Highland Peak Capital LLC Has $9.03 Million Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Highland Peak Capital LLC trimmed its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 60.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 270,316 shares of the company’s stock after selling 408,018 shares during the quarter. Caesars Entertainment accounts for approximately 4.9% of Highland Peak Capital LLC’s portfolio, making the stock its 7th biggest holding. Highland Peak Capital LLC’s holdings in Caesars Entertainment were worth $9,034,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Assetmark Inc. boosted its position in shares of Caesars Entertainment by 8.0% in the third quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock worth $144,000 after purchasing an additional 256 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Caesars Entertainment by 1.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,504 shares of the company’s stock worth $1,287,000 after purchasing an additional 408 shares during the period. Arizona State Retirement System boosted its position in shares of Caesars Entertainment by 0.8% in the fourth quarter. Arizona State Retirement System now owns 62,785 shares of the company’s stock worth $2,098,000 after purchasing an additional 470 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Caesars Entertainment by 0.3% in the third quarter. The Manufacturers Life Insurance Company now owns 168,516 shares of the company’s stock worth $7,034,000 after purchasing an additional 582 shares during the period. Finally, Lebenthal Global Advisors LLC boosted its position in shares of Caesars Entertainment by 5.7% in the fourth quarter. Lebenthal Global Advisors LLC now owns 10,890 shares of the company’s stock worth $364,000 after purchasing an additional 587 shares during the period. 91.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CZR has been the subject of a number of recent analyst reports. JMP Securities dropped their price target 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. Jefferies Financial Group dropped their price target on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. 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. Wells Fargo & Company dropped their target price on shares of Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus dropped their target price on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Three equities research 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. According to MarketBeat.com, Caesars Entertainment currently has an average rating of “Moderate Buy” and an average price target of $50.43.

Caesars Entertainment Price Performance

Caesars Entertainment stock opened at $28.48 on Monday. The company has a market cap of $6.04 billion, a price-to-earnings ratio of -17.05 and a beta of 2.97. The firm’s fifty day moving average is $34.37 and its 200 day moving average is $37.60. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. Caesars Entertainment, Inc. has a 52-week low of $26.92 and a 52-week high of $45.93.

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

Caesars Entertainment 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.