Nuveen Asset Management LLC Decreases Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Nuveen Asset Management LLC trimmed its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 428,234 shares of the company’s stock after selling 17,342 shares during the period. Nuveen Asset Management LLC owned 0.20% of Caesars Entertainment worth $14,312,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Bogart Wealth LLC raised its position in shares of Caesars Entertainment by 1,777.8% in the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after buying an additional 800 shares during the last quarter. FIL Ltd acquired a new stake in shares of Caesars Entertainment in the fourth quarter valued at about $28,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Caesars Entertainment in the fourth quarter valued at about $44,000. Canada Pension Plan Investment Board raised its position in shares of Caesars Entertainment by 100.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company’s stock valued at $53,000 after buying an additional 800 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in Caesars Entertainment during the fourth quarter worth about $71,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Trading Down 0.6%

NASDAQ CZR opened at $27.69 on Monday. The firm has a 50 day simple moving average of $27.02 and a 200-day simple moving average of $32.12. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment, Inc. has a one year low of $21.40 and a one year high of $45.93. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of -16.58 and a beta of 2.51.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.35). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the business posted ($0.73) EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Analysts Set New Price Targets

CZR has been the subject of several recent analyst reports. Raymond James cut their price objective on shares of Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating for the company in a research report on Wednesday, March 19th. Capital One Financial upgraded shares of Caesars Entertainment from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $51.00 to $47.00 in a research report on Thursday, April 3rd. Morgan Stanley cut their price objective on shares of Caesars Entertainment from $30.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. TD Cowen cut their price objective on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Finally, Susquehanna raised their price objective on shares of Caesars Entertainment from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.77.

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.