Fmr LLC Has $151.44 Million Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

Fmr LLC decreased its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 52.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,628,208 shares of the company’s stock after selling 4,080,455 shares during the quarter. Fmr LLC owned approximately 1.71% of Caesars Entertainment worth $151,441,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of Caesars Entertainment by 525.3% in the second quarter. Blue Trust Inc. now owns 594 shares of the company’s stock valued at $26,000 after purchasing an additional 499 shares in the last quarter. Huntington National Bank raised its position in shares of Caesars Entertainment by 3,203.8% during the third quarter. Huntington National Bank now owns 859 shares of the company’s stock worth $36,000 after acquiring an additional 833 shares during the last quarter. UMB Bank n.a. acquired a new position in shares of Caesars Entertainment during the third quarter valued at $51,000. GAMMA Investing LLC boosted its holdings in Caesars Entertainment by 63.1% in the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $64,000 after acquiring an additional 622 shares during the last quarter. Finally, Signaturefd LLC increased its position in Caesars Entertainment by 77.0% in the second quarter. Signaturefd LLC now owns 2,540 shares of the company’s stock worth $101,000 after purchasing an additional 1,105 shares during the period. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 2.1 %

CZR opened at $38.18 on Wednesday. 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, Inc. has a 12 month low of $31.74 and a 12 month high of $50.51. The firm’s fifty day simple moving average is $41.38 and its 200 day simple moving average is $38.45.

Caesars Entertainment (NASDAQ:CZR) last issued 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). The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. On average, research analysts expect that Caesars Entertainment, Inc. will post -0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CZR has been the topic of several recent research reports. Wells Fargo & Company reduced their target price on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Stifel Nicolaus lifted their target price on shares of Caesars Entertainment from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price target on Caesars Entertainment from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Macquarie reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, October 30th. Finally, Morgan Stanley increased their target price on Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.86.

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.