Amundi Has $21.90 Million Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Amundi boosted its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 55.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 684,638 shares of the company’s stock after acquiring an additional 244,130 shares during the quarter. Amundi’s holdings in Caesars Entertainment were worth $21,895,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Janus Henderson Group PLC increased its position in Caesars Entertainment by 18.7% during the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock worth $526,309,000 after buying an additional 1,983,151 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Caesars Entertainment by 383.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock worth $71,536,000 after buying an additional 1,697,443 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 worth $62,728,000 after acquiring an additional 11,671 shares during the period. Bamco Inc. NY bought a new stake in shares of Caesars Entertainment during the third quarter worth approximately $61,890,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Caesars Entertainment by 4.2% during the third quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company’s stock worth $60,712,000 after acquiring an additional 59,170 shares during the period. Institutional investors and hedge funds own 91.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CZR shares. Macquarie reduced their price objective on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Jefferies Financial Group reduced their price objective on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. reduced their price objective on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. JMP Securities reduced 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. Finally, Susquehanna upgraded Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 price target for the company in a research note on Thursday, March 6th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.43.

Caesars Entertainment Stock Down 2.5 %

Shares of CZR opened at $26.63 on Friday. Caesars Entertainment, Inc. has a one year low of $26.42 and a one year high of $45.93. The company has a market cap of $5.65 billion, a P/E ratio of -15.95 and a beta of 2.97. 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 firm has a 50 day simple moving average of $34.03 and a two-hundred day simple moving average of $37.39.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data 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 net margin of 3.20% and a negative return on equity of 4.44%. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. Research analysts forecast that Caesars Entertainment, Inc. will post -0.77 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.