Caesars Entertainment, Inc. $CZR Stock Holdings Lowered by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 1.9% in the 4th quarter, Holdings Channel reports. The fund owned 3,601,889 shares of the company’s stock after selling 71,595 shares during the period. Geode Capital Management LLC’s holdings in Caesars Entertainment were worth $84,267,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Penn Capital Management Company LLC grew its position in shares of Caesars Entertainment by 26.4% during the fourth quarter. Penn Capital Management Company LLC now owns 759,842 shares of the company’s stock worth $17,820,000 after acquiring an additional 158,782 shares during the last quarter. Terril Brothers Inc. bought a new position in shares of Caesars Entertainment during the fourth quarter worth about $20,211,000. Hantz Financial Services Inc. grew its position in shares of Caesars Entertainment by 87.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,817 shares of the company’s stock worth $42,000 after acquiring an additional 846 shares during the last quarter. Jefferies Financial Group Inc. lifted its holdings in Caesars Entertainment by 1,656.6% in the fourth quarter. Jefferies Financial Group Inc. now owns 646,084 shares of the company’s stock worth $15,112,000 after purchasing an additional 609,303 shares during the period. Finally, Mizuho Markets Americas LLC lifted its holdings in Caesars Entertainment by 166.7% in the fourth quarter. Mizuho Markets Americas LLC now owns 1,600,000 shares of the company’s stock worth $37,424,000 after purchasing an additional 1,000,000 shares during the period. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

CZR stock opened at $29.20 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 3.25. Caesars Entertainment, Inc. has a one year low of $17.86 and a one year high of $31.58. The firm has a market capitalization of $5.95 billion, a PE ratio of -12.32 and a beta of 1.77. The firm has a 50-day moving average of $27.56 and a two-hundred day moving average of $24.88.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, April 28th. The company reported ($0.48) EPS 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 firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the prior year, the company posted ($0.54) earnings per share. Caesars Entertainment’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts forecast that Caesars Entertainment, Inc. will post -0.49 earnings per share for the current year.

Insider Buying and Selling

In other Caesars Entertainment news, Director Michael E. Pegram sold 55,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $29.20, for a total transaction of $1,606,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CZR shares. Susquehanna raised shares of Caesars Entertainment from a “positive” rating to a “positive” rating in a report on Friday, May 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a report on Friday, May 29th. Citizens Jmp upped their price objective on shares of Caesars Entertainment from $34.00 to $35.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 29th. Barclays reduced their price objective on shares of Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Finally, Morgan Stanley upped their price objective on shares of Caesars Entertainment from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $32.80.

About Caesars Entertainment

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.