of Caesars Entertainment in the 3rd quarter valued at about $61,890,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Caesars Entertainment by 4.2% in the third quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company’s stock valued at $60,712,000 after purchasing an additional 59,170 shares in the last quarter. 91.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CZR has been the topic of a number of recent research reports. Susquehanna raised Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 target price on the stock in a research report on Thursday, March 6th. Barclays decreased their target price on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Jefferies Financial Group cut their price target on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. TD Cowen decreased their price objective on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Finally, Stifel Nicolaus dropped their target price on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Three investment 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.00.

Caesars Entertainment Price Performance

Shares of CZR opened at $29.12 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The stock has a market cap of $6.17 billion, a PE ratio of -17.44 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 business has a 50-day simple moving average of $33.55 and a two-hundred day simple moving average of $37.06.

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 during the quarter, compared to the consensus estimate of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. Analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share 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.