Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 96.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,664 shares of the company’s stock after selling 2,058,853 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Caesars Entertainment were worth $2,042,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Caesars Entertainment by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 23,364,859 shares of the company’s stock valued at $780,854,000 after acquiring an additional 100,263 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Caesars Entertainment by 14.8% during the 4th quarter. Capital Research Global Investors now owns 19,811,919 shares of the company’s stock valued at $662,088,000 after purchasing an additional 2,555,876 shares in the last quarter. Cohen & Steers Inc. increased its holdings in shares of Caesars Entertainment by 14.8% during the 4th quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company’s stock valued at $487,265,000 after purchasing an additional 1,882,728 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Caesars Entertainment by 28.0% in the 4th quarter. Invesco Ltd. now owns 5,553,375 shares of the company’s stock valued at $185,594,000 after purchasing an additional 1,213,426 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its holdings in Caesars Entertainment by 41.1% during the fourth quarter. Frontier Capital Management Co. LLC now owns 3,658,694 shares of the company’s stock worth $122,274,000 after buying an additional 1,065,506 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Stock Up 2.7%

Shares of NASDAQ CZR opened at $26.25 on Tuesday. The stock has a market cap of $5.46 billion, a PE ratio of -15.72 and a beta of 2.31. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. Caesars Entertainment, Inc. has a 12-month low of $21.40 and a 12-month high of $45.93. The company has a 50-day moving average of $27.32 and a 200 day moving average of $30.82.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, April 29th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.35). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the firm earned ($0.73) earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, sell-side analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CZR shares. Susquehanna lifted their price objective on shares of Caesars Entertainment from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, April 30th. Wells Fargo & Company reduced their price target on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Macquarie lowered their price target on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. JMP Securities restated a “market outperform” rating and issued a $45.00 price objective on shares of Caesars Entertainment in a research report on Wednesday, April 30th. Finally, Raymond James decreased their target price on Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Caesars Entertainment currently has an average rating of “Moderate Buy” and an average 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.