Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. reduced its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 34.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the company’s stock after selling 5,200 shares during the quarter. Teton Advisors Inc.’s holdings in Caesars Entertainment were worth $334,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. FIL Ltd purchased a new stake in shares of Caesars Entertainment during the 4th quarter worth $28,000. Bogart Wealth LLC boosted its holdings in Caesars Entertainment by 1,777.8% during the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after buying an additional 800 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in Caesars Entertainment during the fourth quarter worth about $44,000. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Caesars Entertainment during the 4th quarter valued at approximately $71,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Caesars Entertainment during the 4th quarter worth approximately $73,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Caesars Entertainment Stock Down 0.2 %

Shares of NASDAQ CZR opened at $25.28 on Tuesday. Caesars Entertainment, Inc. has a 52-week low of $21.40 and a 52-week high of $45.93. The stock has a market capitalization of $5.36 billion, a PE ratio of -15.14 and a beta of 2.67. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The firm has a fifty day moving average of $30.14 and a 200-day moving average of $35.23.

Caesars Entertainment (NASDAQ:CZR) last released 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. 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 for the quarter, compared to analyst estimates of $2.81 billion. On average, analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Analyst Upgrades and Downgrades

CZR has been the topic of several research reports. JMP Securities lowered their target price on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a report on Thursday, January 16th. Raymond James dropped 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 report on Wednesday, March 19th. Barclays cut their target price on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Truist Financial dropped their price objective on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, Stifel Nicolaus reduced their target price on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Three research 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $48.64.

About Caesars Entertainment

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.