Rhumbline Advisers Sells 25,818 Shares of Caesars Entertainment, Inc. $CZR

Rhumbline Advisers cut its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 6.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 383,509 shares of the company’s stock after selling 25,818 shares during the quarter. Rhumbline Advisers’ holdings in Caesars Entertainment were worth $10,364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Caesars Entertainment in the second quarter valued at approximately $79,604,000. Nomura Holdings Inc. raised its holdings in Caesars Entertainment by 654.5% during the 2nd quarter. Nomura Holdings Inc. now owns 1,787,505 shares of the company’s stock valued at $50,747,000 after acquiring an additional 1,550,589 shares during the period. Marshall Wace LLP purchased a new stake in shares of Caesars Entertainment during the second quarter worth $35,391,000. Amundi boosted its holdings in shares of Caesars Entertainment by 82.1% in the second quarter. Amundi now owns 2,025,951 shares of the company’s stock worth $60,049,000 after acquiring an additional 913,275 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Caesars Entertainment by 106.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,599,273 shares of the company’s stock valued at $39,982,000 after purchasing an additional 826,356 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CZR shares. Citigroup restated a “market outperform” rating on shares of Caesars Entertainment in a research note on Monday, December 1st. Jefferies Financial Group downgraded shares of Caesars Entertainment from a “buy” rating to a “hold” rating and lowered their price target for the stock from $39.00 to $22.00 in a report on Tuesday, November 4th. Truist Financial cut their price objective on shares of Caesars Entertainment from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday. Wells Fargo & Company assumed coverage on shares of Caesars Entertainment in a report on Tuesday, November 18th. They set an “equal weight” rating and a $21.00 target price on the stock. Finally, Susquehanna raised shares of Caesars Entertainment from a “neutral” rating to a “positive” rating and raised their price target for the company from $25.00 to $31.00 in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Caesars Entertainment presently has an average rating of “Moderate Buy” and an average price target of $33.35.

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR opened at $21.23 on Friday. The company’s fifty day moving average price is $22.67 and its 200-day moving average price is $23.36. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.80 and a quick ratio of 0.76. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of -8.74, a PEG ratio of 225.17 and a beta of 2.03. Caesars Entertainment, Inc. has a one year low of $17.86 and a one year high of $38.08.

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 the consensus estimate 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 revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 earnings per share. On average, equities research analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Key Headlines Impacting Caesars Entertainment

Here are the key news stories impacting Caesars Entertainment this week:

• Positive Sentiment: Six analysts reiterated/firmed up bullish ratings, which helped spark a recent rally and shows some investors and sell‑side firms still see upside. MSN: Caesars climbs as analysts firm up bullish ratings
• Positive Sentiment: Traders purchased a large volume of call options, signaling speculative bullish positioning that can amplify upside on positive catalysts or squeeze. American Banking News: Traders purchase large volume of call options
• Positive Sentiment: Recent media coverage highlighted a sharp intraday surge, keeping CZR on investors’ radar and increasing trading interest/volume. Yahoo Finance video: Caesars stock surges
• Neutral Sentiment: A Yahoo piece flagged potential near‑term weakness in Las Vegas unit performance but suggested analysts still see longer‑term upside — a mixed signal that implies near‑term revenue/headwind risks but not a permanent downgrade to the story. Yahoo: Near-term Las Vegas weakness but long-term upside
• Neutral Sentiment: Short‑interest posts in the data feed show 0 shares and NaN changes for mid‑February — this appears to be a data reporting issue rather than meaningful new shorting activity, so it should not be treated as a material signal until corrected.
• Negative Sentiment: Several major broker teams trimmed expectations or cut price targets (Truist cut its target to $29; Barclays lowered its target to $35; Stifel and JPMorgan also reduced expectations). Those moves increase selling pressure and weigh on sentiment. Truist lowers PT to $29 Barclays lowers PT to $35 Stifel lowers expectations JPMorgan lowers expectations
• Negative Sentiment: An institutional manager (Vision One Management) trimmed its stake by about 300,000 shares in Q4, a meaningful sale that can add downward pressure and signal reduced conviction from some shareholders. Fool: Fund slashes stake by 300,000 shares
• Negative Sentiment: Most recent quarterly results (Feb. 17) missed consensus on EPS and showed negative margins — a fundamental disappointment that remains a primary reason analysts and investors are cautious. (Earnings release and estimates are the likely anchor behind the downgrades noted above.)

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.