Nordea Investment Management AB Has $11.78 Million Stock Holdings in Caesars Entertainment, Inc. $CZR

Nordea Investment Management AB trimmed its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 0.6% during the second quarter, HoldingsChannel reports. The firm owned 414,200 shares of the company’s stock after selling 2,332 shares during the quarter. Nordea Investment Management AB’s holdings in Caesars Entertainment were worth $11,776,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CZR. GAMMA Investing LLC boosted its position in shares of Caesars Entertainment by 106.8% during the first quarter. GAMMA Investing LLC now owns 3,987 shares of the company’s stock worth $100,000 after purchasing an additional 2,059 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Caesars Entertainment by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 24,891 shares of the company’s stock worth $622,000 after purchasing an additional 665 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Caesars Entertainment by 80.0% during the first quarter. Retirement Systems of Alabama now owns 849,336 shares of the company’s stock worth $21,233,000 after purchasing an additional 377,536 shares in the last quarter. Aspire Private Capital LLC boosted its position in shares of Caesars Entertainment by 60.2% during the first quarter. Aspire Private Capital LLC now owns 12,311 shares of the company’s stock worth $308,000 after purchasing an additional 4,628 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Caesars Entertainment by 62.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 25,176 shares of the company’s stock worth $629,000 after purchasing an additional 9,689 shares in the last quarter. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Trading Down 1.3%

Shares of NASDAQ:CZR opened at $21.45 on Monday. The company’s 50-day moving average price is $25.39 and its two-hundred day moving average price is $26.87. The company has a debt-to-equity ratio of 6.08, a current ratio of 0.82 and a quick ratio of 0.81. Caesars Entertainment, Inc. has a one year low of $21.40 and a one year high of $45.88. The stock has a market capitalization of $4.46 billion, a PE ratio of -23.31 and a beta of 2.38.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, July 29th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.46). Caesars Entertainment had a negative return on equity of 4.55% and a negative net margin of 1.71%.The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period last year, the firm earned ($0.56) earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Analysts Set New Price Targets

CZR has been the topic of a number of recent analyst reports. Truist Financial reduced their price target on shares of Caesars Entertainment from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. Cfra reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Caesars Entertainment in a research report on Friday, July 11th. JPMorgan Chase & Co. boosted their price objective on shares of Caesars Entertainment from $47.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, July 22nd. Barclays cut their price objective on shares of Caesars Entertainment from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Finally, Susquehanna cut their price objective on shares of Caesars Entertainment from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.13.

Caesars Entertainment 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.