Venator Management LLC Has $13.51 Million Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Venator Management LLC raised its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 20.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 404,365 shares of the company’s stock after acquiring an additional 68,185 shares during the quarter. Caesars Entertainment accounts for 3.9% of Venator Management LLC’s holdings, making the stock its 11th largest position. Venator Management LLC’s holdings in Caesars Entertainment were worth $13,514,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bogart Wealth LLC raised its stake in shares of Caesars Entertainment by 1,777.8% in the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after buying an additional 800 shares in the last quarter. Quarry LP acquired a new stake in Caesars Entertainment during the third quarter valued at approximately $68,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Caesars Entertainment in the 4th quarter valued at approximately $73,000. Avior Wealth Management LLC raised its holdings in shares of Caesars Entertainment by 12,577.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock worth $76,000 after buying an additional 2,264 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Caesars Entertainment by 219.6% during the 4th quarter. Jones Financial Companies Lllp now owns 3,410 shares of the company’s stock worth $114,000 after buying an additional 2,343 shares during the period. Institutional investors own 91.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CZR shares. TD Cowen lowered their price target on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Susquehanna upgraded shares of Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 price target on the stock in a research report on Thursday, March 6th. Raymond James dropped their price objective on shares of Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating for the company in a report on Wednesday, March 19th. Macquarie decreased their price target on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus cut their price objective on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Three investment 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

Caesars Entertainment Stock Performance

Shares of NASDAQ:CZR opened at $25.67 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. Caesars Entertainment, Inc. has a 1-year low of $25.40 and a 1-year high of $45.93. The stock has a market capitalization of $5.44 billion, a P/E ratio of -15.37 and a beta of 2.97. The business has a 50-day moving average price of $32.79 and a two-hundred day moving average price of $36.60.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.20. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. Equities analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

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.