Proficio Capital Partners LLC Purchases Shares of 14,304 Caesars Entertainment, Inc. (NASDAQ:CZR)

Proficio Capital Partners LLC purchased a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 14,304 shares of the company’s stock, valued at approximately $478,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC lifted its stake in Caesars Entertainment by 1,777.8% during the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after buying an additional 800 shares in the last quarter. Huntington National Bank lifted its stake in Caesars Entertainment by 3,203.8% during the third quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after buying an additional 833 shares in the last quarter. Quarry LP purchased a new stake in Caesars Entertainment during the third quarter valued at about $68,000. Avior Wealth Management LLC lifted its stake in Caesars Entertainment by 12,577.8% during the fourth quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock valued at $76,000 after buying an additional 2,264 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in Caesars Entertainment by 8.0% during the third quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock valued at $144,000 after buying an additional 256 shares in the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CZR shares. Jefferies Financial Group reduced their price target on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Barclays reduced their price target on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Stifel Nicolaus reduced their price target on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. 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 research report on Thursday, January 16th. Finally, Macquarie reduced their price target on shares of Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.43.

Caesars Entertainment Stock Down 4.3 %

Shares of CZR stock opened at $27.26 on Tuesday. The stock has a market cap of $5.78 billion, a P/E ratio of -16.32 and a beta of 2.97. Caesars Entertainment, Inc. has a one year low of $26.84 and a one year high of $45.93. The stock has a fifty day moving average price of $34.37 and a 200 day moving average price of $37.60. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82.

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

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.