Swiss National Bank Grows Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Swiss National Bank grew its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 0.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 425,500 shares of the company’s stock after purchasing an additional 2,200 shares during the quarter. Swiss National Bank’s holdings in Caesars Entertainment were worth $14,220,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Wealthfront Advisers LLC bought a new stake in shares of Caesars Entertainment in the 4th quarter worth approximately $214,000. Avantax Planning Partners Inc. increased its position in Caesars Entertainment by 40.1% in the fourth quarter. Avantax Planning Partners Inc. now owns 22,741 shares of the company’s stock worth $760,000 after buying an additional 6,506 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Caesars Entertainment by 14.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 11,411 shares of the company’s stock valued at $381,000 after buying an additional 1,433 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Caesars Entertainment by 1.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,504 shares of the company’s stock valued at $1,287,000 after buying an additional 408 shares during the last quarter. Finally, AlphaQuest LLC grew its stake in shares of Caesars Entertainment by 52.3% during the 4th quarter. AlphaQuest LLC now owns 8,043 shares of the company’s stock worth $269,000 after acquiring an additional 2,762 shares during the period. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

CZR stock opened at $29.12 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. Caesars Entertainment, Inc. has a 1 year low of $26.42 and a 1 year high of $45.93. The firm has a 50-day moving average of $33.55 and a 200 day moving average of $37.06. The company has a market cap of $6.17 billion, a P/E ratio of -17.44 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating 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 company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. On average, sell-side analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on CZR shares. Macquarie lowered their price target on shares of Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Raymond James lowered their target price on shares of Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating on the stock in a report on Wednesday. Wells Fargo & Company cut their price target on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price objective on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Finally, TD Cowen cut their target price on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Three 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 stock. According to data from MarketBeat.com, Caesars Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

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.