SCP Investment LP Has $20.55 Million Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

SCP Investment LP cut its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 31.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 615,000 shares of the company’s stock after selling 285,000 shares during the quarter. Caesars Entertainment makes up 15.7% of SCP Investment LP’s portfolio, making the stock its 2nd largest position. SCP Investment LP’s holdings in Caesars Entertainment were worth $20,553,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CZR. Bogart Wealth LLC boosted its position in Caesars Entertainment by 1,777.8% during the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after purchasing an additional 800 shares during the last quarter. Quarry LP bought a new stake in shares of Caesars Entertainment during the 3rd quarter worth approximately $68,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Caesars Entertainment in the 4th quarter valued at approximately $73,000. Avior Wealth Management LLC grew its stake in shares of Caesars Entertainment by 12,577.8% in the fourth quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock valued at $76,000 after buying an additional 2,264 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Caesars Entertainment by 219.6% during the fourth quarter. Jones Financial Companies Lllp now owns 3,410 shares of the company’s stock worth $114,000 after buying an additional 2,343 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Susquehanna upgraded shares of Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 price target for the company in a research note on Thursday, March 6th. TD Cowen cut their target price 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. Macquarie lowered their price target 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. Barclays cut their price objective on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company reduced their target price on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Caesars Entertainment presently has an average rating of “Moderate Buy” and an average price target of $50.00.

Caesars Entertainment Trading Down 5.0 %

CZR stock opened at $25.67 on Friday. Caesars Entertainment, Inc. has a 52 week low of $25.43 and a 52 week high of $45.93. The company has a market capitalization of $5.44 billion, a PE ratio of -15.37 and a beta of 2.97. The company’s 50-day simple moving average is $32.79 and its 200 day simple moving average is $36.60. 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 (NASDAQ:CZR) last announced its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.20. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. As a group, sell-side analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

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.