Gabelli Funds LLC Purchases 15,500 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Gabelli Funds LLC increased its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 10.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 161,700 shares of the company’s stock after acquiring an additional 15,500 shares during the period. Gabelli Funds LLC’s holdings in Caesars Entertainment were worth $5,404,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Villere ST Denis J & Co. LLC increased its holdings in shares of Caesars Entertainment by 6.2% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company’s stock worth $26,877,000 after purchasing an additional 47,294 shares during the period. Cannell Capital LLC bought a new position in Caesars Entertainment in the 4th quarter worth about $13,498,000. Guyasuta Investment Advisors Inc. purchased a new stake in shares of Caesars Entertainment in the 4th quarter valued at about $385,000. Charles Schwab Investment Management Inc. boosted its position in shares of Caesars Entertainment by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company’s stock valued at $62,728,000 after acquiring an additional 11,671 shares during the last quarter. Finally, Key Colony Management LLC purchased a new position in shares of Caesars Entertainment during the fourth quarter worth about $6,350,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock opened at $25.52 on Friday. The stock has a market capitalization of $5.41 billion, a P/E ratio of -15.28 and a beta of 2.67. Caesars Entertainment, Inc. has a one year low of $21.40 and a one year high of $45.93. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The business’s 50 day simple moving average is $29.50 and its two-hundred day simple moving average is $34.98.

Caesars Entertainment (NASDAQ:CZR) last posted 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 analyst estimates of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. Analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CZR shares. Susquehanna lowered their target price on shares of Caesars Entertainment from $30.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday. Truist Financial lowered their price objective on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. JMP Securities cut their target price on shares of Caesars Entertainment from $53.00 to $45.00 and set a “market outperform” rating for the company in a research report on Thursday. Stifel Nicolaus lowered their price target on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Finally, Barclays dropped their price target on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.14.

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.