Caesars Entertainment, Inc. $CZR Stock Holdings Lifted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 317.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,274,430 shares of the company’s stock after purchasing an additional 2,490,924 shares during the period. Assenagon Asset Management S.A. owned about 1.60% of Caesars Entertainment worth $76,589,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Hantz Financial Services Inc. grew its stake in shares of Caesars Entertainment by 110.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock valued at $26,000 after buying an additional 510 shares in the last quarter. Mather Group LLC. bought a new position in Caesars Entertainment during the third quarter valued at approximately $28,000. Sunbelt Securities Inc. lifted its stake in Caesars Entertainment by 181.6% in the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after acquiring an additional 672 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in Caesars Entertainment in the third quarter worth approximately $41,000. Finally, Stance Capital LLC bought a new stake in Caesars Entertainment in the third quarter worth approximately $43,000. 91.79% of the stock is owned by hedge funds and other institutional investors.

Caesars Entertainment Price Performance

NASDAQ:CZR opened at $26.31 on Wednesday. The stock has a market cap of $5.35 billion, a P/E ratio of -10.83 and a beta of 1.94. Caesars Entertainment, Inc. has a one year low of $17.86 and a one year high of $31.58. The company has a fifty day moving average price of $23.37 and a 200 day moving average price of $23.34. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.80 and a quick ratio of 0.78.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, February 17th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($1.05). Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the prior year, the business earned $0.05 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CZR shares. Truist Financial cut their price target on shares of Caesars Entertainment from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. TD Cowen reiterated a “buy” rating on shares of Caesars Entertainment in a report on Wednesday, January 21st. Susquehanna raised shares of Caesars Entertainment from a “neutral” rating to a “positive” rating and increased their target price for the stock from $25.00 to $31.00 in a research report on Thursday, January 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Caesars Entertainment in a report on Wednesday, January 21st. Finally, Stifel Nicolaus reduced their price target on Caesars Entertainment from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Eleven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Caesars Entertainment currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.69.

Caesars Entertainment Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.