AXQ Capital LP Makes New $588,000 Investment in Caesars Entertainment, Inc. (NASDAQ:CZR)

AXQ Capital LP purchased a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 17,598 shares of the company’s stock, valued at approximately $588,000.

Several other hedge funds also recently modified their holdings of the company. Villere ST Denis J & Co. LLC raised its position in Caesars Entertainment by 6.2% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company’s stock valued at $26,877,000 after purchasing an additional 47,294 shares during the last quarter. Guyasuta Investment Advisors Inc. bought a new position in Caesars Entertainment in the 4th quarter valued at approximately $385,000. Charles Schwab Investment Management Inc. boosted its position in Caesars Entertainment by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company’s stock worth $62,728,000 after buying an additional 11,671 shares during the period. Wellington Management Group LLP grew its holdings in Caesars Entertainment by 4.5% during the 3rd quarter. Wellington Management Group LLP now owns 113,405 shares of the company’s stock worth $4,734,000 after acquiring an additional 4,840 shares during the last quarter. Finally, Key Colony Management LLC acquired a new position in Caesars Entertainment in the 4th quarter valued at approximately $6,350,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

Shares of Caesars Entertainment stock opened at $27.36 on Friday. The business has a 50-day simple moving average of $33.39 and a 200 day simple moving average of $36.93. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of -16.38 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. Caesars Entertainment, Inc. has a one year low of $26.42 and a one year high of $45.93.

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

Wall Street Analyst Weigh In

CZR has been the topic of several analyst reports. Susquehanna raised shares of Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 price objective on the stock in a research note on Thursday, March 6th. JMP Securities reduced their price target on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company lowered their price objective on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Raymond James decreased their target price on shares of Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating for the company in a research report on Wednesday. Finally, Truist Financial dropped their price target on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Caesars Entertainment has an average rating of “Moderate Buy” and a consensus target price 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.