Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB decreased its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 13.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 432,322 shares of the company’s stock after selling 68,546 shares during the period. Nordea Investment Management AB owned 0.20% of Caesars Entertainment worth $14,509,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CZR. Natixis Advisors LLC raised its position in shares of Caesars Entertainment by 26.8% in the 2nd quarter. Natixis Advisors LLC now owns 18,535 shares of the company’s stock worth $737,000 after buying an additional 3,921 shares during the period. National Bank of Canada FI raised its holdings in shares of Caesars Entertainment by 22.8% in the 2nd quarter. National Bank of Canada FI now owns 58,492 shares of the company’s stock worth $2,208,000 after purchasing an additional 10,874 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Caesars Entertainment by 12.2% in the 2nd quarter. Victory Capital Management Inc. now owns 818,944 shares of the company’s stock valued at $32,545,000 after purchasing an additional 89,235 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Caesars Entertainment in the 2nd quarter valued at about $147,000. Finally, Ashton Thomas Private Wealth LLC increased its position in Caesars Entertainment by 40.5% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 7,721 shares of the company’s stock worth $307,000 after purchasing an additional 2,227 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 stock opened at $31.98 on Thursday. The firm has a fifty day moving average of $36.67 and a two-hundred day moving average of $38.26. The firm has a market cap of $6.80 billion, a P/E ratio of -19.15 and a beta of 2.90. Caesars Entertainment, Inc. has a 1-year low of $31.66 and a 1-year high of $47.99. 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 posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter last year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, research analysts anticipate that Caesars Entertainment, Inc. will post -0.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Macquarie reaffirmed an “outperform” rating and set a $50.00 price target on shares of Caesars Entertainment in a research report on Wednesday, October 30th. JMP Securities decreased their price target on shares of Caesars Entertainment from $59.00 to $57.00 and set a “market outperform” rating for the company in a research report on Monday, November 25th. Barclays cut their price objective on Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, December 13th. Wells Fargo & Company decreased their target price on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group dropped their target price on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.43.

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.