Caesars Entertainment, Inc. (NASDAQ:CZR) Stock Position Cut by Helikon Investments Ltd

Helikon Investments Ltd decreased its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,414,547 shares of the company’s stock after selling 173,000 shares during the period. Caesars Entertainment comprises 4.9% of Helikon Investments Ltd’s investment portfolio, making the stock its 7th biggest position. Helikon Investments Ltd’s holdings in Caesars Entertainment were worth $47,274,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Janus Henderson Group PLC grew its stake in Caesars Entertainment by 18.7% in the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock valued at $526,309,000 after acquiring an additional 1,983,151 shares during the period. Assenagon Asset Management S.A. grew its position in shares of 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 purchasing an additional 1,697,443 shares during the period. Bamco Inc. NY acquired a new stake in shares of Caesars Entertainment in the third quarter valued at about $61,890,000. Principal Financial Group Inc. increased its stake 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 purchasing an additional 59,170 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Caesars Entertainment by 6,568.4% during the 3rd 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 last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CZR shares. Wells Fargo & Company lowered their price objective on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Macquarie reiterated an “outperform” rating and set a $50.00 price target on shares of Caesars Entertainment in a research report on Wednesday, October 30th. Morgan Stanley increased their price objective on Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group lowered their target price on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Caesars Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $51.36.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $34.59 on Monday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The company has a 50 day simple moving average of $35.17 and a 200-day simple moving average of $37.88. Caesars Entertainment, Inc. has a 1 year low of $30.78 and a 1 year high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.25). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue was down 4.0% on a year-over-year basis. On average, analysts anticipate that Caesars Entertainment, Inc. will post -0.58 EPS for the current year.

About Caesars Entertainment

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.