Prudential Financial Inc. Sells 19,597 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Prudential Financial Inc. lowered its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 14.6% in the fourth quarter, Holdings Channel reports. The firm owned 114,847 shares of the company’s stock after selling 19,597 shares during the period. Prudential Financial Inc.’s holdings in Caesars Entertainment were worth $4,216,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC lifted its stake in shares of Caesars Entertainment by 1,777.8% in the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after buying an additional 800 shares during the last quarter. Quarry LP acquired a new position in Caesars Entertainment during the 3rd quarter worth $68,000. Steward Partners Investment Advisory LLC bought a new stake in Caesars Entertainment during the fourth quarter valued at about $73,000. Avior Wealth Management LLC grew its position in shares of Caesars Entertainment by 12,577.8% in the fourth quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock valued at $76,000 after purchasing an additional 2,264 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Caesars Entertainment by 219.6% in the fourth quarter. Jones Financial Companies Lllp now owns 3,410 shares of the company’s stock worth $114,000 after purchasing an additional 2,343 shares during the period. Institutional investors and hedge funds own 91.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on CZR shares. Susquehanna raised Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 target price on the stock in a report on Thursday, March 6th. TD Cowen lowered their price objective on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Wells Fargo & Company cut their target price on shares of Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Stifel Nicolaus decreased their price target on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Finally, Raymond James dropped their price objective on shares of Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating on the stock in a report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.00.

Caesars Entertainment Trading Down 0.7 %

CZR stock opened at $24.83 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The firm has a market cap of $5.26 billion, a P/E ratio of -14.87 and a beta of 2.97. Caesars Entertainment, Inc. has a 1-year low of $24.01 and a 1-year high of $45.93. The business’s 50 day moving average is $32.42 and its 200-day moving average is $36.42.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. Equities analysts anticipate that Caesars Entertainment, Inc. will post -0.77 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.