Allspring Global Investments Holdings LLC Has $422,000 Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Allspring Global Investments Holdings LLC lessened its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 21.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,109 shares of the company’s stock after selling 2,760 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Caesars Entertainment were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CZR. Blue Trust Inc. grew its position in shares of Caesars Entertainment by 525.3% during the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after buying an additional 499 shares during the period. UMB Bank n.a. acquired a new stake in shares of Caesars Entertainment during the 3rd quarter worth approximately $51,000. GAMMA Investing LLC grew its position in shares of Caesars Entertainment by 63.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $64,000 after buying an additional 622 shares during the period. Signaturefd LLC grew its position in shares of Caesars Entertainment by 77.0% during the 2nd quarter. Signaturefd LLC now owns 2,540 shares of the company’s stock worth $101,000 after buying an additional 1,105 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Caesars Entertainment during the 1st quarter worth approximately $150,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

Shares of CZR opened at $39.22 on Friday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.68 and a current ratio of 0.84. Caesars Entertainment, Inc. has a twelve month low of $31.74 and a twelve month high of $50.51. The firm’s 50 day moving average price is $41.09 and its two-hundred day moving average price is $38.17. The firm has a market cap of $8.33 billion, a P/E ratio of -23.48 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the firm posted $0.34 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, analysts forecast that Caesars Entertainment, Inc. will post -0.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CZR has been the subject of several analyst reports. Morgan Stanley lifted their price target on shares of Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. JMP Securities reissued a “market outperform” rating and set a $59.00 price objective on shares of Caesars Entertainment in a research note on Monday, October 14th. Jefferies Financial Group reduced their price objective on shares of Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price objective on shares of Caesars Entertainment from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Wells Fargo & Company reduced their price objective on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.00.

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.