Channing Capital Management LLC Sells 2,996 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Channing Capital Management LLC trimmed its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 237,198 shares of the company’s stock after selling 2,996 shares during the period. Channing Capital Management LLC’s holdings in Caesars Entertainment were worth $7,927,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Bogart Wealth LLC grew its holdings in Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after acquiring an additional 800 shares during the period. Huntington National Bank grew its stake in shares of Caesars Entertainment by 3,203.8% during the third quarter. Huntington National Bank now owns 859 shares of the company’s stock worth $36,000 after purchasing an additional 833 shares during the period. Quarry LP acquired a new stake in shares of Caesars Entertainment during the third quarter worth $68,000. Steward Partners Investment Advisory LLC bought a new stake in Caesars Entertainment in the fourth quarter valued at about $73,000. Finally, Avior Wealth Management LLC lifted its stake in 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 buying an additional 2,264 shares during the period. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Trading Down 4.3 %

Shares of NASDAQ:CZR opened at $27.26 on Tuesday. The company’s 50-day moving average price is $34.37 and its two-hundred day moving average price is $37.60. Caesars Entertainment, Inc. has a one year low of $26.84 and a one year high of $45.93. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The stock has a market capitalization of $5.78 billion, a PE ratio of -16.32 and a beta of 2.97.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CZR. Truist Financial decreased their target price on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. JMP Securities lowered their price objective on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a research report on Thursday, January 16th. Barclays decreased their target price on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Macquarie dropped their price target on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Finally, Jefferies Financial Group decreased their price objective on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.43.

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.