Caesars Entertainment, Inc. (NASDAQ:CZR) Stake Lifted by Lodge Hill Capital LLC

Lodge Hill Capital LLC boosted its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 1.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 570,600 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Caesars Entertainment comprises 6.1% of Lodge Hill Capital LLC’s portfolio, making the stock its 7th largest position. Lodge Hill Capital LLC owned about 0.26% of Caesars Entertainment worth $22,676,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Caesars Entertainment by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 23,635,788 shares of the company’s stock worth $1,033,829,000 after purchasing an additional 75,898 shares in the last quarter. Capital Research Global Investors grew its stake in Caesars Entertainment by 26.9% during the first quarter. Capital Research Global Investors now owns 15,505,033 shares of the company’s stock worth $678,190,000 after buying an additional 3,289,748 shares during the period. Capital World Investors increased its position in shares of Caesars Entertainment by 9.1% in the fourth quarter. Capital World Investors now owns 11,024,448 shares of the company’s stock worth $516,826,000 after acquiring an additional 916,282 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Caesars Entertainment by 2.5% in the 1st quarter. Janus Henderson Group PLC now owns 9,616,712 shares of the company’s stock valued at $420,633,000 after acquiring an additional 233,250 shares during the period. Finally, EdgePoint Investment Group Inc. lifted its holdings in shares of Caesars Entertainment by 35.4% during the 1st quarter. EdgePoint Investment Group Inc. now owns 5,799,067 shares of the company’s stock valued at $253,651,000 after acquiring an additional 1,515,763 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

Shares of CZR opened at $41.45 on Friday. Caesars Entertainment, Inc. has a 52 week low of $31.74 and a 52 week high of $50.51. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 5.56. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 11.74 and a beta of 2.96. The stock has a 50 day moving average of $37.00 and a 200-day moving average of $37.90.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, July 30th. The company reported ($0.56) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.68). The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.87 billion. Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.82 earnings per share. As a group, analysts forecast that Caesars Entertainment, Inc. will post 0.06 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on CZR shares. JMP Securities boosted their price objective on Caesars Entertainment from $58.00 to $59.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 22nd. Wells Fargo & Company upped their price target on Caesars Entertainment from $53.00 to $56.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. StockNews.com cut shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Morgan Stanley lowered their price target on shares of Caesars Entertainment from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, September 4th. Finally, Susquehanna reissued a “negative” rating and issued a $33.00 price objective on shares of Caesars Entertainment in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Caesars Entertainment has a consensus rating of “Moderate Buy” and an average target price of $54.14.

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.