ProShare Advisors LLC decreased its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) by 11.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 26,291 shares of the company's stock after selling 3,301 shares during the period. ProShare Advisors LLC's holdings in Caesars Entertainment were worth $847,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. Centaurus Financial Inc. raised its holdings in Caesars Entertainment by 19.3% in the first quarter. Centaurus Financial Inc. now owns 1,412 shares of the company's stock valued at $109,000 after buying an additional 228 shares during the period. Retirement Systems of Alabama raised its stake in shares of Caesars Entertainment by 0.3% during the second quarter. Retirement Systems of Alabama now owns 71,065 shares of the company's stock valued at $2,722,000 after purchasing an additional 236 shares during the period. Panagora Asset Management Inc. raised its stake in shares of Caesars Entertainment by 2.4% during the first quarter. Panagora Asset Management Inc. now owns 9,874 shares of the company's stock valued at $764,000 after purchasing an additional 236 shares during the period. CWM LLC raised its stake in shares of Caesars Entertainment by 12.6% during the second quarter. CWM LLC now owns 2,212 shares of the company's stock valued at $85,000 after purchasing an additional 248 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of Caesars Entertainment by 0.4% in the second quarter. Arizona State Retirement System now owns 59,760 shares of the company's stock worth $2,289,000 after buying an additional 254 shares during the last quarter. Hedge funds and other institutional investors own 93.88% of the company's stock.
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Caesars Entertainment Price Performance
Shares of NASDAQ CZR opened at $53.75 on Friday. Caesars Entertainment, Inc. has a fifty-two week low of $31.31 and a fifty-two week high of $89.80. The firm's 50-day simple moving average is $47.52 and its 200 day simple moving average is $45.03. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 6.53. The stock has a market cap of $11.53 billion, a P/E ratio of -9.70 and a beta of 2.88.
Caesars Entertainment (NASDAQ:CZR – Get Rating) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.09. Caesars Entertainment had a negative net
margin of 11.18% and a negative return on equity of 15.21%. The business had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.84 billion. Equities analysts expect that Caesars Entertainment, Inc. will post -1.72 EPS for the current year.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Caesars Entertainment from $72.00 to $74.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 25th. Bank of America dropped their price target on shares of Caesars Entertainment from $55.00 to $50.00 in a research note on Wednesday, January 4th. Barclays lifted their price objective on shares of Caesars Entertainment from $65.00 to $66.00 and gave the stock an "overweight" rating in a report on Tuesday, January 24th. Truist Financial decreased their price objective on shares of Caesars Entertainment from $72.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, October 25th. Finally, StockNews.com began coverage on shares of Caesars Entertainment in a report on Wednesday, October 12th. They issued a "hold" rating for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $68.71.
About Caesars Entertainment
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Caesars Holdings, Inc is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.
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