Avantax Planning Partners Inc. Has $760,000 Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Avantax Planning Partners Inc. raised its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 40.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 22,741 shares of the company’s stock after purchasing an additional 6,506 shares during the period. Avantax Planning Partners Inc.’s holdings in Caesars Entertainment were worth $760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Villere ST Denis J & Co. LLC grew its holdings in shares of Caesars Entertainment by 6.2% during the 4th quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company’s stock worth $26,877,000 after purchasing an additional 47,294 shares in the last quarter. Guyasuta Investment Advisors Inc. acquired a new stake in shares of Caesars Entertainment during the 4th quarter worth $385,000. Wellington Management Group LLP grew its holdings in shares of Caesars Entertainment by 4.5% during the 3rd quarter. Wellington Management Group LLP now owns 113,405 shares of the company’s stock worth $4,734,000 after purchasing an additional 4,840 shares in the last quarter. Key Colony Management LLC acquired a new stake in shares of Caesars Entertainment during the 4th quarter worth $6,350,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Caesars Entertainment by 40.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,550 shares of the company’s stock worth $779,000 after purchasing an additional 6,778 shares in the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Price Performance

Caesars Entertainment stock opened at $27.84 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $5.90 billion, a PE ratio of -16.67 and a beta of 2.97. Caesars Entertainment, Inc. has a 12 month low of $26.84 and a 12 month high of $45.93. The stock has a 50-day moving average price of $34.15 and a two-hundred day moving average price of $37.46.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data 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 return on equity of 4.44% and a negative net margin of 3.20%. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. Analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. JMP Securities reduced their target price on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a report on Thursday, January 16th. Jefferies Financial Group dropped their price objective on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. dropped their price objective on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Truist Financial dropped their price objective on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company dropped their price objective on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Caesars Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $50.43.

Caesars Entertainment 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.