Axxcess Wealth Management LLC Raises Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Axxcess Wealth Management LLC lifted its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 38.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,764 shares of the company’s stock after acquiring an additional 4,122 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Caesars Entertainment were worth $493,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Bogart Wealth LLC increased its holdings in Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after purchasing an additional 800 shares during the period. Quarry LP acquired a new position in shares of Caesars Entertainment during the third quarter worth about $68,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Caesars Entertainment during the fourth quarter worth approximately $73,000. Avior Wealth Management LLC raised its holdings in 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 acquiring an additional 2,264 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Caesars Entertainment by 219.6% in the fourth quarter. Jones Financial Companies Lllp now owns 3,410 shares of the company’s stock worth $114,000 after acquiring an additional 2,343 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Trading Down 3.2 %

NASDAQ CZR opened at $27.36 on Friday. The firm’s fifty day moving average is $33.39 and its two-hundred day moving average is $36.92. Caesars Entertainment, Inc. has a one year low of $26.42 and a one year high of $45.93. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The firm has a market cap of $5.80 billion, a PE ratio of -16.38 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.20. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

CZR has been the topic of a number of analyst reports. Barclays reduced their price objective on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Susquehanna upgraded Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 price target on the stock in a research note on Thursday, March 6th. Jefferies Financial Group lowered 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. Truist Financial cut their target price on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company lowered their price target on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Caesars Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

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.