Caesars Entertainment, Inc. (NASDAQ:CZR) Stock Position Increased by Soros Capital Management LLC

Soros Capital Management LLC lifted its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 2.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 92,926 shares of the company’s stock after buying an additional 2,557 shares during the period. Caesars Entertainment makes up 0.9% of Soros Capital Management LLC’s holdings, making the stock its 28th largest position. Soros Capital Management LLC’s holdings in Caesars Entertainment were worth $3,879,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. EdgePoint Investment Group Inc. raised its position in shares of Caesars Entertainment by 35.4% during the first quarter. EdgePoint Investment Group Inc. now owns 5,799,067 shares of the company’s stock worth $253,651,000 after purchasing an additional 1,515,763 shares during the period. SG Americas Securities LLC raised its position in shares of Caesars Entertainment by 6,568.4% during the third quarter. SG Americas Securities LLC now owns 1,439,911 shares of the company’s stock worth $60,102,000 after purchasing an additional 1,418,318 shares during the period. Helikon Investments Ltd acquired a new stake in shares of Caesars Entertainment during the second quarter worth $37,763,000. Bank of Montreal Can raised its position in shares of Caesars Entertainment by 451.6% during the second quarter. Bank of Montreal Can now owns 1,017,484 shares of the company’s stock worth $40,577,000 after purchasing an additional 833,039 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Caesars Entertainment by 783.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 928,529 shares of the company’s stock worth $36,900,000 after purchasing an additional 823,428 shares during the period. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

NASDAQ CZR opened at $38.68 on Wednesday. Caesars Entertainment, Inc. has a twelve month low of $31.74 and a twelve month high of $50.51. 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 50-day simple moving average of $41.63 and a 200 day simple moving average of $38.37.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on CZR shares. StockNews.com upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Macquarie reiterated an “outperform” rating and set a $50.00 price target on shares of Caesars Entertainment in a report on Wednesday, October 30th. Morgan Stanley boosted their price target on Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company reduced their price target on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group reduced their price target on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Caesars Entertainment has an average rating of “Moderate Buy” and a consensus price target of $53.86.

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.