Inceptionr LLC Sells 5,580 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Inceptionr LLC lowered its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 35.9% during the fourth quarter, Holdings Channel reports. The fund owned 9,969 shares of the company’s stock after selling 5,580 shares during the period. Inceptionr LLC’s holdings in Caesars Entertainment were worth $333,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CZR. Bogart Wealth LLC lifted its position in Caesars Entertainment by 1,777.8% during the 4th 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 period. Huntington National Bank lifted its position in Caesars Entertainment by 3,203.8% during the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after purchasing an additional 833 shares during the period. Quarry LP acquired a new position in Caesars Entertainment during the 3rd quarter valued at about $68,000. Steward Partners Investment Advisory LLC acquired a new position in Caesars Entertainment during the 4th quarter valued at about $73,000. Finally, Avior Wealth Management LLC raised its position in shares of Caesars Entertainment by 12,577.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock valued at $76,000 after acquiring an additional 2,264 shares during the period. Institutional investors own 91.79% of the company’s stock.

Wall Street Analysts Forecast Growth

CZR has been the topic of a number of analyst reports. Barclays cut their price target on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Susquehanna upgraded shares of Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 price target on the stock in a research report on Thursday. TD Cowen cut their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Macquarie cut their price target on shares of Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Finally, Jefferies Financial Group cut their price target on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.43.

Caesars Entertainment Stock Performance

Shares of CZR stock opened at $28.48 on Monday. The company has a market capitalization of $6.04 billion, a P/E ratio of -17.05 and a beta of 2.97. Caesars Entertainment, Inc. has a 52 week low of $26.92 and a 52 week high of $45.93. The company’s 50 day moving average price is $34.37 and its two-hundred day moving average price is $37.60. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.20. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. On average, analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

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.