Rovida Advisors Inc. Has $13.37 Million Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Rovida Advisors Inc. raised its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 57.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 400,000 shares of the company’s stock after acquiring an additional 145,900 shares during the period. Caesars Entertainment comprises about 10.4% of Rovida Advisors Inc.’s investment portfolio, making the stock its 4th largest position. Rovida Advisors Inc.’s holdings in Caesars Entertainment were worth $13,368,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its position in shares of Caesars Entertainment by 18.7% during the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock valued at $526,309,000 after purchasing an additional 1,983,151 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Caesars Entertainment by 383.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock valued at $71,536,000 after buying an additional 1,697,443 shares during the period. Bamco Inc. NY bought a new position in shares of Caesars Entertainment during the 3rd quarter worth approximately $61,890,000. ING Groep NV acquired a new stake in shares of Caesars Entertainment during the 4th quarter worth approximately $35,797,000. Finally, Contrarius Group Holdings Ltd bought a new stake in shares of Caesars Entertainment in the 4th quarter valued at $32,402,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

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

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, beating the consensus estimate of ($0.15) by $0.20. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. On average, equities analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on CZR. Stifel Nicolaus reduced their price target on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Barclays cut their price target on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Macquarie decreased their price objective on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, Wells Fargo & Company reduced their price target on shares of Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Three 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $50.00.

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.