Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Purchased by Venator Management LLC

Venator Management LLC grew its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 20.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 404,365 shares of the company’s stock after acquiring an additional 68,185 shares during the period. Caesars Entertainment comprises about 3.9% of Venator Management LLC’s portfolio, making the stock its 11th largest holding. Venator Management LLC owned 0.19% of Caesars Entertainment worth $13,514,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of CZR. Villere ST Denis J & Co. LLC increased its position in shares of Caesars Entertainment by 6.2% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company’s stock worth $26,877,000 after acquiring an additional 47,294 shares in the last quarter. Guyasuta Investment Advisors Inc. purchased a new position in Caesars Entertainment during the 4th quarter worth approximately $385,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Caesars Entertainment by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company’s stock valued at $62,728,000 after purchasing an additional 11,671 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Caesars Entertainment by 4.5% in the third quarter. Wellington Management Group LLP now owns 113,405 shares of the company’s stock worth $4,734,000 after buying an additional 4,840 shares during the period. Finally, Key Colony Management LLC acquired a new stake in shares of Caesars Entertainment in the fourth quarter worth $6,350,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Wall Street Analysts Forecast Growth

CZR has been the subject of a number of research reports. Susquehanna upgraded Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 price objective for the company in a research report on Thursday, March 6th. TD Cowen decreased 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. JMP Securities dropped their price objective on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company cut their target price 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, Barclays lowered their price target on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.00.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $25.67 on Monday. The business’s 50-day simple moving average is $32.79 and its 200-day simple moving average is $36.60. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment, Inc. has a 52 week low of $25.40 and a 52 week high of $45.93. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of -15.37 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.20. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. As a group, equities research analysts expect 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.