Campbell & CO Investment Adviser LLC Takes Position in Caesars Entertainment, Inc. $CZR

Campbell & CO Investment Adviser LLC bought a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 33,613 shares of the company’s stock, valued at approximately $954,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Caesars Entertainment by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 23,548,822 shares of the company’s stock worth $588,721,000 after acquiring an additional 183,963 shares during the period. Invesco Ltd. lifted its position in Caesars Entertainment by 22.9% in the first quarter. Invesco Ltd. now owns 6,823,286 shares of the company’s stock worth $170,582,000 after purchasing an additional 1,269,911 shares during the period. DAVENPORT & Co LLC boosted its stake in Caesars Entertainment by 20.1% during the second quarter. DAVENPORT & Co LLC now owns 4,196,893 shares of the company’s stock worth $120,199,000 after buying an additional 700,978 shares in the last quarter. HG Vora Capital Management LLC increased its holdings in Caesars Entertainment by 73.3% in the 1st quarter. HG Vora Capital Management LLC now owns 3,900,000 shares of the company’s stock valued at $97,500,000 after buying an additional 1,650,000 shares during the period. Finally, Hein Park Capital Management LP acquired a new position in shares of Caesars Entertainment in the 1st quarter valued at $60,492,000. 91.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CZR shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Caesars Entertainment in a research report on Wednesday, October 8th. Barclays cut their price target on shares of Caesars Entertainment from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft lowered their price objective on Caesars Entertainment from $50.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. JPMorgan Chase & Co. cut their target price on Caesars Entertainment from $43.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Finally, Truist Financial lowered their price target on Caesars Entertainment from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Caesars Entertainment currently has a consensus rating of “Moderate Buy” and an average target price of $37.82.

Caesars Entertainment Stock Down 0.1%

Shares of CZR opened at $19.75 on Friday. The company has a market capitalization of $4.03 billion, a P/E ratio of -17.17 and a beta of 2.32. Caesars Entertainment, Inc. has a one year low of $18.25 and a one year high of $40.00. The business’s 50 day simple moving average is $23.45 and its 200-day simple moving average is $26.22. The company has a debt-to-equity ratio of 6.23, a current ratio of 0.78 and a quick ratio of 0.76.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, October 28th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.16). The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.88 billion. Caesars Entertainment had a negative net margin of 2.12% and a negative return on equity of 5.76%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.04) EPS. As a group, sell-side analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

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.