Sei Investments Co. Acquires 92,648 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Sei Investments Co. boosted its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 11.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 908,736 shares of the company’s stock after acquiring an additional 92,648 shares during the quarter. Sei Investments Co. owned about 0.43% of Caesars Entertainment worth $30,370,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Villere ST Denis J & Co. LLC boosted its stake in shares of Caesars Entertainment by 6.2% during the 4th 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. Guyasuta Investment Advisors Inc. bought a new stake in Caesars Entertainment in the fourth quarter worth about $385,000. Charles Schwab Investment Management Inc. boosted its position in shares of 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 valued at $62,728,000 after buying an additional 11,671 shares during the period. Wellington Management Group LLP grew its stake in shares of Caesars Entertainment by 4.5% during the third quarter. Wellington Management Group LLP now owns 113,405 shares of the company’s stock valued at $4,734,000 after buying an additional 4,840 shares during the last quarter. Finally, Key Colony Management LLC purchased a new stake in shares of Caesars Entertainment in the fourth quarter worth approximately $6,350,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Caesars Entertainment Stock Down 2.1 %

Shares of NASDAQ CZR opened at $27.54 on Wednesday. Caesars Entertainment, Inc. has a 12-month low of $26.42 and a 12-month high of $45.93. The stock’s fifty day simple moving average is $33.20 and its two-hundred day simple moving average is $36.80. The stock 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.

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

Analysts Set New Price Targets

Several brokerages have commented on CZR. Stifel Nicolaus cut their price objective 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. JMP Securities cut their price target on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a report on Thursday, January 16th. Susquehanna upgraded shares of Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 price objective for the company in a report on Thursday, March 6th. Jefferies Financial Group lowered their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Finally, Wells Fargo & Company reduced their target price on shares of Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.