Charles Schwab Investment Management Inc. Acquires 11,671 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Charles Schwab Investment Management Inc. increased its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,876,971 shares of the company’s stock after buying an additional 11,671 shares during the period. Charles Schwab Investment Management Inc. owned 0.88% of Caesars Entertainment worth $62,728,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Villere ST Denis J & Co. LLC lifted its stake in shares of Caesars Entertainment by 6.2% during the fourth quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company’s stock valued at $26,877,000 after acquiring an additional 47,294 shares during the period. Guyasuta Investment Advisors Inc. acquired a new position in Caesars Entertainment during the 4th quarter valued at about $385,000. Wellington Management Group LLP boosted its stake in shares of Caesars Entertainment by 4.5% in the 3rd quarter. Wellington Management Group LLP now owns 113,405 shares of the company’s stock valued at $4,734,000 after purchasing an additional 4,840 shares during the last quarter. Key Colony Management LLC acquired a new stake in shares of Caesars Entertainment during the 4th quarter worth approximately $6,350,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Caesars Entertainment by 40.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,550 shares of the company’s stock worth $779,000 after buying an additional 6,778 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 1.9 %

CZR stock opened at $27.32 on Thursday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The stock has a market capitalization of $5.79 billion, a P/E ratio of -16.36 and a beta of 2.97. Caesars Entertainment, Inc. has a fifty-two week low of $26.84 and a fifty-two week high of $45.93. The business has a 50-day moving average of $34.15 and a 200-day moving average of $37.46.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, topping 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 firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. On average, sell-side analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on CZR. Truist Financial lowered their target price on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. TD Cowen cut their target price on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Wells Fargo & Company lowered their price target on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Jefferies Financial Group decreased their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Finally, Barclays cut their target price on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $50.43.

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.