Proficio Capital Partners LLC Buys New Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Proficio Capital Partners LLC purchased a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,304 shares of the company’s stock, valued at approximately $478,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bogart Wealth LLC lifted its stake in shares of 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 buying an additional 800 shares during the last quarter. Quarry LP bought a new position in Caesars Entertainment in the 3rd quarter valued at about $68,000. Steward Partners Investment Advisory LLC acquired a new stake in Caesars Entertainment during the fourth quarter worth approximately $73,000. Avior Wealth Management LLC boosted its holdings in shares of Caesars Entertainment by 12,577.8% during the fourth quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock worth $76,000 after acquiring an additional 2,264 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Caesars Entertainment by 219.6% during 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 period. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR opened at $28.13 on Tuesday. 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 stock has a market capitalization of $5.96 billion, a PE ratio of -16.84 and a beta of 2.97. The firm has a 50 day moving average of $33.31 and a 200-day moving average of $36.86. Caesars Entertainment, Inc. has a 12 month low of $26.42 and a 12 month high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. On average, equities research analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CZR. Macquarie lowered their target price on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Truist Financial lowered their price objective 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. TD Cowen reduced their target price on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Barclays decreased their price target on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Finally, JMP Securities dropped their price objective on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $50.00.

Caesars Entertainment Company 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.