Geode Capital Management LLC Sells 17,316 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Geode Capital Management LLC decreased its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 0.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,278,774 shares of the company’s stock after selling 17,316 shares during the period. Geode Capital Management LLC’s holdings in Caesars Entertainment were worth $219,993,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CZR. Janus Henderson Group PLC grew its holdings in 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 acquiring an additional 1,983,151 shares during the period. Bamco Inc. NY acquired a new stake in shares of Caesars Entertainment during the third quarter worth $61,890,000. SG Americas Securities LLC increased its holdings in Caesars Entertainment by 6,568.4% in the third quarter. SG Americas Securities LLC now owns 1,439,911 shares of the company’s stock valued at $60,102,000 after purchasing an additional 1,418,318 shares during the last quarter. Helikon Investments Ltd acquired a new position in Caesars Entertainment in the second quarter valued at about $37,763,000. Finally, Progeny 3 Inc. bought a new position in Caesars Entertainment during the third quarter worth about $37,649,000. 91.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Macquarie reiterated an “outperform” rating and issued a $50.00 price target on shares of Caesars Entertainment in a research report on Wednesday, October 30th. JMP Securities cut their target price on shares of Caesars Entertainment from $59.00 to $57.00 and set a “market outperform” rating on the stock in a report on Monday, November 25th. Stifel Nicolaus boosted their price target on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Barclays dropped their price objective on Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their target price on Caesars Entertainment from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.71.

Caesars Entertainment Stock Down 2.1 %

Shares of Caesars Entertainment stock opened at $37.01 on Friday. The firm has a market cap of $7.86 billion, a PE ratio of -22.16 and a beta of 2.89. The business’s 50 day simple moving average is $40.58 and its 200 day simple moving average is $38.63. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment, Inc. has a 52-week low of $31.74 and a 52-week high of $50.51.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the firm earned $0.34 EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, analysts predict that Caesars Entertainment, Inc. will post -0.56 earnings per share for the current fiscal year.

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.