Highland Peak Capital LLC Cuts Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

Highland Peak Capital LLC lessened its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 60.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 270,316 shares of the company’s stock after selling 408,018 shares during the period. Caesars Entertainment accounts for 4.9% of Highland Peak Capital LLC’s investment portfolio, making the stock its 7th biggest position. Highland Peak Capital LLC owned approximately 0.13% of Caesars Entertainment worth $9,034,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Bogart Wealth LLC boosted its stake in shares of Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after purchasing an additional 800 shares in the last quarter. Huntington National Bank boosted its stake in shares of Caesars Entertainment by 3,203.8% during the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after purchasing an additional 833 shares in the last quarter. Quarry LP bought a new stake in shares of Caesars Entertainment during the 3rd quarter valued at about $68,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Caesars Entertainment during the 4th quarter valued at about $73,000. Finally, Avior Wealth Management LLC boosted its stake in shares of Caesars Entertainment by 12,577.8% during the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock valued at $76,000 after purchasing an additional 2,264 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 1.5 %

CZR opened at $28.48 on Monday. 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 firm has a 50 day moving average price of $34.37 and a 200-day moving average price of $37.60. Caesars Entertainment, Inc. has a twelve month low of $26.92 and a twelve month high of $45.93. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of -17.05 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Equities research analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CZR shares. TD Cowen lowered 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. Jefferies Financial Group lowered their price target 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. Macquarie lowered their price target on shares of Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Truist Financial lowered their price target on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Barclays lowered 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. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $50.43.

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.