NEOS Investment Management LLC Has $367,000 Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

NEOS Investment Management LLC lifted its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 29.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,970 shares of the company’s stock after buying an additional 2,485 shares during the quarter. NEOS Investment Management LLC’s holdings in Caesars Entertainment were worth $367,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Caesars Entertainment by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 23,364,859 shares of the company’s stock valued at $780,854,000 after buying an additional 100,263 shares during the period. Janus Henderson Group PLC increased its stake in shares of Caesars Entertainment by 18.7% in the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock valued at $526,309,000 after acquiring an additional 1,983,151 shares during the last quarter. Appaloosa LP raised its position in shares of Caesars Entertainment by 2.3% in the 4th quarter. Appaloosa LP now owns 2,200,000 shares of the company’s stock valued at $73,524,000 after acquiring an additional 50,000 shares during the period. Assenagon Asset Management S.A. boosted its stake in Caesars Entertainment by 383.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock worth $71,536,000 after acquiring an additional 1,697,443 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Caesars Entertainment by 0.6% during 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 during the period. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Stock Performance

Shares of CZR opened at $25.00 on Tuesday. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of -14.97 and a beta of 2.97. Caesars Entertainment, Inc. has a 12 month low of $24.01 and a 12 month high of $45.93. The firm has a fifty day simple moving average of $32.61 and a 200 day simple moving average of $36.52. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.20. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. Research analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CZR shares. JMP Securities reduced their price target on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research report on Thursday, January 16th. Truist Financial decreased their target price on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Wells Fargo & Company dropped their price target on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Macquarie cut their price objective on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their target price on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $50.00.

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.