Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Bought by Sei Investments Co.

Sei Investments Co. raised its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 11.4% during the fourth quarter, HoldingsChannel reports. The firm owned 908,736 shares of the company’s stock after purchasing an additional 92,648 shares during the quarter. Sei Investments Co.’s holdings in Caesars Entertainment were worth $30,370,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bogart Wealth LLC lifted its holdings in shares of Caesars Entertainment by 1,777.8% during the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after purchasing an additional 800 shares during the period. Quarry LP acquired a new stake in Caesars Entertainment during the 3rd quarter valued at approximately $68,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Caesars Entertainment in the 4th quarter valued at $73,000. Avior Wealth Management LLC increased its stake in shares of Caesars Entertainment by 12,577.8% in the fourth quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock worth $76,000 after acquiring an additional 2,264 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in shares of Caesars Entertainment by 219.6% during the fourth quarter. Jones Financial Companies Lllp now owns 3,410 shares of the company’s stock worth $114,000 after purchasing an additional 2,343 shares during the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

Shares of NASDAQ:CZR opened at $27.54 on Wednesday. Caesars Entertainment, Inc. has a 1 year low of $26.42 and a 1 year high of $45.93. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The business’s 50 day moving average price is $33.20 and its 200-day moving average price is $36.80. The firm has a market capitalization of $5.84 billion, a PE ratio of -16.49 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.20. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. As a group, equities research analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CZR. JPMorgan Chase & Co. cut their price target on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Jefferies Financial Group cut their target price on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Barclays lowered their price target on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Truist Financial cut their price objective on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Wells Fargo & Company lowered their target price on shares of Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $50.00.

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.