Ancora Advisors LLC Sells 529,479 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Ancora Advisors LLC reduced its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 99.0% in the 4th quarter, Holdings Channel reports. The fund owned 5,217 shares of the company’s stock after selling 529,479 shares during the quarter. Ancora Advisors LLC’s holdings in Caesars Entertainment were worth $174,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Villere ST Denis J & Co. LLC increased its holdings in Caesars Entertainment by 6.2% during the 4th quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company’s stock worth $26,877,000 after purchasing an additional 47,294 shares in the last quarter. Cannell Capital LLC bought a new position in shares of Caesars Entertainment during the fourth quarter worth about $13,498,000. Guyasuta Investment Advisors Inc. acquired a new stake in Caesars Entertainment in the 4th quarter valued at approximately $385,000. Charles Schwab Investment Management Inc. lifted its stake in Caesars Entertainment by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company’s stock valued at $62,728,000 after acquiring an additional 11,671 shares in the last quarter. Finally, Key Colony Management LLC acquired a new position in Caesars Entertainment during the 4th quarter worth approximately $6,350,000. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

Shares of CZR opened at $27.09 on Thursday. The firm has a market capitalization of $5.63 billion, a PE ratio of -16.22 and a beta of 2.51. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The company’s 50-day moving average is $26.86 and its 200-day moving average is $33.33. Caesars Entertainment, Inc. has a fifty-two week low of $21.40 and a fifty-two week high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.35). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business earned ($0.73) earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. Equities analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CZR. Truist Financial cut their price objective on shares of Caesars Entertainment from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Raymond James reduced their price objective 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. Macquarie lowered their target price on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. JMP Securities reissued a “market outperform” rating and set a $45.00 price target on shares of Caesars Entertainment in a research report on Wednesday, April 30th. Finally, Morgan Stanley lowered their price target on Caesars Entertainment from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.64.

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.