Ossiam Has $50.89 Million Position in Caesars Entertainment, Inc. $CZR

Ossiam raised its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 7,760.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,883,007 shares of the company’s stock after purchasing an additional 1,859,053 shares during the quarter. Caesars Entertainment accounts for approximately 0.7% of Ossiam’s portfolio, making the stock its 22nd largest position. Ossiam owned about 0.92% of Caesars Entertainment worth $50,888,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Capital World Investors grew its holdings in shares of Caesars Entertainment by 29.8% during the third quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock valued at $437,622,000 after buying an additional 3,716,148 shares during the last quarter. State Street Corp lifted its stake in Caesars Entertainment by 0.8% during the 2nd quarter. State Street Corp now owns 7,569,822 shares of the company’s stock valued at $214,907,000 after acquiring an additional 61,065 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in Caesars Entertainment by 3.0% during the 3rd quarter. DAVENPORT & Co LLC now owns 4,320,758 shares of the company’s stock worth $116,768,000 after acquiring an additional 123,865 shares during the last quarter. Norges Bank bought a new stake in shares of Caesars Entertainment in the 2nd quarter worth $79,604,000. Finally, Amundi grew its stake in shares of Caesars Entertainment by 82.1% in the 2nd quarter. Amundi now owns 2,025,951 shares of the company’s stock worth $60,049,000 after acquiring an additional 913,275 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR opened at $28.06 on Friday. The company has a market capitalization of $5.71 billion, a P/E ratio of -11.55 and a beta of 1.94. The company’s 50-day moving average is $22.99 and its 200 day moving average is $23.35. 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.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data 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). The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.05 EPS. On average, equities research analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CZR shares. TD Cowen reissued a “buy” rating on shares of Caesars Entertainment in a research report on Wednesday, January 21st. Barclays reduced their price objective on shares of Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. The Goldman Sachs Group cut shares of Caesars Entertainment from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $25.00 to $24.00 in a research report on Monday, December 15th. JPMorgan Chase & Co. cut their target price on Caesars Entertainment from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Finally, Stifel Nicolaus reduced their target price on Caesars Entertainment from $39.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.65.

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.