Vanguard Group Inc. Decreases Stake in Caesars Entertainment, Inc. $CZR

Vanguard Group Inc. cut its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,389,641 shares of the company’s stock after selling 320,327 shares during the period. Vanguard Group Inc. owned about 0.10% of Caesars Entertainment worth $476,914,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CZR. CoreCap Advisors LLC boosted its holdings in Caesars Entertainment by 44.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock valued at $37,000 after purchasing an additional 488 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in Caesars Entertainment by 110.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 510 shares during the last quarter. Corient Private Wealth LLC increased its holdings in Caesars Entertainment by 3.5% during the 2nd quarter. Corient Private Wealth LLC now owns 16,155 shares of the company’s stock worth $459,000 after purchasing an additional 549 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Caesars Entertainment by 1.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,008 shares of the company’s stock valued at $959,000 after purchasing an additional 562 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of Caesars Entertainment by 181.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after buying an additional 672 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Caesars Entertainment in a research report on Wednesday, January 21st. Wells Fargo & Company increased their price objective on shares of Caesars Entertainment from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Barclays decreased their price objective on shares of Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Truist Financial upped their target price on shares of Caesars Entertainment from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, Citizens Jmp lifted their price target on Caesars Entertainment from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 29th. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $33.27.

Caesars Entertainment Stock Performance

Shares of CZR opened at $28.10 on Wednesday. The business’s fifty day moving average price is $26.46 and its 200 day moving average price is $23.68. Caesars Entertainment, Inc. has a 12-month low of $17.86 and a 12-month high of $31.58. The stock has a market capitalization of $5.72 billion, a PE ratio of -11.86 and a beta of 1.77. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.85 and a quick ratio of 0.83.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, April 28th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.85 billion. Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.54) EPS. Equities research analysts forecast that Caesars Entertainment, Inc. will post -0.24 EPS for the current year.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.