Sterling Capital Management LLC Grows Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Sterling Capital Management LLC boosted its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 53.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 12,547 shares of the company’s stock after purchasing an additional 4,347 shares during the period. Sterling Capital Management LLC’s holdings in Caesars Entertainment were worth $419,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CZR. FIL Ltd purchased a new stake in Caesars Entertainment in the 4th quarter valued at approximately $28,000. Bogart Wealth LLC raised its position in Caesars Entertainment by 1,777.8% in the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after acquiring an additional 800 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in shares of Caesars Entertainment during the 4th quarter worth $44,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Caesars Entertainment in the 4th quarter valued at about $73,000. Finally, Avior Wealth Management LLC lifted its stake in shares of 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 period. 91.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on CZR. JMP Securities reduced their price target on shares of Caesars Entertainment from $53.00 to $45.00 and set a “market outperform” rating for the company in a research report on Thursday. Susquehanna decreased their target price on Caesars Entertainment from $30.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. TD Cowen dropped their price target on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Barclays decreased their price objective 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. Finally, Stifel Nicolaus cut their target price on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Caesars Entertainment presently has an average rating of “Moderate Buy” and an average price target of $47.14.

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $25.52 on Friday. The company has a market cap of $5.41 billion, a P/E ratio of -15.28 and a beta of 2.67. The firm’s 50 day moving average is $29.30 and its two-hundred day moving average is $34.87. 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 quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84.

Caesars Entertainment (NASDAQ:CZR) last issued its 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. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. Analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current 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.