National Bank of Canada FI Has $13.31 Million Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

National Bank of Canada FI raised its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 263.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 398,399 shares of the company’s stock after acquiring an additional 288,873 shares during the period. National Bank of Canada FI owned approximately 0.19% of Caesars Entertainment worth $13,314,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Caesars Entertainment by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 23,364,859 shares of the company’s stock valued at $780,854,000 after acquiring an additional 100,263 shares in the last quarter. Norges Bank purchased a new position in shares of Caesars Entertainment during the fourth quarter valued at approximately $75,058,000. Appaloosa LP grew its holdings in Caesars Entertainment by 2.3% during the fourth quarter. Appaloosa LP now owns 2,200,000 shares of the company’s stock worth $73,524,000 after buying an additional 50,000 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Caesars Entertainment by 383.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock valued at $71,536,000 after buying an additional 1,697,443 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Caesars Entertainment by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company’s stock valued at $62,728,000 after acquiring an additional 11,671 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CZR. TD Cowen lowered their target price 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. Wells Fargo & Company cut their target price on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Raymond James decreased their price target on Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating for the company in a research report on Wednesday, March 19th. Macquarie dropped their price target 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, Barclays reduced their price objective on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Caesars Entertainment presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.80.

Caesars Entertainment Stock Down 2.5 %

Caesars Entertainment stock opened at $23.18 on Friday. The firm has a 50 day simple moving average of $31.83 and a 200 day simple moving average of $36.15. 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, Inc. has a 1-year low of $21.40 and a 1-year high of $45.93. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of -13.88 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 return on equity of 4.44% and a negative net margin of 3.20%. On average, analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current 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.