Caesars Entertainment Co. (NASDAQ:CZR) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New lessened its stake in Caesars Entertainment Co. (NASDAQ:CZR) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,914 shares of the company’s stock after selling 1,133 shares during the quarter. Cigna Investments Inc. New’s holdings in Caesars Entertainment were worth $203,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HM Capital Management LLC lifted its holdings in shares of Caesars Entertainment by 0.6% during the 3rd quarter. HM Capital Management LLC now owns 172,884 shares of the company’s stock valued at $2,016,000 after acquiring an additional 1,054 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Caesars Entertainment by 1.1% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 103,090 shares of the company’s stock valued at $1,402,000 after acquiring an additional 1,130 shares in the last quarter. NEXT Financial Group Inc lifted its holdings in shares of Caesars Entertainment by 74.9% during the 4th quarter. NEXT Financial Group Inc now owns 3,026 shares of the company’s stock valued at $41,000 after acquiring an additional 1,296 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Caesars Entertainment by 1.0% during the 4th quarter. Louisiana State Employees Retirement System now owns 135,000 shares of the company’s stock valued at $1,836,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Caesars Entertainment by 10.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 32,455 shares of the company’s stock valued at $441,000 after acquiring an additional 3,000 shares in the last quarter.

In related news, CAO Keith Causey sold 5,605 shares of Caesars Entertainment stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $13.08, for a total transaction of $73,313.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas M. Benninger sold 9,000 shares of Caesars Entertainment stock in a transaction on Monday, November 25th. The stock was sold at an average price of $13.10, for a total transaction of $117,900.00. Following the sale, the director now directly owns 28,960 shares in the company, valued at approximately $379,376. The disclosure for this sale can be found here. Insiders have sold a total of 133,273 shares of company stock worth $1,736,271 in the last ninety days. 0.51% of the stock is currently owned by insiders.

CZR has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Caesars Entertainment from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, January 22nd. TheStreet lowered shares of Caesars Entertainment from a “c-” rating to a “d+” rating in a report on Tuesday, October 29th. Morgan Stanley lifted their target price on shares of Caesars Entertainment from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. UBS Group lifted their target price on shares of Caesars Entertainment from $12.00 to $13.75 and gave the company a “neutral” rating in a report on Friday, January 10th. Finally, BidaskClub lowered shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Caesars Entertainment presently has an average rating of “Hold” and an average price target of $13.36.

Caesars Entertainment stock opened at $14.59 on Friday. Caesars Entertainment Co. has a 12-month low of $8.00 and a 12-month high of $14.60. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of -13.64 and a beta of 1.25. The company has a debt-to-equity ratio of 7.52, a current ratio of 1.27 and a quick ratio of 1.26. The firm’s fifty day moving average price is $13.75 and its 200 day moving average price is $12.59.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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Institutional Ownership by Quarter for Caesars Entertainment (NASDAQ:CZR)

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