Driehaus Capital Management LLC Has $3.33 Million Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Driehaus Capital Management LLC increased its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 58.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,666 shares of the company’s stock after acquiring an additional 30,815 shares during the period. Driehaus Capital Management LLC’s holdings in Caesars Entertainment were worth $3,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CZR. TD Asset Management Inc lifted its stake in Caesars Entertainment by 84.8% in the fourth quarter. TD Asset Management Inc now owns 489,577 shares of the company’s stock valued at $22,951,000 after acquiring an additional 224,629 shares during the last quarter. TFO Wealth Partners LLC boosted its holdings in Caesars Entertainment by 22,920.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock worth $54,000 after purchasing an additional 1,146 shares in the last quarter. Rafferty Asset Management LLC increased its position in Caesars Entertainment by 2.9% during the fourth quarter. Rafferty Asset Management LLC now owns 33,878 shares of the company’s stock worth $1,588,000 after buying an additional 945 shares during the last quarter. Blueshift Asset Management LLC bought a new position in Caesars Entertainment during the fourth quarter valued at about $334,000. Finally, Capital World Investors lifted its position in shares of Caesars Entertainment by 9.1% in the fourth quarter. Capital World Investors now owns 11,024,448 shares of the company’s stock worth $516,826,000 after buying an additional 916,282 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Caesars Entertainment from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. StockNews.com lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Jefferies Financial Group decreased their price objective on shares of Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Wells Fargo & Company lifted their target price on shares of Caesars Entertainment from $53.00 to $56.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Susquehanna restated a “negative” rating and set a $33.00 price target on shares of Caesars Entertainment in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.14.

Caesars Entertainment Trading Up 1.4 %

CZR stock opened at $41.67 on Monday. Caesars Entertainment, Inc. has a 1-year low of $31.74 and a 1-year high of $50.51. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 5.56. The business’s 50 day moving average is $37.30 and its 200-day moving average is $37.82. The firm has a market cap of $9.02 billion, a P/E ratio of 11.80 and a beta of 2.96.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, July 30th. The company reported ($0.56) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.68). Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the firm posted $0.82 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. Equities analysts anticipate that Caesars Entertainment, Inc. will post -0.02 earnings per share for the current fiscal year.

Caesars Entertainment Company 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.