Exchange Traded Concepts LLC Buys 2,328 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Exchange Traded Concepts LLC lifted its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 4.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 53,170 shares of the company’s stock after acquiring an additional 2,328 shares during the period. Exchange Traded Concepts LLC’s holdings in Caesars Entertainment were worth $1,777,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP raised its stake in shares of Caesars Entertainment by 4.5% in the third quarter. Wellington Management Group LLP now owns 113,405 shares of the company’s stock valued at $4,734,000 after acquiring an additional 4,840 shares during the last quarter. Key Colony Management LLC bought a new position in shares of Caesars Entertainment in the fourth quarter valued at approximately $6,350,000. National Bank of Canada FI increased its holdings in shares of Caesars Entertainment by 87.2% in the third quarter. National Bank of Canada FI now owns 109,526 shares of the company’s stock valued at $4,572,000 after purchasing an additional 51,034 shares in the last quarter. LMR Partners LLP acquired a new stake in shares of Caesars Entertainment in the third quarter valued at approximately $903,000. Finally, Entropy Technologies LP acquired a new stake in shares of Caesars Entertainment in the third quarter valued at approximately $1,300,000. Institutional investors own 91.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CZR. Macquarie reissued an “outperform” rating and issued a $50.00 price target on shares of Caesars Entertainment in a report on Wednesday, October 30th. JPMorgan Chase & Co. lowered their price target on shares of Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. JMP Securities lowered their price target on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a report on Thursday, January 16th. Barclays lowered their price target on shares of Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Finally, StockNews.com raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Caesars Entertainment presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.36.

Caesars Entertainment Trading Up 1.3 %

Shares of NASDAQ CZR opened at $34.59 on Monday. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of -20.71 and a beta of 2.90. Caesars Entertainment, Inc. has a twelve month low of $30.78 and a twelve month high of $45.93. The company’s fifty day moving average is $35.17 and its 200-day moving average is $37.88. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.25). The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The company’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 earnings per share. Equities research analysts predict that Caesars Entertainment, Inc. will post -0.58 EPS for the current 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.