Contrarian Capital Management L.L.C. Purchases 26,000 Shares of Caesars Entertainment, Inc. $CZR

Contrarian Capital Management L.L.C. grew its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 21.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145,500 shares of the company’s stock after purchasing an additional 26,000 shares during the quarter. Caesars Entertainment makes up about 1.0% of Contrarian Capital Management L.L.C.’s portfolio, making the stock its 13th largest position. Contrarian Capital Management L.L.C.’s holdings in Caesars Entertainment were worth $3,932,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CZR. AQR Capital Management LLC raised its stake in Caesars Entertainment by 47.7% during the first quarter. AQR Capital Management LLC now owns 39,297 shares of the company’s stock worth $953,000 after buying an additional 12,698 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Caesars Entertainment by 8.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,830 shares of the company’s stock worth $496,000 after acquiring an additional 1,623 shares during the period. Goldman Sachs Group Inc. grew its holdings in Caesars Entertainment by 106.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,599,273 shares of the company’s stock worth $39,982,000 after acquiring an additional 826,356 shares during the period. Woodline Partners LP raised its position in shares of Caesars Entertainment by 40.7% in the 1st quarter. Woodline Partners LP now owns 17,952 shares of the company’s stock worth $449,000 after acquiring an additional 5,192 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Caesars Entertainment by 0.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 506,585 shares of the company’s stock valued at $12,665,000 after purchasing an additional 3,198 shares during the period. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wells Fargo & Company began coverage on Caesars Entertainment in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $21.00 target price for the company. Stifel Nicolaus dropped their price target on Caesars Entertainment from $39.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. The Goldman Sachs Group downgraded shares of Caesars Entertainment from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $25.00 to $24.00 in a research report on Monday, December 15th. Morgan Stanley lowered their price objective on shares of Caesars Entertainment from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. Finally, Citigroup reiterated a “market outperform” rating on shares of Caesars Entertainment in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.24.

Key Stories Impacting Caesars Entertainment

Here are the key news stories impacting Caesars Entertainment this week:

• Positive Sentiment: Reports say Tilman Fertitta is in exclusive talks to buy Caesars for about $7 billion after topping a competing bid, creating takeover speculation and a likely acquisition premium versus the company’s market cap. Tilman Fertitta in talks to buy Caesars – Reuters Tilman Fertitta in Talks to Buy Caesars – WSJ Caesars stock jumps on takeover talk – Investing.com
• Positive Sentiment: Unusual options activity: traders purchased ~38,587 call options in one day (≈+207% vs normal), signaling bullish positioning that can amplify upside and volatility if those buyers push for shares or hedging occurs.
• Positive Sentiment: February short interest fell from ~34.78M to ~30.54M shares (a ~12% decline), representing about 15.2% of the float — lower short exposure can reduce downside pressure and make upward moves more sustainable.
• Neutral Sentiment: A regulatory LULD (limit up / limit down) trading pause was triggered in the afternoon, indicating elevated intraday volatility but not signaling fundamental change.
• Neutral Sentiment: March short-interest entries in some feeds show 0 shares (and NaN changes) for March 10–11; this appears to be a data/reporting anomaly and should be treated as unreliable until official clears are posted.

Caesars Entertainment Stock Performance

Shares of Caesars Entertainment stock opened at $29.07 on Thursday. The business has a 50-day simple moving average of $22.80 and a 200 day simple moving average of $23.31. Caesars Entertainment, Inc. has a one year low of $17.86 and a one year high of $31.58. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.80 and a quick ratio of 0.78. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of -11.96, a PEG ratio of 62.35 and a beta of 1.94.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($1.05). Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the company posted $0.05 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. On average, research analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Caesars Entertainment 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.