UniSuper Management Pty Ltd Acquires 9,077 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

UniSuper Management Pty Ltd lifted its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 26.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,724 shares of the company’s stock after acquiring an additional 9,077 shares during the period. UniSuper Management Pty Ltd’s holdings in Caesars Entertainment were worth $1,461,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Caesars Entertainment by 1.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,504 shares of the company’s stock valued at $1,287,000 after acquiring an additional 408 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Caesars Entertainment by 0.8% during the fourth quarter. Arizona State Retirement System now owns 62,785 shares of the company’s stock valued at $2,098,000 after purchasing an additional 470 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Caesars Entertainment by 0.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 168,516 shares of the company’s stock worth $7,034,000 after purchasing an additional 582 shares in the last quarter. Lebenthal Global Advisors LLC increased its stake in Caesars Entertainment by 5.7% in the 4th quarter. Lebenthal Global Advisors LLC now owns 10,890 shares of the company’s stock valued at $364,000 after buying an additional 587 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of Caesars Entertainment by 3.7% during the 3rd quarter. Captrust Financial Advisors now owns 20,038 shares of the company’s stock worth $836,000 after buying an additional 720 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

Caesars Entertainment stock opened at $25.67 on Monday. 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 one year low of $25.43 and a one year high of $45.93. The firm has a market capitalization of $5.44 billion, a P/E ratio of -15.37 and a beta of 2.97. The business has a fifty day moving average price of $32.79 and a 200-day moving average price of $36.60.

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

Wall Street Analyst Weigh In

CZR has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price target on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Macquarie lowered their target price 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. 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. Jefferies Financial Group lowered their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Finally, Raymond James reduced their target price on shares of Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating for the company in a research report on Wednesday, March 19th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.00.

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.