Shay Capital LLC Invests $1.09 Million in Caesars Entertainment, Inc. (NASDAQ:CZR)

Shay Capital LLC acquired a new position in Caesars Entertainment, Inc. (NASDAQ:CZR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,500 shares of the company’s stock, valued at approximately $1,086,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FIL Ltd acquired a new position in shares of Caesars Entertainment during the 4th quarter worth $28,000. Bogart Wealth LLC raised its stake in shares of Caesars Entertainment by 1,777.8% in the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after acquiring an additional 800 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in Caesars Entertainment in the 4th quarter worth approximately $44,000. Canada Pension Plan Investment Board boosted its holdings in shares of Caesars Entertainment by 100.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company’s stock worth $53,000 after buying an additional 800 shares during the period. Finally, Canada Post Corp Registered Pension Plan bought a new position in Caesars Entertainment in the 4th quarter worth $71,000. Institutional investors own 91.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CZR shares. Wells Fargo & Company decreased their price target on shares of Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. JMP Securities reissued a “market outperform” rating and issued a $45.00 price target on shares of Caesars Entertainment in a report on Wednesday, April 30th. Barclays raised their price target on shares of Caesars Entertainment from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. TD Cowen decreased their price objective on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Finally, Truist Financial reduced their target price on Caesars Entertainment from $48.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.77.

Caesars Entertainment Trading Down 1.2%

Shares of CZR stock opened at $30.31 on Friday. The company has a market capitalization of $6.30 billion, a P/E ratio of -18.15 and a beta of 2.51. 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 firm has a 50-day moving average price of $26.87 and a 200 day moving average price of $32.73.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, April 29th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.35). The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.73) earnings per share. Research analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal 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.