Gabelli Funds LLC Has $5.29 Million Holdings in Caesars Entertainment, Inc. $CZR

Gabelli Funds LLC grew its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 13.7% in the third quarter, Holdings Channel reports. The fund owned 195,729 shares of the company’s stock after acquiring an additional 23,600 shares during the quarter. Gabelli Funds LLC’s holdings in Caesars Entertainment were worth $5,290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Gamco Investors INC. ET AL increased its holdings in Caesars Entertainment by 72.8% in the 3rd quarter. Gamco Investors INC. ET AL now owns 999,162 shares of the company’s stock worth $27,002,000 after purchasing an additional 420,922 shares in the last quarter. Teton Advisors LLC acquired a new stake in shares of Caesars Entertainment during the third quarter valued at about $230,000. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in shares of Caesars Entertainment by 147.6% during the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 26,000 shares of the company’s stock worth $703,000 after purchasing an additional 15,500 shares during the last quarter. Barclays PLC grew its holdings in shares of Caesars Entertainment by 4.5% during the third quarter. Barclays PLC now owns 865,879 shares of the company’s stock worth $23,400,000 after purchasing an additional 37,237 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Caesars Entertainment by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,660,825 shares of the company’s stock valued at $44,897,000 after buying an additional 8,295 shares during the period. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $25.79 on Tuesday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.78 and a current ratio of 0.80. Caesars Entertainment, Inc. has a fifty-two week low of $17.86 and a fifty-two week high of $31.58. The company has a 50 day simple moving average of $22.64 and a two-hundred day simple moving average of $23.27. The company has a market capitalization of $5.25 billion, a PE ratio of -10.61, a P/E/G ratio of 63.28 and a beta of 1.94.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, February 17th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($1.05). Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter last year, the firm posted $0.05 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Research analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CZR has been the topic of several recent research reports. Citizens Jmp cut their target price on shares of Caesars Entertainment from $37.00 to $34.00 and set a “market outperform” rating on the stock in a research report on Wednesday, February 18th. Wells Fargo & Company initiated coverage on shares of Caesars Entertainment in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $21.00 price target for the company. Zacks Research lowered shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 30th. TD Cowen reissued a “buy” rating on shares of Caesars Entertainment in a research note on Wednesday, January 21st. Finally, Citigroup restated a “market outperform” rating on shares of Caesars Entertainment in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.24.

About Caesars Entertainment

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.