Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Xponance Inc.

Xponance Inc. cut its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,228 shares of the company’s stock after selling 781 shares during the period. Xponance Inc.’s holdings in Caesars Entertainment were worth $609,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CZR. Quest Partners LLC lifted its stake in Caesars Entertainment by 528,000.0% during the 3rd quarter. Quest Partners LLC now owns 5,281 shares of the company’s stock worth $220,000 after acquiring an additional 5,280 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Caesars Entertainment by 56.2% during the third quarter. PNC Financial Services Group Inc. now owns 32,424 shares of the company’s stock worth $1,353,000 after purchasing an additional 11,665 shares during the period. Cerity Partners LLC lifted its position in shares of Caesars Entertainment by 65.8% during the third quarter. Cerity Partners LLC now owns 18,237 shares of the company’s stock worth $761,000 after purchasing an additional 7,235 shares in the last quarter. Algert Global LLC purchased a new position in shares of Caesars Entertainment in the third quarter valued at approximately $2,590,000. Finally, Pitcairn Co. grew its holdings in shares of Caesars Entertainment by 6.8% in the third quarter. Pitcairn Co. now owns 15,543 shares of the company’s stock valued at $649,000 after purchasing an additional 985 shares in the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CZR has been the topic of a number of research reports. TD Cowen reduced their target price on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Jefferies Financial Group reduced their price objective on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Raymond James lowered their target price on Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating for the company in a research note on Wednesday, March 19th. Stifel Nicolaus reduced their price target on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Finally, Susquehanna upgraded Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 price objective for the company in a research note on Thursday, March 6th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $50.00.

Caesars Entertainment Trading Down 2.1 %

Shares of Caesars Entertainment stock opened at $27.54 on Wednesday. The company has a fifty day simple moving average of $33.20 and a 200-day simple moving average of $36.80. Caesars Entertainment, Inc. has a 12-month low of $26.42 and a 12-month high of $45.93. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of -16.49 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 the consensus estimate of ($0.15) by $0.20. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. On average, equities analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Caesars Entertainment Company 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.