SCP Investment LP Increases Stock Holdings in Caesars Entertainment, Inc. $CZR

SCP Investment LP lifted its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 10.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 605,000 shares of the company’s stock after buying an additional 55,000 shares during the quarter. Caesars Entertainment makes up about 11.6% of SCP Investment LP’s holdings, making the stock its 2nd biggest holding. SCP Investment LP’s holdings in Caesars Entertainment were worth $14,151,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in Caesars Entertainment by 47.7% during the first quarter. AQR Capital Management LLC now owns 39,297 shares of the company’s stock worth $953,000 after acquiring an additional 12,698 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Caesars Entertainment by 8.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,830 shares of the company’s stock valued at $496,000 after purchasing an additional 1,623 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Caesars Entertainment by 106.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,599,273 shares of the company’s stock valued at $39,982,000 after purchasing an additional 826,356 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Caesars Entertainment by 40.7% during the first quarter. Woodline Partners LP now owns 17,952 shares of the company’s stock valued at $449,000 after purchasing an additional 5,192 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Caesars Entertainment by 0.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 506,585 shares of the company’s stock valued at $12,665,000 after purchasing an additional 3,198 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on CZR. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $31.00 price target (down from $35.00) on shares of Caesars Entertainment in a research note on Monday. Macquarie Infrastructure downgraded Caesars Entertainment from an “outperform” rating to a “neutral” rating in a report on Monday. Wall Street Zen upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Citizens Jmp lifted their price target on Caesars Entertainment from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 29th. Finally, Susquehanna upgraded shares of Caesars Entertainment from a “positive” rating to a “positive” rating in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $32.80.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $29.22 on Wednesday. The firm’s 50-day moving average price is $27.35 and its 200-day moving average price is $24.62. Caesars Entertainment, Inc. has a 52-week low of $17.86 and a 52-week high of $31.58. The company has a market cap of $5.95 billion, a PE ratio of -12.33 and a beta of 1.77. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.25.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, April 28th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter last year, the company earned ($0.54) EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, analysts anticipate that Caesars Entertainment, Inc. will post -0.49 EPS for the current year.

About Caesars Entertainment

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.