Mackenzie Financial Corp Sells 1,293 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Mackenzie Financial Corp lowered its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 16.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,562 shares of the company’s stock after selling 1,293 shares during the period. Mackenzie Financial Corp’s holdings in Caesars Entertainment were worth $308,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. grew its holdings in Caesars Entertainment by 26.4% during the 3rd quarter. Federated Hermes Inc. now owns 44,384 shares of the company’s stock worth $2,057,000 after acquiring an additional 9,270 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Caesars Entertainment by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,052,738 shares of the company’s stock valued at $95,144,000 after purchasing an additional 77,595 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Caesars Entertainment during the third quarter valued at approximately $2,259,000. Strs Ohio increased its holdings in shares of Caesars Entertainment by 33.2% in the fourth quarter. Strs Ohio now owns 676,706 shares of the company’s stock valued at $31,723,000 after purchasing an additional 168,738 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Caesars Entertainment by 1,029.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 255,925 shares of the company’s stock worth $11,998,000 after purchasing an additional 233,271 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

Insider Buying and Selling

In other Caesars Entertainment news, Director Michael E. Pegram purchased 15,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was bought at an average cost of $41.45 per share, for a total transaction of $621,750.00. Following the completion of the acquisition, the director now directly owns 4,612 shares of the company’s stock, valued at $191,167.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by company insiders.

Caesars Entertainment Stock Down 3.8 %

Caesars Entertainment stock opened at $36.61 on Friday. The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of 10.09 and a beta of 2.81. The company’s 50 day simple moving average is $41.26 and its 200 day simple moving average is $43.38. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.74. Caesars Entertainment, Inc. has a fifty-two week low of $36.34 and a fifty-two week high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the prior year, the business earned ($0.11) earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Caesars Entertainment, Inc. will post 1.02 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on CZR. Susquehanna lowered their target price on Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft lowered their price objective on Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, April 12th. Barclays cut their target price on shares of Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. JMP Securities lowered their price target on shares of Caesars Entertainment from $65.00 to $62.00 and set a “market outperform” rating for the company in a research report on Friday, April 19th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, January 9th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.36.

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.