Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. boosted its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 43.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,400 shares of the company’s stock after acquiring an additional 5,900 shares during the quarter. Intact Investment Management Inc.’s holdings in Caesars Entertainment were worth $648,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CZR. Janus Henderson Group PLC boosted its stake in Caesars Entertainment by 18.7% during the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock valued at $526,309,000 after purchasing an additional 1,983,151 shares in the last quarter. Appaloosa LP boosted its stake in Caesars Entertainment by 2.3% during the 4th quarter. Appaloosa LP now owns 2,200,000 shares of the company’s stock valued at $73,524,000 after purchasing an additional 50,000 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Caesars Entertainment by 383.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock worth $71,536,000 after acquiring an additional 1,697,443 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Caesars Entertainment by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company’s stock worth $62,728,000 after acquiring an additional 11,671 shares in the last quarter. Finally, Bamco Inc. NY bought a new stake in shares of Caesars Entertainment during the 3rd quarter worth $61,890,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CZR. JMP Securities reduced their price objective on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a research note on Thursday, January 16th. Jefferies Financial Group reduced their price objective on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. JPMorgan Chase & Co. lowered their price target on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Macquarie lowered their price target on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Finally, TD Cowen lowered their price target on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.43.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $28.07 on Friday. The company has a market capitalization of $5.95 billion, a P/E ratio of -16.81 and a beta of 2.97. The business’s 50-day moving average price is $33.82 and its two-hundred day moving average price is $37.25. Caesars Entertainment, Inc. has a one year low of $26.42 and a one year high of $45.93. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) 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 the consensus estimate of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share 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.