Gabelli Funds LLC Buys 39,400 Shares of Caesars Entertainment, Inc. $CZR

Gabelli Funds LLC raised its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 20.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 235,129 shares of the company’s stock after purchasing an additional 39,400 shares during the quarter. Gabelli Funds LLC’s holdings in Caesars Entertainment were worth $5,500,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hantz Financial Services Inc. raised its position 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 valued at $26,000 after acquiring an additional 510 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of Caesars Entertainment by 181.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after acquiring an additional 672 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of Caesars Entertainment by 44.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock valued at $37,000 after acquiring an additional 488 shares during the last quarter. Stance Capital LLC bought a new stake in shares of Caesars Entertainment during the 3rd quarter valued at $43,000. Finally, Zions Bancorporation National Association UT raised its position in shares of Caesars Entertainment by 5,384.4% during the 3rd quarter. Zions Bancorporation National Association UT now owns 1,755 shares of the company’s stock valued at $47,000 after acquiring an additional 1,723 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CZR shares. Wells Fargo & Company boosted their price target on shares of Caesars Entertainment from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Morgan Stanley boosted their price target on shares of Caesars Entertainment from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Caesars Entertainment in a report on Monday. Finally, Stifel Nicolaus decreased their price target on shares of Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Caesars Entertainment presently has a consensus rating of “Hold” and a consensus target price of $33.27.

Caesars Entertainment Trading Up 0.2%

Shares of NASDAQ:CZR opened at $27.55 on Thursday. The company’s 50-day moving average price is $27.18 and its two-hundred day moving average price is $24.12. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.85 and a quick ratio of 0.83. Caesars Entertainment, Inc. has a one year low of $17.86 and a one year high of $31.58. The stock has a market capitalization of $5.61 billion, a PE ratio of -11.62 and a beta of 1.77.

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

Caesars Entertainment Company 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.