Russell Investments Group Ltd. Acquires 38,505 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Russell Investments Group Ltd. raised its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 803,138 shares of the company’s stock after purchasing an additional 38,505 shares during the quarter. Russell Investments Group Ltd. owned 0.38% of Caesars Entertainment worth $26,840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Captrust Financial Advisors boosted its holdings in shares of Caesars Entertainment by 3.7% in the 3rd quarter. Captrust Financial Advisors now owns 20,038 shares of the company’s stock worth $836,000 after purchasing an additional 720 shares during the period. Quantinno Capital Management LP boosted its stake in Caesars Entertainment by 610.4% during the third quarter. Quantinno Capital Management LP now owns 49,404 shares of the company’s stock worth $2,062,000 after buying an additional 42,450 shares during the period. Wellington Management Group LLP increased its position in Caesars Entertainment by 4.5% during the third quarter. Wellington Management Group LLP now owns 113,405 shares of the company’s stock valued at $4,734,000 after acquiring an additional 4,840 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Caesars Entertainment by 87.2% in the third quarter. National Bank of Canada FI now owns 109,526 shares of the company’s stock valued at $4,572,000 after acquiring an additional 51,034 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of Caesars Entertainment by 163.7% in the 3rd quarter. M&T Bank Corp now owns 26,013 shares of the company’s stock worth $1,086,000 after acquiring an additional 16,150 shares during the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Macquarie reduced their price objective 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. Wells Fargo & Company decreased their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Stifel Nicolaus lowered their price target on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Susquehanna upgraded Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 target price for the company in a report on Thursday, March 6th. Finally, Truist Financial dropped their price target on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Caesars Entertainment currently has an average rating of “Moderate Buy” and an average target price of $49.80.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $23.51 on Wednesday. Caesars Entertainment, Inc. has a fifty-two week low of $21.40 and a fifty-two 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 company has a market cap of $4.98 billion, a PE ratio of -14.08 and a beta of 2.67. The business has a 50-day simple moving average of $31.12 and a two-hundred day simple moving average of $35.75.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates 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%. As a group, equities analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

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.