Robeco Institutional Asset Management B.V. Purchases 16,808 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Posted by on May 6th, 2023

Robeco Institutional Asset Management B.V. lifted its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) by 165.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,997 shares of the company’s stock after acquiring an additional 16,808 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Caesars Entertainment were worth $1,123,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. lifted its holdings in Caesars Entertainment by 6.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,298 shares of the company’s stock worth $797,000 after purchasing an additional 666 shares in the last quarter. American Century Companies Inc. lifted its holdings in Caesars Entertainment by 10.8% during the 1st quarter. American Century Companies Inc. now owns 9,416 shares of the company’s stock worth $728,000 after purchasing an additional 914 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in Caesars Entertainment during the 1st quarter worth about $268,000. PNC Financial Services Group Inc. lifted its holdings in Caesars Entertainment by 32.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,526 shares of the company’s stock worth $351,000 after purchasing an additional 1,119 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in Caesars Entertainment by 2.4% during the 1st quarter. Panagora Asset Management Inc. now owns 9,874 shares of the company’s stock worth $764,000 after purchasing an additional 236 shares in the last quarter. Institutional investors own 93.88% of the company’s stock.

Caesars Entertainment Price Performance

CZR opened at $44.68 on Friday. The stock’s 50 day simple moving average is $46.02 and its 200 day simple moving average is $47.19. The company has a debt-to-equity ratio of 3.37, a current ratio of 0.79 and a quick ratio of 0.77. Caesars Entertainment, Inc. has a 1 year low of $31.31 and a 1 year high of $62.37. The firm has a market cap of $9.61 billion, a price-to-earnings ratio of -26.92 and a beta of 2.89.

Caesars Entertainment (NASDAQ:CZR – Get Rating) last posted its quarterly earnings results on Tuesday, February 21st. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.07. Caesars Entertainment had a positive return on equity of 2.22% and a negative net margin of 3.13%. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.82 billion. As a group, analysts predict that Caesars Entertainment, Inc. will post 0.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CZR. Deutsche Bank Aktiengesellschaft dropped their price objective on Caesars Entertainment from $70.00 to $68.00 in a report on Wednesday. Stifel Nicolaus raised their price target on Caesars Entertainment from $63.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, January 24th. B. Riley raised their price target on Caesars Entertainment from $102.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 21st. Wells Fargo & Company raised their price target on Caesars Entertainment from $72.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, January 25th. Finally, JPMorgan Chase & Co. raised their price target on Caesars Entertainment from $67.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, February 22nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $65.62.

About Caesars Entertainment

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Caesars Holdings, Inc is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.

Further Reading

Institutional Ownership by Quarter for Caesars Entertainment (NASDAQ:CZR)

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