Hosking Partners LLP Cuts Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Hosking Partners LLP lowered its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 11.5% in the 4th quarter, HoldingsChannel reports. The firm owned 142,000 shares of the company’s stock after selling 18,373 shares during the quarter. Hosking Partners LLP’s holdings in Caesars Entertainment were worth $4,746,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of CZR. Bogart Wealth LLC lifted its holdings in shares of Caesars Entertainment by 1,777.8% in the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after buying an additional 800 shares in the last quarter. Huntington National Bank lifted its stake in shares of Caesars Entertainment by 3,203.8% in the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after acquiring an additional 833 shares during the last quarter. Quarry LP bought a new position in shares of Caesars Entertainment in the third quarter worth approximately $68,000. Avior Wealth Management LLC increased its position in shares of Caesars Entertainment by 12,577.8% in the fourth quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock valued at $76,000 after acquiring an additional 2,264 shares during the period. Finally, Assetmark Inc. lifted its holdings in Caesars Entertainment by 8.0% in the 3rd quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock worth $144,000 after buying an additional 256 shares during the period. 91.79% of the stock is owned by hedge funds and other institutional investors.

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR opened at $33.25 on Friday. The company has a market cap of $7.06 billion, a PE ratio of -19.91 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 50 day moving average is $34.68 and its 200 day moving average is $37.81. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.20. The firm had revenue of $2.80 billion for 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, sell-side analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial lowered their target price 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. Jefferies Financial Group lowered their price target on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. TD Cowen decreased their target price on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Stifel Nicolaus cut their target price on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Macquarie decreased their price objective on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given 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 $50.64.

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.