Caesars Entertainment, Inc. (NASDAQ:CZR) Stock Position Reduced by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 21.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,936 shares of the company’s stock after selling 4,278 shares during the quarter. Sanctuary Advisors LLC’s holdings in Caesars Entertainment were worth $577,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Assetmark Inc. boosted its stake in Caesars Entertainment by 8.0% in the third quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock valued at $144,000 after acquiring an additional 256 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Caesars Entertainment by 3.0% in the 3rd quarter. Private Advisor Group LLC now owns 10,850 shares of the company’s stock worth $453,000 after purchasing an additional 317 shares during the last quarter. Fiduciary Family Office LLC boosted its position in Caesars Entertainment by 1.7% during the 3rd quarter. Fiduciary Family Office LLC now owns 25,215 shares of the company’s stock valued at $1,052,000 after purchasing an additional 424 shares during the period. The Manufacturers Life Insurance Company grew its stake in Caesars Entertainment by 0.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 168,516 shares of the company’s stock worth $7,034,000 after buying an additional 582 shares during the last quarter. Finally, Lebenthal Global Advisors LLC grew its stake in Caesars Entertainment by 5.7% during the 4th quarter. Lebenthal Global Advisors LLC now owns 10,890 shares of the company’s stock worth $364,000 after buying an additional 587 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors.

Caesars Entertainment Trading Down 0.1 %

Shares of CZR stock opened at $33.22 on Friday. The stock has a 50-day simple moving average of $34.69 and a 200 day simple moving average of $37.81. The stock has a market capitalization of $7.06 billion, a P/E ratio of -19.89 and a beta of 2.90. Caesars Entertainment, Inc. has a fifty-two week low of $30.78 and a fifty-two week high of $45.93. 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 (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.20. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. On average, sell-side analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JMP Securities reduced their price target 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. Truist Financial reduced their target price on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Jefferies Financial Group dropped their price target on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Barclays reduced their price objective on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Stifel Nicolaus lowered their target price on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Caesars Entertainment has an average rating of “Moderate Buy” and a consensus target price of $50.64.

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.