Allspring Global Investments Holdings LLC Decreases Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Allspring Global Investments Holdings LLC lessened its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 4.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,618 shares of the company’s stock after selling 455 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Caesars Entertainment were worth $498,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in CZR. Assetmark Inc. increased its stake in shares of Caesars Entertainment by 10.6% in the third quarter. Assetmark Inc. now owns 2,713 shares of the company’s stock worth $126,000 after purchasing an additional 261 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Caesars Entertainment by 0.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 34,824 shares of the company’s stock worth $1,625,000 after purchasing an additional 285 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake in shares of Caesars Entertainment by 4.0% in the third quarter. First Trust Direct Indexing L.P. now owns 7,631 shares of the company’s stock worth $354,000 after purchasing an additional 295 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in shares of Caesars Entertainment by 13.4% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 3,192 shares of the company’s stock worth $148,000 after purchasing an additional 376 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of Caesars Entertainment by 2.5% in the third quarter. Teacher Retirement System of Texas now owns 16,673 shares of the company’s stock worth $773,000 after purchasing an additional 404 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Analyst Ratings Changes

CZR has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, January 9th. Wells Fargo & Company cut their price objective on shares of Caesars Entertainment from $72.00 to $68.00 and set an “overweight” rating for the company in a research report on Wednesday, February 21st. Morgan Stanley raised their price objective on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Stifel Nicolaus cut their price objective on shares of Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, January 18th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, April 12th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $57.36.

Caesars Entertainment Trading Down 1.1 %

Shares of Caesars Entertainment stock opened at $38.04 on Friday. Caesars Entertainment, Inc. has a 1 year low of $37.34 and a 1 year high of $60.27. The firm has a market cap of $8.23 billion, a PE ratio of 10.35 and a beta of 2.81. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.74. The company has a 50 day simple moving average of $41.48 and a two-hundred day simple moving average of $43.47.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Analysts expect that Caesars Entertainment, Inc. will post 1.07 earnings per share for the current fiscal year.

Insider Transactions at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram acquired 15,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $41.45 per share, for a total transaction of $621,750.00. Following the acquisition, the director now owns 4,612 shares in the company, valued at approximately $191,167.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.64% of the company’s stock.

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.