Deutsche Bank AG Has $40.32 Million Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

Deutsche Bank AG lifted its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 60.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,206,435 shares of the company’s stock after acquiring an additional 454,988 shares during the quarter. Deutsche Bank AG owned approximately 0.57% of Caesars Entertainment worth $40,319,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bogart Wealth LLC increased its position in Caesars Entertainment by 1,777.8% in the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after acquiring an additional 800 shares during the period. FIL Ltd acquired a new position in shares of Caesars Entertainment in the fourth quarter worth approximately $28,000. Resona Asset Management Co. Ltd. acquired a new position in shares of Caesars Entertainment in the fourth quarter worth approximately $44,000. Canada Pension Plan Investment Board lifted its stake in shares of Caesars Entertainment by 100.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company’s stock worth $53,000 after acquiring an additional 800 shares during the period. Finally, Canada Post Corp Registered Pension Plan acquired a new position in shares of Caesars Entertainment in the fourth quarter worth approximately $71,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Trading Up 1.5%

CZR opened at $30.52 on Wednesday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. Caesars Entertainment, Inc. has a fifty-two week low of $21.40 and a fifty-two week high of $45.93. The firm has a market capitalization of $6.35 billion, a PE ratio of -18.28 and a beta of 2.51. The company’s 50-day moving average is $26.76 and its 200 day moving average is $32.85.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, April 29th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.35). The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.73) EPS. As a group, research analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CZR shares. JMP Securities reaffirmed a “market outperform” rating and issued a $45.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, April 30th. Barclays increased their price target on Caesars Entertainment from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Capital One Financial upgraded Caesars Entertainment from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $51.00 to $47.00 in a report on Thursday, April 3rd. Susquehanna boosted their target price on shares of Caesars Entertainment from $23.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, April 30th. Finally, Raymond James dropped their target price on shares of Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.77.

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.