American Assets Investment Management LLC Invests $318,000 in Caesars Entertainment, Inc. (NASDAQ:CZR)

American Assets Investment Management LLC bought a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,519 shares of the company’s stock, valued at approximately $318,000.

A number of other hedge funds also recently modified their holdings of the stock. Assetmark Inc. raised its stake in Caesars Entertainment by 8.0% in the 3rd quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock worth $144,000 after purchasing an additional 256 shares in the last quarter. Atria Investments Inc raised its stake in Caesars Entertainment by 27.4% in the 3rd quarter. Atria Investments Inc now owns 7,919 shares of the company’s stock worth $331,000 after purchasing an additional 1,703 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in Caesars Entertainment by 16.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,147 shares of the company’s stock worth $757,000 after purchasing an additional 2,595 shares in the last quarter. Huntington National Bank raised its stake in Caesars Entertainment by 3,203.8% in the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock worth $36,000 after purchasing an additional 833 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in Caesars Entertainment by 8.1% in the 3rd quarter. CIBC Asset Management Inc now owns 30,217 shares of the company’s stock worth $1,261,000 after purchasing an additional 2,263 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Trading Up 0.0 %

Shares of Caesars Entertainment stock opened at $28.08 on Tuesday. The firm has a market capitalization of $5.95 billion, a PE ratio of -16.81 and a beta of 2.97. 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 firm’s 50 day moving average is $33.71 and its 200 day moving average is $37.18. Caesars Entertainment, Inc. has a 1 year low of $26.42 and a 1 year high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.20. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. Equities research analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Jefferies Financial Group dropped their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. JMP Securities dropped their target price on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. dropped their target price on shares of Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Macquarie dropped their target price on shares of Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Finally, Susquehanna upgraded shares of Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 target price for the company in a research report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Caesars Entertainment currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.43.

About Caesars Entertainment

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.