Caesars Entertainment, Inc. $CZR Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 35,370.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,464,518 shares of the company’s stock after purchasing an additional 2,457,570 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 1.21% of Caesars Entertainment worth $57,645,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Capital World Investors grew its holdings in Caesars Entertainment by 29.8% during the third quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock worth $437,622,000 after acquiring an additional 3,716,148 shares during the period. Assenagon Asset Management S.A. grew its holdings in Caesars Entertainment by 317.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,274,430 shares of the company’s stock worth $76,589,000 after acquiring an additional 2,490,924 shares during the period. Ossiam grew its holdings in Caesars Entertainment by 7,760.9% during the third quarter. Ossiam now owns 1,883,007 shares of the company’s stock worth $50,888,000 after acquiring an additional 1,859,053 shares during the period. Alyeska Investment Group L.P. grew its holdings in Caesars Entertainment by 315.1% during the third quarter. Alyeska Investment Group L.P. now owns 1,946,099 shares of the company’s stock worth $52,593,000 after acquiring an additional 1,477,284 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Caesars Entertainment during the third quarter worth about $29,070,000. 91.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CZR. Deutsche Bank Aktiengesellschaft lowered their target price on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Wells Fargo & Company lifted their target price on Caesars Entertainment from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Caesars Entertainment in a report on Wednesday, January 21st. JPMorgan Chase & Co. lowered their target price on Caesars Entertainment from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Finally, 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 note on Wednesday, April 29th. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $33.27.

Caesars Entertainment Stock Performance

Shares of CZR opened at $27.80 on Monday. The business’s 50-day moving average price is $27.10 and its 200 day moving average price is $23.96. The stock has a market capitalization of $5.66 billion, a P/E ratio of -11.73 and a beta of 1.77. Caesars Entertainment, Inc. has a 1-year low of $17.86 and a 1-year high of $31.58. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 3.25.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results 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 return on equity of 7.88% and a negative net margin of 4.19%.The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the prior year, the business posted ($0.54) EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts expect that Caesars Entertainment, Inc. will post -0.36 earnings per share 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.