Lodge Hill Capital LLC Has $22.68 Million Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Lodge Hill Capital LLC grew its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 570,600 shares of the company’s stock after buying an additional 10,000 shares during the period. Caesars Entertainment accounts for about 6.1% of Lodge Hill Capital LLC’s investment portfolio, making the stock its 7th biggest holding. Lodge Hill Capital LLC’s holdings in Caesars Entertainment were worth $22,676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in Caesars Entertainment by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 23,635,788 shares of the company’s stock valued at $1,033,829,000 after acquiring an additional 75,898 shares in the last quarter. Capital Research Global Investors lifted its holdings in Caesars Entertainment by 26.9% in the first quarter. Capital Research Global Investors now owns 15,505,033 shares of the company’s stock worth $678,190,000 after purchasing an additional 3,289,748 shares during the period. Capital World Investors grew its position in Caesars Entertainment by 9.1% in the 4th quarter. Capital World Investors now owns 11,024,448 shares of the company’s stock valued at $516,826,000 after buying an additional 916,282 shares in the last quarter. Janus Henderson Group PLC increased its stake in Caesars Entertainment by 2.5% during the 1st quarter. Janus Henderson Group PLC now owns 9,616,712 shares of the company’s stock valued at $420,633,000 after buying an additional 233,250 shares during the period. Finally, EdgePoint Investment Group Inc. increased its stake in Caesars Entertainment by 35.4% during the 1st quarter. EdgePoint Investment Group Inc. now owns 5,799,067 shares of the company’s stock valued at $253,651,000 after buying an additional 1,515,763 shares during the period. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $41.45 on Friday. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.70 and a quick ratio of 0.68. Caesars Entertainment, Inc. has a one year low of $31.74 and a one year high of $50.51. The business’s 50-day moving average price is $37.00 and its two-hundred day moving average price is $37.90. The company has a market capitalization of $8.97 billion, a P/E ratio of 11.74 and a beta of 2.96.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, July 30th. The company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.68). The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.87 billion. Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. Caesars Entertainment’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 EPS. Analysts anticipate that Caesars Entertainment, Inc. will post 0.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

CZR has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of Caesars Entertainment from $53.00 to $56.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Susquehanna reaffirmed a “negative” rating and set a $33.00 price target on shares of Caesars Entertainment in a research note on Wednesday, July 31st. Jefferies Financial Group lowered their price target on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. StockNews.com lowered Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Morgan Stanley lowered their target price on Caesars Entertainment from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $54.14.

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.