Virtu Financial LLC Invests $818,000 in Caesars Entertainment, Inc. (NASDAQ:CZR)

Virtu Financial LLC purchased a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 24,474 shares of the company’s stock, valued at approximately $818,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP boosted its stake in Caesars Entertainment by 27.1% in the fourth quarter. Quantbot Technologies LP now owns 31,982 shares of the company’s stock valued at $1,069,000 after acquiring an additional 6,822 shares during the last quarter. Contrarius Group Holdings Ltd purchased a new position in Caesars Entertainment in the fourth quarter valued at approximately $32,402,000. American Assets Investment Management LLC bought a new position in Caesars Entertainment during the fourth quarter valued at $318,000. Axxcess Wealth Management LLC increased its position in Caesars Entertainment by 38.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 14,764 shares of the company’s stock worth $493,000 after buying an additional 4,122 shares during the last quarter. Finally, Cibc World Markets Corp raised its stake in shares of Caesars Entertainment by 42.3% in the fourth quarter. Cibc World Markets Corp now owns 23,915 shares of the company’s stock valued at $799,000 after buying an additional 7,113 shares during the period. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CZR shares. Raymond James decreased their price objective on Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating for the company in a report on Wednesday, March 19th. JMP Securities dropped their price target on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company reduced their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Barclays lowered their target price on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Finally, Susquehanna raised Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 price target for the company in a report on Thursday, March 6th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $28.13 on Tuesday. The stock has a market cap of $5.96 billion, a P/E ratio of -16.84 and a beta of 2.97. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The business’s 50-day moving average price is $33.31 and its two-hundred day moving average price is $36.86. Caesars Entertainment, Inc. has a twelve month low of $26.42 and a twelve month high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.20. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. As a group, equities analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS 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.