Caesars Entertainment, Inc. (NASDAQ:CZR) Position Decreased by Helikon Investments Ltd

Helikon Investments Ltd trimmed its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 10.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,414,547 shares of the company’s stock after selling 173,000 shares during the period. Caesars Entertainment accounts for approximately 4.9% of Helikon Investments Ltd’s holdings, making the stock its 7th largest position. Helikon Investments Ltd owned about 0.67% of Caesars Entertainment worth $47,274,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CZR. Wellington Management Group LLP boosted its holdings in Caesars Entertainment by 4.5% in the 3rd quarter. Wellington Management Group LLP now owns 113,405 shares of the company’s stock worth $4,734,000 after buying an additional 4,840 shares during the period. Key Colony Management LLC purchased a new position in Caesars Entertainment in the 4th quarter worth approximately $6,350,000. National Bank of Canada FI boosted its stake in Caesars Entertainment by 87.2% in the 3rd quarter. National Bank of Canada FI now owns 109,526 shares of the company’s stock worth $4,572,000 after purchasing an additional 51,034 shares during the period. LMR Partners LLP bought a new stake in shares of Caesars Entertainment during the third quarter valued at approximately $903,000. Finally, Entropy Technologies LP bought a new position in shares of Caesars Entertainment during the third quarter worth $1,300,000. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Stock Performance

Shares of CZR stock opened at $34.59 on Monday. The business has a fifty day moving average of $35.17 and a 200 day moving average of $37.88. Caesars Entertainment, Inc. has a 1 year low of $30.78 and a 1 year high of $45.93. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.25). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period last year, the business earned $0.34 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts anticipate that Caesars Entertainment, Inc. will post -0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on CZR shares. Macquarie reiterated an “outperform” rating and issued a $50.00 price target on shares of Caesars Entertainment in a research note on Wednesday, October 30th. Wells Fargo & Company cut their price target on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Jefferies Financial Group decreased their price objective on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. JMP Securities cut their target price on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a report on Thursday, January 16th. Finally, Barclays lowered their price objective on shares of Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $51.36.

Caesars Entertainment 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.