Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 18.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,609,243 shares of the company’s stock after purchasing an additional 1,983,151 shares during the period. Janus Henderson Group PLC owned approximately 5.93% of Caesars Entertainment worth $526,309,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CZR. Blue Trust Inc. grew its position in shares of Caesars Entertainment by 525.3% during the second quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after acquiring an additional 499 shares during the last quarter. Huntington National Bank grew its holdings in shares of Caesars Entertainment by 3,203.8% during the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock worth $36,000 after purchasing an additional 833 shares in the last quarter. UMB Bank n.a. acquired a new position in Caesars Entertainment in the third quarter worth $51,000. GAMMA Investing LLC increased its holdings in Caesars Entertainment by 63.1% in the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $64,000 after purchasing an additional 622 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Caesars Entertainment by 77.0% in the second quarter. Signaturefd LLC now owns 2,540 shares of the company’s stock worth $101,000 after acquiring an additional 1,105 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $39.01 on Tuesday. The business has a 50 day moving average price of $41.38 and a 200-day moving average price of $38.45. Caesars Entertainment, Inc. has a fifty-two week low of $31.74 and a fifty-two week high of $50.51. The firm has a market cap of $8.29 billion, a PE ratio of -23.36 and a beta of 2.89. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the firm posted $0.34 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts predict that Caesars Entertainment, Inc. will post -0.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CZR shares. Wells Fargo & Company lowered their price objective on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. StockNews.com upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their price target on Caesars Entertainment from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Macquarie reiterated an “outperform” rating and set a $50.00 target price on shares of Caesars Entertainment in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus raised their price target on Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Caesars Entertainment has a consensus rating of “Moderate Buy” and an average target price of $53.86.

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.