Caesars Entertainment, Inc. $CZR Stake Boosted by SCP Investment LP

SCP Investment LP grew its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 605,000 shares of the company’s stock after purchasing an additional 55,000 shares during the quarter. Caesars Entertainment makes up approximately 11.6% of SCP Investment LP’s portfolio, making the stock its 2nd biggest position. SCP Investment LP owned 0.30% of Caesars Entertainment worth $14,151,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in CZR. Hantz Financial Services Inc. increased its stake in shares of Caesars Entertainment by 110.6% in the third quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock worth $26,000 after buying an additional 510 shares during the period. Sunbelt Securities Inc. boosted its position in Caesars Entertainment by 181.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after buying an additional 672 shares during the period. CoreCap Advisors LLC boosted its position in Caesars Entertainment by 44.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock valued at $37,000 after buying an additional 488 shares during the period. Stance Capital LLC bought a new stake in Caesars Entertainment in the 3rd quarter worth $43,000. Finally, Zions Bancorporation National Association UT increased its position in shares of Caesars Entertainment by 5,384.4% in the third quarter. Zions Bancorporation National Association UT now owns 1,755 shares of the company’s stock valued at $47,000 after acquiring an additional 1,723 shares during the period. Institutional investors own 91.79% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on CZR shares. Texas Capital cut Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Monday. Morgan Stanley increased their price objective on Caesars Entertainment from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Wells Fargo & Company lifted their price objective on Caesars Entertainment from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Macquarie Infrastructure cut Caesars Entertainment from an “outperform” rating to a “neutral” rating in a research note on Monday. Finally, Stifel Nicolaus decreased their target price on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $32.80.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $29.22 on Wednesday. Caesars Entertainment, Inc. has a 1 year low of $17.86 and a 1 year high of $31.58. The stock has a market capitalization of $5.95 billion, a P/E ratio of -12.33 and a beta of 1.77. The company’s 50-day moving average is $27.35 and its 200 day moving average is $24.62. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.85 and a quick ratio of 0.83.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, April 28th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.24). Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the firm posted ($0.54) earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts expect that Caesars Entertainment, Inc. will post -0.49 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.