Aspire Private Capital LLC Boosts Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

Aspire Private Capital LLC increased its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 48.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,683 shares of the company’s stock after buying an additional 2,503 shares during the quarter. Aspire Private Capital LLC’s holdings in Caesars Entertainment were worth $257,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its position 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. EdgePoint Investment Group Inc. lifted its holdings in shares of Caesars Entertainment by 1.0% during the second quarter. EdgePoint Investment Group Inc. now owns 5,859,251 shares of the company’s stock worth $232,847,000 after purchasing an additional 60,184 shares during the period. Assenagon Asset Management S.A. boosted its position in Caesars Entertainment by 383.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock valued at $71,536,000 after buying an additional 1,697,443 shares during the last quarter. Helikon Investments Ltd increased its holdings in Caesars Entertainment by 67.1% in the 3rd quarter. Helikon Investments Ltd now owns 1,587,547 shares of the company’s stock worth $66,264,000 after buying an additional 637,303 shares during the period. Finally, Bamco Inc. NY purchased a new position in Caesars Entertainment during the 3rd quarter worth approximately $61,890,000. 91.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CZR shares. Macquarie reiterated an “outperform” rating and issued a $50.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, October 30th. Stifel Nicolaus increased their price target on Caesars Entertainment from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. JMP Securities decreased their price objective on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. dropped their target price on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Finally, Morgan Stanley boosted their price target on Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Caesars Entertainment has an average rating of “Moderate Buy” and an average price target of $51.86.

Caesars Entertainment Stock Performance

NASDAQ CZR opened at $34.23 on Wednesday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. Caesars Entertainment, Inc. has a 1-year low of $30.78 and a 1-year high of $47.99. The company has a market cap of $7.27 billion, a PE ratio of -20.50 and a beta of 2.90. The stock’s 50 day simple moving average is $35.43 and its 200-day simple moving average is $37.94.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.25). The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.93 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the firm earned $0.34 EPS. As a group, equities research analysts anticipate that Caesars Entertainment, Inc. will post -0.58 EPS for the current fiscal year.

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.