Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 436,841 shares of the company’s stock, valued at approximately $14,599,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.21% of Caesars Entertainment at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Villere ST Denis J & Co. LLC lifted its stake in shares of Caesars Entertainment by 6.2% in the 4th quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company’s stock valued at $26,877,000 after purchasing an additional 47,294 shares during the period. Cannell Capital LLC acquired a new position in Caesars Entertainment during the 4th quarter worth approximately $13,498,000. Guyasuta Investment Advisors Inc. acquired a new position in Caesars Entertainment during the 4th quarter worth approximately $385,000. Charles Schwab Investment Management Inc. raised 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 worth $62,728,000 after buying an additional 11,671 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Caesars Entertainment by 40.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,550 shares of the company’s stock worth $779,000 after buying an additional 6,778 shares during the period. 91.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CZR. Susquehanna upped their price target on Caesars Entertainment from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 30th. Raymond James dropped their price target on Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, March 19th. Barclays upped their price target on Caesars Entertainment from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. JMP Securities reissued a “market outperform” rating and issued a $45.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, April 30th. Finally, Macquarie lowered their price objective on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Caesars Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $43.77.

Caesars Entertainment Stock Performance

CZR stock opened at $27.27 on Friday. The firm has a market cap of $5.67 billion, a PE ratio of -16.33 and a beta of 2.51. 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 business has a 50 day moving average of $26.98 and a 200-day moving average of $31.88. Caesars Entertainment, Inc. has a 12-month low of $21.40 and a 12-month high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, April 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.35). The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.73) earnings per share. As a group, sell-side analysts expect 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.