Cibc World Markets Corp Buys 7,113 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Cibc World Markets Corp boosted its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 42.3% in the fourth quarter, HoldingsChannel reports. The firm owned 23,915 shares of the company’s stock after acquiring an additional 7,113 shares during the period. Cibc World Markets Corp’s holdings in Caesars Entertainment were worth $799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CZR. Bogart Wealth LLC increased its holdings in Caesars Entertainment by 1,777.8% in the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after purchasing an additional 800 shares during the last quarter. Quarry LP bought a new stake in Caesars Entertainment in the third quarter valued at about $68,000. Steward Partners Investment Advisory LLC bought a new stake in Caesars Entertainment in the fourth quarter valued at about $73,000. Avior Wealth Management LLC increased its holdings in Caesars Entertainment by 12,577.8% in the fourth quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock valued at $76,000 after purchasing an additional 2,264 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Caesars Entertainment by 219.6% in the fourth quarter. Jones Financial Companies Lllp now owns 3,410 shares of the company’s stock valued at $114,000 after purchasing an additional 2,343 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $27.36 on Friday. The stock has a 50 day moving average price of $33.39 and a 200 day moving average price of $36.93. Caesars Entertainment, Inc. has a 52 week low of $26.42 and a 52 week high of $45.93. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The stock has a market capitalization of $5.80 billion, a PE ratio of -16.38 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS 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 firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on CZR. Macquarie lowered their price target on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company lowered their price target on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price target on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. JMP Securities lowered their price target on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a report on Thursday, January 16th. Finally, Jefferies Financial Group lowered their price target on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

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.