Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by HG Vora Capital Management LLC

HG Vora Capital Management LLC lowered its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 84.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 500,000 shares of the company’s stock after selling 2,800,000 shares during the period. Caesars Entertainment accounts for about 1.5% of HG Vora Capital Management LLC’s investment portfolio, making the stock its 9th largest holding. HG Vora Capital Management LLC owned about 0.24% of Caesars Entertainment worth $20,870,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CZR. Comerica Bank grew its position in Caesars Entertainment by 345.0% in the first quarter. Comerica Bank now owns 107,355 shares of the company’s stock worth $4,696,000 after acquiring an additional 83,231 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of Caesars Entertainment by 26.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 27,420 shares of the company’s stock worth $1,173,000 after acquiring an additional 5,715 shares in the last quarter. GAMMA Investing LLC lifted its position in Caesars Entertainment by 63.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $64,000 after acquiring an additional 622 shares during the last quarter. DNB Asset Management AS boosted its holdings in Caesars Entertainment by 12.5% during the second quarter. DNB Asset Management AS now owns 33,877 shares of the company’s stock worth $1,346,000 after buying an additional 3,753 shares during the last quarter. Finally, Mather Group LLC. raised its holdings in Caesars Entertainment by 1,556.4% in the 2nd quarter. Mather Group LLC. now owns 18,784 shares of the company’s stock valued at $822,000 after acquiring an additional 17,650 shares during the period. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Caesars Entertainment Stock Up 1.4 %

Shares of NASDAQ:CZR opened at $39.01 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The stock’s 50-day moving average price is $41.38 and its two-hundred day moving average price is $38.45. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of -23.36 and a beta of 2.89. Caesars Entertainment, Inc. has a 12-month low of $31.74 and a 12-month high of $50.51.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.25). The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. Caesars Entertainment’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.34 EPS. On average, research analysts forecast that Caesars Entertainment, Inc. will post -0.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CZR. Morgan Stanley increased their price target on Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Wells Fargo & Company cut their price target on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. JMP Securities reduced their price objective on shares of Caesars Entertainment from $59.00 to $57.00 and set a “market outperform” rating on the stock in a report on Monday, November 25th. Finally, Barclays decreased their price objective on shares of Caesars Entertainment from $59.00 to $57.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Caesars Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of $53.86.

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.