Quantbot Technologies LP Boosts Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Quantbot Technologies LP raised its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 27.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 31,982 shares of the company’s stock after acquiring an additional 6,822 shares during the period. Quantbot Technologies LP’s holdings in Caesars Entertainment were worth $1,069,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Janus Henderson Group PLC grew its holdings in Caesars Entertainment by 18.7% during the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock worth $526,309,000 after acquiring an additional 1,983,151 shares during the period. Appaloosa LP boosted its position in Caesars Entertainment by 2.3% in the 4th quarter. Appaloosa LP now owns 2,200,000 shares of the company’s stock worth $73,524,000 after purchasing an additional 50,000 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Caesars Entertainment by 383.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock worth $71,536,000 after purchasing an additional 1,697,443 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 valued at $62,728,000 after purchasing an additional 11,671 shares in the last quarter. Finally, Bamco Inc. NY acquired a new position in shares of Caesars Entertainment in the 3rd quarter valued at $61,890,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Macquarie dropped their price target on shares of Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Jefferies Financial Group dropped their target price on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Raymond James cut their price target 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. JPMorgan Chase & Co. dropped their price objective on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Finally, Wells Fargo & Company cut their price objective on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $27.54 on Wednesday. The firm has a 50-day simple moving average of $33.20 and a 200-day simple moving average of $36.80. 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 stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of -16.49 and a beta of 2.97. Caesars Entertainment, Inc. has a 52 week low of $26.42 and a 52 week high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.20. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. On average, equities analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

About Caesars Entertainment

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.