Thompson Siegel & Walmsley LLC Has $7.47 Million Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Thompson Siegel & Walmsley LLC raised its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 17.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 223,491 shares of the company’s stock after acquiring an additional 33,617 shares during the period. Thompson Siegel & Walmsley LLC owned about 0.11% of Caesars Entertainment worth $7,469,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its holdings in shares of Caesars Entertainment by 18.7% in the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock worth $526,309,000 after buying an additional 1,983,151 shares in the last quarter. Appaloosa LP raised its holdings in shares of Caesars Entertainment by 2.3% in the 4th quarter. Appaloosa LP now owns 2,200,000 shares of the company’s stock worth $73,524,000 after buying an additional 50,000 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Caesars Entertainment by 383.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock worth $71,536,000 after buying an additional 1,697,443 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Caesars Entertainment by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company’s stock worth $62,728,000 after buying an additional 11,671 shares in the last quarter. Finally, Bamco Inc. NY acquired a new position in shares of Caesars Entertainment in the 3rd quarter worth approximately $61,890,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 2.5 %

Shares of CZR opened at $26.63 on Friday. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of -15.95 and a beta of 2.97. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The business’s fifty day moving average price is $34.03 and its two-hundred day moving average price is $37.39. Caesars Entertainment, Inc. has a 52 week low of $26.42 and a 52 week high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.20. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. On average, analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. JMP Securities dropped their target price on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. dropped their target price on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Stifel Nicolaus dropped their price target on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. TD Cowen dropped their price target on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Finally, Jefferies Financial Group dropped their price target on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.43.

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.