Northwestern Mutual Wealth Management Co. Has $57.65 Million Holdings in Caesars Entertainment, Inc. $CZR

Northwestern Mutual Wealth Management Co. grew its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 35,370.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,464,518 shares of the company’s stock after buying an additional 2,457,570 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Caesars Entertainment were worth $57,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in CZR. Capital World Investors lifted its holdings in shares of Caesars Entertainment by 29.8% during the 3rd quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock valued at $437,622,000 after buying an additional 3,716,148 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Caesars Entertainment by 317.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,274,430 shares of the company’s stock valued at $76,589,000 after buying an additional 2,490,924 shares during the last quarter. Ossiam lifted its holdings in shares of Caesars Entertainment by 7,760.9% during the 3rd quarter. Ossiam now owns 1,883,007 shares of the company’s stock valued at $50,888,000 after buying an additional 1,859,053 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Caesars Entertainment by 315.1% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,946,099 shares of the company’s stock valued at $52,593,000 after buying an additional 1,477,284 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Caesars Entertainment during the 3rd quarter valued at about $29,070,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Price Performance

Shares of CZR stock opened at $27.80 on Monday. The stock’s 50 day simple moving average is $27.10 and its 200 day simple moving average is $23.96. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.83 and a current ratio of 0.85. Caesars Entertainment, Inc. has a twelve month low of $17.86 and a twelve month high of $31.58. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of -11.73 and a beta of 1.77.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, April 28th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the business posted ($0.54) earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, research analysts predict that Caesars Entertainment, Inc. will post -0.36 EPS for the current year.

Analysts Set New Price Targets

CZR has been the subject of several research reports. Citizens Jmp lifted their price target on Caesars Entertainment from $34.00 to $35.00 and gave the company a “market outperform” rating in a report on Wednesday, April 29th. Stifel Nicolaus reduced their price target on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Wells Fargo & Company lifted their price target on Caesars Entertainment from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reduced their price target on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Finally, Susquehanna lifted their price target on Caesars Entertainment from $32.00 to $34.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Caesars Entertainment has a consensus rating of “Hold” and a consensus target price of $33.27.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.