Securian Asset Management Inc. Sells 538 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Securian Asset Management Inc. lowered its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,331 shares of the company’s stock after selling 538 shares during the quarter. Securian Asset Management Inc.’s holdings in Caesars Entertainment were worth $379,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Bogart Wealth LLC boosted its position in Caesars Entertainment by 1,777.8% during the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after acquiring an additional 800 shares during the last quarter. Huntington National Bank boosted its position 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. Quarry LP bought a new position in shares of Caesars Entertainment during the 3rd quarter worth about $68,000. Steward Partners Investment Advisory LLC bought a new position in shares of Caesars Entertainment during the 4th quarter worth about $73,000. Finally, Avior Wealth Management LLC boosted its position in shares of Caesars Entertainment by 12,577.8% during the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock worth $76,000 after purchasing an additional 2,264 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

Caesars Entertainment stock opened at $27.56 on Wednesday. Caesars Entertainment, Inc. has a 52 week low of $26.42 and a 52 week high of $45.93. The company’s 50 day moving average price is $33.60 and its two-hundred day moving average price is $37.11. 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 cap of $5.84 billion, a P/E ratio of -16.50 and a beta of 2.97.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. TD Cowen cut their price objective on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Jefferies Financial Group cut their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Truist Financial cut their price target on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, JMP Securities cut their price target on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a research note on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.43.

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.