Penn Capital Management Company LLC Raises Stake in Caesars Entertainment, Inc. $CZR

Penn Capital Management Company LLC boosted its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 26.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 759,842 shares of the company’s stock after acquiring an additional 158,782 shares during the period. Caesars Entertainment accounts for about 1.4% of Penn Capital Management Company LLC’s investment portfolio, making the stock its 16th largest holding. Penn Capital Management Company LLC owned about 0.37% of Caesars Entertainment worth $17,820,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CZR. Hantz Financial Services Inc. lifted its position in Caesars Entertainment by 110.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock valued at $26,000 after acquiring an additional 510 shares during the period. Sunbelt Securities Inc. lifted 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 acquiring an additional 672 shares during the period. CoreCap Advisors LLC lifted 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 acquiring an additional 488 shares during the period. Stance Capital LLC purchased a new position in Caesars Entertainment during the 3rd quarter valued at about $43,000. Finally, Zions Bancorporation National Association UT lifted its position in Caesars Entertainment by 5,384.4% during the 3rd 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. 91.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CZR. Barclays lowered their price target on shares of Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Citizens Jmp raised their price objective on shares of Caesars Entertainment from $34.00 to $35.00 and gave the company a “market outperform” rating in a research note on Wednesday, April 29th. Wells Fargo & Company raised their price objective on shares of Caesars Entertainment from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. reduced their price objective on shares of Caesars Entertainment from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Nine investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Caesars Entertainment currently has an average rating of “Hold” and a consensus price target of $33.27.

Caesars Entertainment Stock Down 0.3%

NASDAQ:CZR opened at $28.38 on Wednesday. The firm has a market cap of $5.78 billion, a P/E ratio of -11.97 and a beta of 1.77. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.83 and a current ratio of 0.85. Caesars Entertainment, Inc. has a fifty-two week low of $17.86 and a fifty-two week high of $31.58. The firm has a 50-day simple moving average of $27.22 and a two-hundred day simple moving average of $24.36.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, April 28th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.85 billion. Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.54) earnings per share. Analysts predict that Caesars Entertainment, Inc. will post -0.36 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.