Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC trimmed its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 186,104 shares of the company’s stock after selling 7,677 shares during the quarter. Calamos Advisors LLC owned 0.09% of Caesars Entertainment worth $6,220,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Osborne Partners Capital Management LLC grew its holdings in shares of Caesars Entertainment by 1.9% in the 4th quarter. Osborne Partners Capital Management LLC now owns 331,944 shares of the company’s stock worth $11,094,000 after acquiring an additional 6,102 shares during the last quarter. DAVENPORT & Co LLC increased its stake in Caesars Entertainment by 5,639.8% in the 4th quarter. DAVENPORT & Co LLC now owns 303,691 shares of the company’s stock worth $10,149,000 after purchasing an additional 298,400 shares in the last quarter. Lebenthal Global Advisors LLC raised its holdings in Caesars Entertainment by 5.7% during the 4th quarter. Lebenthal Global Advisors LLC now owns 10,890 shares of the company’s stock worth $364,000 after buying an additional 587 shares during the period. KBC Group NV lifted its stake in Caesars Entertainment by 26.9% during the fourth quarter. KBC Group NV now owns 9,496 shares of the company’s stock valued at $317,000 after buying an additional 2,011 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Caesars Entertainment by 4.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 53,170 shares of the company’s stock worth $1,777,000 after buying an additional 2,328 shares during the period. Institutional investors and hedge funds own 91.79% of the company’s stock.

Analyst Ratings Changes

CZR has been the subject of several research analyst reports. Truist Financial reduced their price target on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Morgan Stanley raised their target price on Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus dropped their price target on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group decreased their price objective on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Finally, TD Cowen dropped their target price on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.21.

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR opened at $36.13 on Wednesday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The stock has a market capitalization of $7.68 billion, a P/E ratio of -21.63 and a beta of 2.90. The business has a 50-day moving average of $34.88 and a two-hundred day moving average of $37.74. Caesars Entertainment, Inc. has a fifty-two week low of $30.78 and a fifty-two week high of $45.93.

About Caesars Entertainment

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.