T. Rowe Price Investment Management Inc. Has $52.46 Million Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

T. Rowe Price Investment Management Inc. lifted its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 16.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,569,622 shares of the company’s stock after purchasing an additional 223,861 shares during the quarter. T. Rowe Price Investment Management Inc. owned 0.74% of Caesars Entertainment worth $52,457,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Long Focus Capital Management LLC raised its stake in shares of Caesars Entertainment by 29.4% in the 4th quarter. Long Focus Capital Management LLC now owns 857,200 shares of the company’s stock valued at $28,648,000 after buying an additional 195,000 shares in the last quarter. Dark Forest Capital Management LP raised its position in Caesars Entertainment by 229.6% in the fourth quarter. Dark Forest Capital Management LP now owns 18,752 shares of the company’s stock worth $627,000 after purchasing an additional 13,063 shares in the last quarter. Khrom Capital Management LLC bought a new position in Caesars Entertainment during the fourth quarter worth about $16,191,000. Hsbc Holdings PLC boosted its holdings in Caesars Entertainment by 16.9% during the fourth quarter. Hsbc Holdings PLC now owns 308,386 shares of the company’s stock valued at $10,272,000 after purchasing an additional 44,672 shares in the last quarter. Finally, Soros Capital Management LLC grew its stake in shares of Caesars Entertainment by 20.8% in the 4th quarter. Soros Capital Management LLC now owns 112,220 shares of the company’s stock valued at $3,750,000 after purchasing an additional 19,294 shares during the period. 91.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley decreased their price target on Caesars Entertainment from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Capital One Financial raised shares of Caesars Entertainment from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $51.00 to $47.00 in a report on Thursday, April 3rd. Raymond James cut their price target on shares of Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating for the company in a report on Wednesday, March 19th. Jefferies Financial Group decreased their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. cut their target price on shares of 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 investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $45.86.

Caesars Entertainment Price Performance

Shares of CZR stock opened at $28.44 on Friday. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of -17.03 and a beta of 2.67. Caesars Entertainment, Inc. has a 12 month low of $21.40 and a 12 month high of $45.93. 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 stock has a 50-day moving average price of $28.11 and a 200 day moving average price of $34.29.

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