Jones Financial Companies Lllp Raises Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Jones Financial Companies Lllp boosted its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 219.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,410 shares of the company’s stock after purchasing an additional 2,343 shares during the period. Jones Financial Companies Lllp’s holdings in Caesars Entertainment were worth $114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its stake in Caesars Entertainment by 18.7% during the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock valued at $526,309,000 after buying an additional 1,983,151 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Caesars Entertainment by 383.1% during 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 in the last quarter. Bamco Inc. NY acquired a new stake in Caesars Entertainment during the third quarter valued at approximately $61,890,000. Principal Financial Group Inc. raised its position in shares of Caesars Entertainment by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company’s stock worth $60,712,000 after purchasing an additional 59,170 shares during the period. Finally, ING Groep NV acquired a new stake in shares of Caesars Entertainment during the 4th quarter worth approximately $35,797,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Analysts Set New Price Targets

CZR has been the topic of a number of research reports. Barclays dropped their price target on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Jefferies Financial Group dropped their price target on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. JMP Securities cut their target price on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research note on Thursday, January 16th. Truist Financial cut their target price on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. cut their target price on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Three equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.43.

Caesars Entertainment Stock Performance

Shares of CZR stock opened at $28.07 on Friday. Caesars Entertainment, Inc. has a 1-year low of $26.42 and a 1-year high of $45.93. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of -16.81 and a beta of 2.97. The stock’s fifty day simple moving average is $33.82 and its 200-day simple moving average is $37.25.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.20. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. On average, sell-side analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

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.