Malaga Cove Capital LLC Makes New $365,000 Investment in Caesars Entertainment, Inc. (NASDAQ:CZR)

Malaga Cove Capital LLC purchased a new position in Caesars Entertainment, Inc. (NASDAQ:CZR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,929 shares of the company’s stock, valued at approximately $365,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CZR. Czech National Bank lifted its holdings in Caesars Entertainment by 4.6% during the 4th quarter. Czech National Bank now owns 46,079 shares of the company’s stock valued at $1,540,000 after purchasing an additional 2,009 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Caesars Entertainment by 383.1% during the 4th 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 last quarter. Key Colony Management LLC bought a new position in Caesars Entertainment during the 4th quarter valued at about $6,350,000. Aspire Private Capital LLC lifted its holdings in Caesars Entertainment by 48.3% during the 4th quarter. Aspire Private Capital LLC now owns 7,683 shares of the company’s stock valued at $257,000 after purchasing an additional 2,503 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in Caesars Entertainment by 12,577.8% during the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock valued at $76,000 after purchasing an additional 2,264 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CZR shares. JMP Securities reaffirmed a “market outperform” rating and issued a $45.00 target price on shares of Caesars Entertainment in a research note on Wednesday, April 30th. Wells Fargo & Company dropped their target price on shares of Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Morgan Stanley dropped their target price on shares of Caesars Entertainment from $30.00 to $29.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Stifel Nicolaus dropped their target price on shares of Caesars Entertainment from $51.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Finally, TD Cowen dropped their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.77.

Caesars Entertainment Stock Up 0.6%

Shares of NASDAQ CZR opened at $30.69 on Thursday. The stock has a market cap of $6.38 billion, a P/E ratio of -18.38 and a beta of 2.51. The firm has a 50 day moving average price of $26.80 and a 200 day moving average price of $32.84. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment, Inc. has a 52-week low of $21.40 and a 52-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 analysts’ consensus estimates of ($0.19) by ($0.35). The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.73) EPS. Analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Caesars Entertainment Company 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.