Villere ST Denis J & Co. LLC Has $22.41 Million Holdings in Caesars Entertainment, Inc. $CZR

Villere ST Denis J & Co. LLC lessened its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 789,267 shares of the company’s stock after selling 19,365 shares during the period. Caesars Entertainment accounts for about 2.2% of Villere ST Denis J & Co. LLC’s investment portfolio, making the stock its 26th biggest holding. Villere ST Denis J & Co. LLC owned approximately 0.38% of Caesars Entertainment worth $22,407,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. DAVENPORT & Co LLC raised its holdings in Caesars Entertainment by 1,051.1% in the 1st quarter. DAVENPORT & Co LLC now owns 3,495,915 shares of the company’s stock worth $87,399,000 after acquiring an additional 3,192,224 shares during the period. Hein Park Capital Management LP bought a new position in Caesars Entertainment in the 1st quarter worth $60,492,000. HG Vora Capital Management LLC raised its holdings in Caesars Entertainment by 73.3% in the 1st quarter. HG Vora Capital Management LLC now owns 3,900,000 shares of the company’s stock worth $97,500,000 after acquiring an additional 1,650,000 shares during the period. Duquesne Family Office LLC bought a new position in Caesars Entertainment in the 1st quarter worth $38,711,000. Finally, Royal Bank of Canada raised its holdings in Caesars Entertainment by 477.7% in the 1st quarter. Royal Bank of Canada now owns 1,833,567 shares of the company’s stock worth $45,839,000 after acquiring an additional 1,516,153 shares during the period. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $21.86 on Friday. Caesars Entertainment, Inc. has a 12-month low of $21.40 and a 12-month high of $45.93. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 6.08. The firm has a market capitalization of $4.55 billion, a PE ratio of -23.76 and a beta of 2.38. The firm has a 50-day moving average price of $25.66 and a 200 day moving average price of $26.98.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, July 29th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.46). Caesars Entertainment had a negative return on equity of 4.55% and a negative net margin of 1.71%.The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period last year, the company earned ($0.56) EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Research analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on CZR shares. Macquarie dropped their target price on shares of Caesars Entertainment from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, July 30th. Morgan Stanley dropped their target price on shares of Caesars Entertainment from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 6th. Cfra reiterated a “hold” rating and issued a $50.00 target price on shares of Caesars Entertainment in a report on Friday, July 11th. JPMorgan Chase & Co. upped their price objective on shares of Caesars Entertainment from $47.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, July 22nd. Finally, Truist Financial cut their price objective on shares of Caesars Entertainment from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.20.

About Caesars Entertainment

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.