Gamco Investors INC. ET AL Increases Stake in Caesars Entertainment, Inc. $CZR

Gamco Investors INC. ET AL increased its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 6.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,067,877 shares of the company’s stock after purchasing an additional 68,715 shares during the period. Gamco Investors INC. ET AL’s holdings in Caesars Entertainment were worth $24,978,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Gabelli Funds LLC increased its stake in shares of Caesars Entertainment by 20.1% during the fourth quarter. Gabelli Funds LLC now owns 235,129 shares of the company’s stock valued at $5,500,000 after buying an additional 39,400 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Caesars Entertainment by 35,370.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,464,518 shares of the company’s stock valued at $57,645,000 after buying an additional 2,457,570 shares during the period. Avantax Planning Partners Inc. increased its stake in shares of Caesars Entertainment by 7.9% during the fourth quarter. Avantax Planning Partners Inc. now owns 24,529 shares of the company’s stock valued at $574,000 after buying an additional 1,788 shares during the period. KLCM Advisors Inc. purchased a new position in shares of Caesars Entertainment during the fourth quarter valued at $234,000. Finally, Wolverine Asset Management LLC increased its stake in shares of Caesars Entertainment by 9.1% during the fourth quarter. Wolverine Asset Management LLC now owns 119,374 shares of the company’s stock valued at $2,792,000 after buying an additional 10,000 shares during the period. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

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

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, April 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. Caesars Entertainment’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.54) EPS. Research analysts anticipate that Caesars Entertainment, Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CZR has been the topic of several research reports. Susquehanna raised their price target on Caesars Entertainment from $32.00 to $34.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Truist Financial raised their price target on Caesars Entertainment from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. TD Cowen restated a “buy” rating on shares of Caesars Entertainment in a research note on Wednesday, January 21st. Wells Fargo & Company lifted their target price on Caesars Entertainment from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus cut their target price on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $33.27.

Caesars Entertainment Company Profile

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.