Capital World Investors lowered its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR – Free Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,548,985 shares of the company’s stock after selling 644,085 shares during the period. Capital World Investors owned approximately 0.08% of Caesars Entertainment worth $363,693,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. WINTON GROUP Ltd bought a new stake in shares of Caesars Entertainment in the fourth quarter valued at approximately $1,843,000. Parallel Advisors LLC raised its position in shares of Caesars Entertainment by 192.6% in the fourth quarter. Parallel Advisors LLC now owns 3,748 shares of the company’s stock valued at $88,000 after purchasing an additional 2,467 shares during the period. SCP Investment LP raised its position in shares of Caesars Entertainment by 10.0% in the fourth quarter. SCP Investment LP now owns 605,000 shares of the company’s stock valued at $14,151,000 after purchasing an additional 55,000 shares during the period. Natixis Advisors LLC raised its position in shares of Caesars Entertainment by 132.7% in the fourth quarter. Natixis Advisors LLC now owns 27,391 shares of the company’s stock valued at $641,000 after purchasing an additional 15,622 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its position in shares of Caesars Entertainment by 31.3% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 308,496 shares of the company’s stock valued at $7,216,000 after purchasing an additional 73,545 shares during the period. Institutional investors own 91.79% of the company’s stock.
Caesars Entertainment Stock Performance
Caesars Entertainment stock opened at $29.32 on Tuesday. The firm’s 50 day simple moving average is $27.61 and its 200 day simple moving average is $24.94. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 3.25. The firm has a market capitalization of $5.97 billion, a PE ratio of -12.37 and a beta of 1.77. Caesars Entertainment, Inc. has a 1-year low of $17.86 and a 1-year high of $31.58.
Insider Buying and Selling
In other Caesars Entertainment news, Director Michael E. Pegram sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $29.20, for a total value of $1,606,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.18% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on CZR shares. Stifel Nicolaus lowered their price target on shares of Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Morgan Stanley upped their target price on shares of Caesars Entertainment from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Truist Financial lowered shares of Caesars Entertainment from a “buy” rating to a “hold” rating and decreased their target price for the stock from $32.00 to $31.00 in a report on Friday, May 29th. Jefferies Financial Group upped their target price on shares of Caesars Entertainment from $24.00 to $26.00 and gave the stock a “hold” rating in a report on Monday, April 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Caesars Entertainment in a report on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Caesars Entertainment currently has an average rating of “Hold” and an average price target of $32.80.
Read Our Latest Research Report on Caesars Entertainment
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.
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