American Assets Capital Advisers LLC Acquires 86,009 Shares of Caesars Entertainment, Inc. $CZR

American Assets Capital Advisers LLC lifted its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 102.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 170,109 shares of the company’s stock after buying an additional 86,009 shares during the period. Caesars Entertainment comprises about 4.9% of American Assets Capital Advisers LLC’s portfolio, making the stock its 7th biggest holding. American Assets Capital Advisers LLC’s holdings in Caesars Entertainment were worth $4,597,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. AQR Capital Management LLC raised its stake in Caesars Entertainment by 47.7% during the first quarter. AQR Capital Management LLC now owns 39,297 shares of the company’s stock worth $953,000 after acquiring an additional 12,698 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Caesars Entertainment by 8.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,830 shares of the company’s stock worth $496,000 after purchasing an additional 1,623 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Caesars Entertainment by 106.9% in the 1st 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 during the last quarter. Woodline Partners LP boosted its position in Caesars Entertainment by 40.7% in the first quarter. Woodline Partners LP now owns 17,952 shares of the company’s stock valued at $449,000 after buying an additional 5,192 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Caesars Entertainment by 0.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 506,585 shares of the company’s stock worth $12,665,000 after buying an additional 3,198 shares during the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CZR has been the subject of a number of research reports. Zacks Research cut Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 30th. Morgan Stanley dropped their target price on Caesars Entertainment from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, January 16th. Susquehanna upgraded Caesars Entertainment from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $25.00 to $31.00 in a report on Thursday, January 8th. Wall Street Zen lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Caesars Entertainment from $50.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.61.

Caesars Entertainment Price Performance

Caesars Entertainment stock opened at $20.59 on Tuesday. The stock’s 50 day moving average is $23.53 and its 200 day moving average is $24.10. Caesars Entertainment, Inc. has a one year low of $18.25 and a one year high of $40.00. The firm has a market cap of $4.20 billion, a P/E ratio of -17.90, a P/E/G ratio of 5.62 and a beta of 2.03. The company has a debt-to-equity ratio of 6.23, a current ratio of 0.78 and a quick ratio of 0.76.

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.