Key Colony Management LLC Acquires New Shares in Caesars Entertainment, Inc. (NASDAQ:CZR)

Key Colony Management LLC bought a new position in Caesars Entertainment, Inc. (NASDAQ:CZR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 190,000 shares of the company’s stock, valued at approximately $6,350,000. Caesars Entertainment makes up approximately 9.5% of Key Colony Management LLC’s investment portfolio, making the stock its 4th largest holding. Key Colony Management LLC owned about 0.09% of Caesars Entertainment as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. raised its holdings in shares of Caesars Entertainment by 383.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock valued at $71,536,000 after purchasing an additional 1,697,443 shares during the last quarter. Czech National Bank raised its stake in Caesars Entertainment by 4.6% during the 4th quarter. Czech National Bank now owns 46,079 shares of the company’s stock valued at $1,540,000 after buying an additional 2,009 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Caesars Entertainment by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company’s stock valued at $60,712,000 after buying an additional 59,170 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Caesars Entertainment by 9.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 20,214 shares of the company’s stock valued at $844,000 after buying an additional 1,807 shares during the period. Finally, Coldstream Capital Management Inc. purchased a new position in shares of Caesars Entertainment in the 3rd quarter worth $262,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Up 3.5 %

Shares of CZR opened at $33.19 on Wednesday. Caesars Entertainment, Inc. has a 12-month low of $30.78 and a 12-month high of $47.99. 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 company has a market capitalization of $7.05 billion, a PE ratio of -19.87 and a beta of 2.90. The business’s 50 day moving average is $36.09 and its 200 day moving average is $38.07.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.93 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Caesars Entertainment’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 EPS. Research analysts expect that Caesars Entertainment, Inc. will post -0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on CZR shares. Morgan Stanley upped their price objective on Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. reduced their price target on shares of Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. JMP Securities dropped their price objective on shares of Caesars Entertainment from $59.00 to $57.00 and set a “market outperform” rating on the stock in a report on Monday, November 25th. StockNews.com raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus lifted their price target on shares of Caesars Entertainment from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Caesars Entertainment currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.14.

Caesars Entertainment 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.