Vanguard Group Inc. Has $780.85 Million Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Vanguard Group Inc. increased its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,364,859 shares of the company’s stock after acquiring an additional 100,263 shares during the quarter. Vanguard Group Inc. owned about 11.00% of Caesars Entertainment worth $780,854,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Villere ST Denis J & Co. LLC lifted its position in Caesars Entertainment by 6.2% during the 4th quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company’s stock valued at $26,877,000 after purchasing an additional 47,294 shares during the period. Guyasuta Investment Advisors Inc. acquired a new position in Caesars Entertainment in the fourth quarter valued at approximately $385,000. Charles Schwab Investment Management Inc. boosted its stake in Caesars Entertainment by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company’s stock valued at $62,728,000 after acquiring an additional 11,671 shares during the last quarter. Wellington Management Group LLP grew its holdings in Caesars Entertainment by 4.5% during the 3rd quarter. Wellington Management Group LLP now owns 113,405 shares of the company’s stock worth $4,734,000 after acquiring an additional 4,840 shares during the period. Finally, Key Colony Management LLC bought a new stake in shares of Caesars Entertainment during the 4th quarter valued at $6,350,000. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

Shares of CZR opened at $25.67 on Friday. 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 twelve month low of $25.43 and a twelve month high of $45.93. The stock has a market capitalization of $5.44 billion, a P/E ratio of -15.37 and a beta of 2.97. The company has a 50 day moving average of $32.79 and a 200-day moving average of $36.60.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $2.81 billion. As a group, equities research analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Analyst Ratings Changes

CZR has been the subject of a number of recent analyst reports. Raymond James dropped their price objective on Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating for the company in a report on Wednesday, March 19th. JPMorgan Chase & Co. cut their price target on shares of 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 lowered their target price on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. TD Cowen reduced their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus lowered their price objective on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Three investment 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.