AXQ Capital LP Purchases Shares of 17,598 Caesars Entertainment, Inc. (NASDAQ:CZR)

AXQ Capital LP acquired a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 17,598 shares of the company’s stock, valued at approximately $588,000.

Several other institutional investors also recently modified their holdings of CZR. Atria Investments Inc increased its position in Caesars Entertainment by 27.4% during the third quarter. Atria Investments Inc now owns 7,919 shares of the company’s stock worth $331,000 after buying an additional 1,703 shares during the last quarter. Quest Partners LLC boosted its stake in shares of Caesars Entertainment by 528,000.0% during the 3rd quarter. Quest Partners LLC now owns 5,281 shares of the company’s stock worth $220,000 after acquiring an additional 5,280 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Caesars Entertainment by 56.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 32,424 shares of the company’s stock worth $1,353,000 after acquiring an additional 11,665 shares during the last quarter. Cerity Partners LLC raised its stake in Caesars Entertainment by 65.8% in the 3rd quarter. Cerity Partners LLC now owns 18,237 shares of the company’s stock valued at $761,000 after acquiring an additional 7,235 shares during the period. Finally, Algert Global LLC acquired a new stake in Caesars Entertainment during the 3rd quarter valued at $2,590,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Trading Down 3.2 %

Shares of Caesars Entertainment stock opened at $27.36 on Friday. The firm’s 50-day moving average price is $33.39 and its two-hundred day moving average price is $36.93. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of -16.38 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. Caesars Entertainment, Inc. has a 12-month low of $26.42 and a 12-month high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.81 billion. On average, analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CZR has been the topic of several research reports. Susquehanna upgraded shares of Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 price objective on the stock in a report on Thursday, March 6th. 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 reduced their price objective on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Raymond James lowered their target price on Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating on the stock in a research note on Wednesday. Finally, JMP Securities reduced their price target on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Caesars Entertainment currently has an average rating of “Moderate Buy” and an average 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.