Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 383.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,140,517 shares of the company’s stock after purchasing an additional 1,697,443 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Caesars Entertainment were worth $71,536,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CZR. Czech National Bank increased its position in Caesars Entertainment by 4.6% during the 4th quarter. Czech National Bank now owns 46,079 shares of the company’s stock worth $1,540,000 after purchasing an additional 2,009 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Caesars Entertainment by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company’s stock valued at $60,712,000 after purchasing an additional 59,170 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Caesars Entertainment by 9.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 20,214 shares of the company’s stock worth $844,000 after purchasing an additional 1,807 shares during the last quarter. Coldstream Capital Management Inc. purchased a new stake in shares of Caesars Entertainment during the third quarter worth about $262,000. Finally, MidWestOne Financial Group Inc. raised its position in shares of Caesars Entertainment by 59.7% in the third quarter. MidWestOne Financial Group Inc. now owns 41,816 shares of the company’s stock valued at $1,745,000 after buying an additional 15,629 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Stock Up 0.6 %

Shares of Caesars Entertainment stock opened at $33.38 on Thursday. Caesars Entertainment, Inc. has a twelve month low of $30.78 and a twelve month high of $47.99. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of -19.99 and a beta of 2.90. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The company has a fifty day moving average price of $35.95 and a 200 day moving average price of $38.04.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.25). The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Caesars Entertainment’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS. Equities research analysts forecast that Caesars Entertainment, Inc. will post -0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. 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 research note on Tuesday. JMP Securities lowered their price objective on 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. Wells Fargo & Company reduced their target price on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Barclays lowered their price target on Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Finally, Jefferies Financial Group cut their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.14.

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.