Mizuho Markets Americas LLC Grows Stock Position in Caesars Entertainment, Inc. $CZR

Mizuho Markets Americas LLC boosted its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 166.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,600,000 shares of the company’s stock after buying an additional 1,000,000 shares during the period. Mizuho Markets Americas LLC’s holdings in Caesars Entertainment were worth $37,424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CZR. Hantz Financial Services Inc. lifted its holdings in shares of Caesars Entertainment by 110.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock worth $26,000 after acquiring an additional 510 shares during the period. Sunbelt Securities Inc. boosted its position in shares of Caesars Entertainment by 181.6% in the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock worth $28,000 after acquiring an additional 672 shares during the last quarter. CoreCap Advisors LLC grew its holdings in Caesars Entertainment by 44.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock valued at $37,000 after purchasing an additional 488 shares during the period. Stance Capital LLC acquired a new position in Caesars Entertainment during the third quarter worth approximately $43,000. Finally, Zions Bancorporation National Association UT increased its position in Caesars Entertainment by 5,384.4% during the third quarter. Zions Bancorporation National Association UT now owns 1,755 shares of the company’s stock worth $47,000 after purchasing an additional 1,723 shares during the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

CZR opened at $28.47 on Friday. Caesars Entertainment, Inc. has a 52-week low of $17.86 and a 52-week high of $31.58. The company has a 50 day moving average of $27.21 and a two-hundred day moving average of $24.21. The company has a market cap of $5.80 billion, a P/E ratio of -12.01 and a beta of 1.77. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.25.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, April 28th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.54) EPS. On average, analysts expect that Caesars Entertainment, Inc. will post -0.36 earnings per share for the current year.

Wall Street Analyst Weigh In

CZR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Caesars Entertainment from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Morgan Stanley increased their target price on Caesars Entertainment from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Barclays lowered their price target on Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Caesars Entertainment in a research note on Monday. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Caesars Entertainment has an average rating of “Hold” and an average price target of $33.27.

Caesars Entertainment Profile

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.