Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 150.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,615 shares of the company’s stock after buying an additional 11,174 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Caesars Entertainment were worth $618,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Bogart Wealth LLC boosted its holdings in Caesars Entertainment by 1,777.8% in the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after purchasing an additional 800 shares during the last quarter. FIL Ltd purchased a new position in Caesars Entertainment in the fourth quarter valued at about $28,000. Resona Asset Management Co. Ltd. purchased a new position in Caesars Entertainment in the fourth quarter valued at about $44,000. Canada Pension Plan Investment Board boosted its holdings in Caesars Entertainment by 100.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company’s stock valued at $53,000 after purchasing an additional 800 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new position in Caesars Entertainment in the fourth quarter valued at about $71,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 1.3 %

CZR opened at $28.06 on Tuesday. Caesars Entertainment, Inc. has a 12 month low of $21.40 and a 12 month 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 stock has a market cap of $5.95 billion, a P/E ratio of -16.80 and a beta of 2.67. The stock’s 50 day moving average price is $27.91 and its 200 day moving average price is $34.04.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.81 billion. As a group, research analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

CZR has been the subject of a number of analyst reports. Morgan Stanley reduced their price target on Caesars Entertainment from $30.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Macquarie reduced their target price on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Stifel Nicolaus reduced their target price on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Capital One Financial raised Caesars Entertainment from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $51.00 to $47.00 in a report on Thursday, April 3rd. Finally, Jefferies Financial Group reduced their target price on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Three 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $45.86.

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.