Canada Pension Plan Investment Board Has $53,000 Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

Canada Pension Plan Investment Board raised its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 100.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,600 shares of the company’s stock after purchasing an additional 800 shares during the period. Canada Pension Plan Investment Board’s holdings in Caesars Entertainment were worth $53,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CZR. Norges Bank bought a new stake in Caesars Entertainment during the fourth quarter valued at $75,058,000. Cohen & Steers Inc. boosted its position in shares of Caesars Entertainment by 14.8% during the 4th quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company’s stock valued at $487,265,000 after purchasing an additional 1,882,728 shares in the last quarter. Assenagon Asset Management S.A. grew its stake 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 purchasing an additional 1,697,443 shares during the period. Invesco Ltd. increased its holdings in Caesars Entertainment by 28.0% in the fourth quarter. Invesco Ltd. now owns 5,553,375 shares of the company’s stock worth $185,594,000 after purchasing an additional 1,213,426 shares in the last quarter. Finally, ING Groep NV acquired a new position in Caesars Entertainment in the fourth quarter valued at approximately $35,797,000. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Stock Performance

NASDAQ CZR opened at $28.44 on Friday. Caesars Entertainment, Inc. has a 1 year low of $21.40 and a 1 year high of $45.93. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of -17.03 and a beta of 2.67. The company has a fifty day moving average price of $28.11 and a 200-day moving average price of $34.22. 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 (NASDAQ:CZR) last announced its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.20. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. As a group, equities research analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on CZR shares. Truist Financial reduced their price objective on shares of Caesars Entertainment from $48.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday. Raymond James decreased their price target on shares of Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating for the company in a research note on Wednesday, March 19th. TD Cowen cut 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 report on Tuesday, February 4th. Barclays decreased their target price on Caesars Entertainment from $54.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Finally, Susquehanna cut their price target on Caesars Entertainment from $30.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.86.

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.