Mizuho Markets Americas LLC Grows Stake in Caesars Entertainment, Inc. $CZR

Mizuho Markets Americas LLC boosted its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 166.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,600,000 shares of the company’s stock after purchasing an additional 1,000,000 shares during the quarter. Mizuho Markets Americas LLC owned approximately 0.78% of Caesars Entertainment worth $37,424,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CZR. Capital World Investors raised its stake in shares of Caesars Entertainment by 29.8% during the 3rd quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock worth $437,622,000 after buying an additional 3,716,148 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Caesars Entertainment by 317.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,274,430 shares of the company’s stock valued at $76,589,000 after acquiring an additional 2,490,924 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Caesars Entertainment by 35,370.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,464,518 shares of the company’s stock valued at $57,645,000 after acquiring an additional 2,457,570 shares in the last quarter. Ossiam raised its position in Caesars Entertainment by 7,760.9% during the third quarter. Ossiam now owns 1,883,007 shares of the company’s stock worth $50,888,000 after acquiring an additional 1,859,053 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its position in Caesars Entertainment by 315.1% during the third quarter. Alyeska Investment Group L.P. now owns 1,946,099 shares of the company’s stock worth $52,593,000 after acquiring an additional 1,477,284 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $28.47 on Friday. The company has a 50-day simple moving average of $27.21 and a 200-day simple moving average of $24.21. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.85 and a quick ratio of 0.83. The company has a market cap of $5.80 billion, a PE ratio of -12.01 and a beta of 1.77. Caesars Entertainment, Inc. has a 12 month low of $17.86 and a 12 month high of $31.58.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, April 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.54) EPS. On average, equities analysts anticipate that Caesars Entertainment, Inc. will post -0.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of Caesars Entertainment from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. JPMorgan Chase & Co. cut their price objective on Caesars Entertainment from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Zacks Research raised Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Deutsche Bank Aktiengesellschaft lowered their target price on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Finally, Citigroup raised their price target on Caesars Entertainment from $23.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $33.27.

About Caesars Entertainment

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.