Yousif Capital Management LLC Boosts Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Yousif Capital Management LLC boosted its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 5.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,661 shares of the company’s stock after buying an additional 1,032 shares during the period. Yousif Capital Management LLC’s holdings in Caesars Entertainment were worth $492,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CZR. Vanguard Group Inc. grew its position in Caesars Entertainment by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 23,364,859 shares of the company’s stock worth $780,854,000 after purchasing an additional 100,263 shares during the period. Capital Research Global Investors grew its stake 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 acquiring an additional 2,555,876 shares during the period. Cohen & Steers Inc. lifted its holdings in Caesars Entertainment by 14.8% in the 4th quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company’s stock worth $487,265,000 after purchasing an additional 1,882,728 shares in the last quarter. Invesco Ltd. lifted its holdings in Caesars Entertainment by 28.0% in the 4th quarter. Invesco Ltd. now owns 5,553,375 shares of the company’s stock worth $185,594,000 after purchasing an additional 1,213,426 shares in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its holdings in Caesars Entertainment by 41.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,658,694 shares of the company’s stock worth $122,274,000 after purchasing an additional 1,065,506 shares in the last quarter. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Caesars Entertainment Stock Up 1.4%

CZR opened at $28.15 on Friday. Caesars Entertainment, Inc. has a 12 month low of $21.40 and a 12 month high of $45.93. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.84 and a quick ratio of 0.82. The stock has a market cap of $5.85 billion, a P/E ratio of -25.83, a P/E/G ratio of 1.37 and a beta of 2.31. The stock’s 50 day moving average price is $27.40 and its 200 day moving average price is $30.62.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data 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). The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. Caesars Entertainment had a negative return on equity of 2.60% and a negative net margin of 2.08%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.73) earnings per share. As a group, research analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CZR. Stifel Nicolaus decreased their price objective on Caesars Entertainment from $51.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Susquehanna upped their price objective on Caesars Entertainment from $23.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, April 30th. Truist Financial dropped their price target on Caesars Entertainment from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Raymond James Financial dropped their price objective 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. Finally, Wells Fargo & Company lowered 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. Three equities 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 presently has an average rating of “Moderate Buy” and an average price target of $43.77.

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.