Truffle Hound Capital LLC Buys New Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Truffle Hound Capital LLC bought a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) in the 4th quarter, Holdings Channel.com reports. The firm bought 70,000 shares of the company’s stock, valued at approximately $2,339,000.

Several other hedge funds have also bought and sold shares of CZR. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Caesars Entertainment by 1.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,504 shares of the company’s stock worth $1,287,000 after acquiring an additional 408 shares during the last quarter. Arizona State Retirement System lifted its position in Caesars Entertainment by 0.8% during the fourth quarter. Arizona State Retirement System now owns 62,785 shares of the company’s stock worth $2,098,000 after acquiring an additional 470 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Caesars Entertainment by 0.3% during the third quarter. The Manufacturers Life Insurance Company now owns 168,516 shares of the company’s stock worth $7,034,000 after acquiring an additional 582 shares during the last quarter. Lebenthal Global Advisors LLC lifted its position in Caesars Entertainment by 5.7% during the fourth quarter. Lebenthal Global Advisors LLC now owns 10,890 shares of the company’s stock worth $364,000 after acquiring an additional 587 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in Caesars Entertainment by 3.7% during the third quarter. Captrust Financial Advisors now owns 20,038 shares of the company’s stock worth $836,000 after acquiring an additional 720 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Jefferies Financial Group cut their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Barclays dropped their price target 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. TD Cowen dropped their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company dropped their price target on shares of Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Finally, JMP Securities dropped their price target on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a research report on Thursday, January 16th. 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $50.00.

Caesars Entertainment Stock Performance

Shares of NASDAQ:CZR opened at $27.36 on Friday. The company’s 50 day simple moving average is $33.39 and its 200 day simple moving average is $36.92. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of -16.38 and a beta of 2.97. 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 $26.42 and a 1 year high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share (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%. As a group, research analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Caesars Entertainment 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.