Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Purchased by Rovida Advisors Inc.

Rovida Advisors Inc. grew its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 57.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 400,000 shares of the company’s stock after purchasing an additional 145,900 shares during the quarter. Caesars Entertainment comprises about 10.4% of Rovida Advisors Inc.’s portfolio, making the stock its 4th biggest holding. Rovida Advisors Inc. owned about 0.19% of Caesars Entertainment worth $13,368,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Caesars Entertainment by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 23,364,859 shares of the company’s stock valued at $780,854,000 after purchasing an additional 100,263 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Caesars Entertainment by 18.7% during the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock worth $526,309,000 after buying an additional 1,983,151 shares during the period. Appaloosa LP grew its stake in Caesars Entertainment by 2.3% in the 4th quarter. Appaloosa LP now owns 2,200,000 shares of the company’s stock valued at $73,524,000 after buying an additional 50,000 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Caesars Entertainment by 383.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock valued at $71,536,000 after acquiring an additional 1,697,443 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Caesars Entertainment by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company’s stock worth $62,728,000 after acquiring an additional 11,671 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Trading Down 2.1 %

Shares of Caesars Entertainment stock opened at $27.54 on Wednesday. The firm has a market capitalization of $5.84 billion, a PE ratio of -16.49 and a beta of 2.97. 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 firm’s 50 day moving average is $33.20 and its 200 day moving average is $36.80. Caesars Entertainment, Inc. has a 1 year low of $26.42 and a 1 year high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly 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. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Equities research analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CZR shares. Jefferies Financial Group lowered their target price on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Wells Fargo & Company dropped their target price on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. TD Cowen decreased their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Truist Financial dropped their price objective 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, January 14th. Finally, Raymond James decreased 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 research report on Wednesday, March 19th. Three investment 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. Based on data from MarketBeat, Caesars Entertainment has an average rating of “Moderate Buy” and an average price target of $50.00.

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.