Truffle Hound Capital LLC Makes New $2.34 Million Investment in Caesars Entertainment, Inc. (NASDAQ:CZR)

Truffle Hound Capital LLC acquired a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 70,000 shares of the company’s stock, valued at approximately $2,339,000.

Several other large investors have also recently bought and sold shares of CZR. Janus Henderson Group PLC lifted its holdings in Caesars Entertainment by 18.7% during the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock worth $526,309,000 after buying an additional 1,983,151 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Caesars Entertainment by 383.1% in the 4th 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 period. Bamco Inc. NY acquired a new position in shares of Caesars Entertainment in the 3rd quarter valued at $61,890,000. ING Groep NV acquired a new position in shares of Caesars Entertainment in the 4th quarter valued at $35,797,000. Finally, Contrarius Group Holdings Ltd acquired a new position in shares of Caesars Entertainment in the 4th quarter valued at $32,402,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CZR. Macquarie cut their price target on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Susquehanna raised Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 price objective on the stock in a research note on Thursday, March 6th. Wells Fargo & Company dropped their price objective on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. JMP Securities dropped their price objective on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research note on Thursday, January 16th. Finally, TD Cowen dropped their price objective on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.00.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $27.36 on Friday. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of -16.38 and a beta of 2.97. The business has a 50-day moving average of $33.39 and a 200-day moving average of $36.92. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. Caesars Entertainment, Inc. has a fifty-two week low of $26.42 and a fifty-two week high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.20. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. As a group, sell-side analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal 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.