Evergreen Capital Management LLC Acquires New Holdings in Caesars Entertainment, Inc. $CZR

Evergreen Capital Management LLC acquired a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 22,022 shares of the company’s stock, valued at approximately $515,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ING Groep NV boosted its stake in Caesars Entertainment by 80.2% in the 3rd quarter. ING Groep NV now owns 599,854 shares of the company’s stock worth $16,211,000 after purchasing an additional 266,917 shares during the period. Assenagon Asset Management S.A. boosted its position in Caesars Entertainment by 317.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,274,430 shares of the company’s stock worth $76,589,000 after acquiring an additional 2,490,924 shares during the last quarter. Principal Financial Group Inc. boosted its position in Caesars Entertainment by 56.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,700,389 shares of the company’s stock worth $45,953,000 after acquiring an additional 612,837 shares during the last quarter. Capital World Investors boosted its position in Caesars Entertainment by 29.8% during the 3rd quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock worth $437,622,000 after acquiring an additional 3,716,148 shares during the last quarter. Finally, LDR Capital Management LLC acquired a new position in Caesars Entertainment during the 3rd quarter worth approximately $1,172,000. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Stock Performance

Shares of Caesars Entertainment stock opened at $28.12 on Monday. The business has a fifty day simple moving average of $25.72 and a two-hundred day simple moving average of $23.49. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.80 and a quick ratio of 0.78. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of -11.57 and a beta of 1.87. Caesars Entertainment, Inc. has a 1 year low of $17.86 and a 1 year high of $31.58.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, February 17th. The company reported ($1.23) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period in the prior year, the business posted $0.05 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Research analysts forecast that Caesars Entertainment, Inc. will post -0.12 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. 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. Wall Street Zen raised Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Wells Fargo & Company increased their price objective on Caesars Entertainment from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Jefferies Financial Group increased their price objective on Caesars Entertainment from $24.00 to $26.00 and gave the company a “hold” rating in a report on Monday, April 6th. Finally, Citigroup increased their price objective on Caesars Entertainment from $23.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Nine investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $32.93.

About Caesars Entertainment

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.