Allspring Global Investments Holdings LLC Lowers Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Allspring Global Investments Holdings LLC lessened its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 9.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,135 shares of the company’s stock after selling 974 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Caesars Entertainment were worth $298,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Raymond James & Associates lifted its holdings in shares of Caesars Entertainment by 31.3% in the third quarter. Raymond James & Associates now owns 199,849 shares of the company’s stock worth $8,342,000 after buying an additional 47,691 shares in the last quarter. Signaturefd LLC lifted its stake in Caesars Entertainment by 9.8% in the 3rd quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock worth $116,000 after purchasing an additional 248 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Caesars Entertainment by 3.0% during the 3rd quarter. Private Advisor Group LLC now owns 10,850 shares of the company’s stock valued at $453,000 after purchasing an additional 317 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Caesars Entertainment by 48.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,772 shares of the company’s stock valued at $699,000 after purchasing an additional 5,491 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Caesars Entertainment by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 25,111 shares of the company’s stock worth $1,048,000 after purchasing an additional 1,705 shares during the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 0.5 %

NASDAQ:CZR opened at $34.87 on Wednesday. The company has a market cap of $7.41 billion, a price-to-earnings ratio of -20.88 and a beta of 2.90. Caesars Entertainment, Inc. has a twelve month low of $30.78 and a twelve month 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 stock has a fifty day simple moving average of $34.67 and a 200-day simple moving average of $37.87.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, topping 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 the consensus estimate of $2.81 billion. Analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on CZR. Macquarie restated an “outperform” rating and set a $50.00 price target on shares of Caesars Entertainment in a report on Wednesday, October 30th. JMP Securities cut their target price on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company reduced their price target on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Truist Financial lowered their price objective on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Barclays reduced their target price on shares of Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Caesars Entertainment has a consensus rating of “Moderate Buy” and an average target price of $51.21.

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.