Legal & General Group Plc reduced its stake in Caesars Entertainment, Inc. (NASDAQ:CZR – Free Report) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 298,573 shares of the company’s stock after selling 20,164 shares during the period. Legal & General Group Plc owned approximately 0.14% of Caesars Entertainment worth $9,978,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of CZR. Invesco Ltd. boosted its stake in Caesars Entertainment by 28.0% during the 4th quarter. Invesco Ltd. now owns 5,553,375 shares of the company’s stock valued at $185,594,000 after purchasing an additional 1,213,426 shares during the last quarter. Federated Hermes Inc. increased its holdings in Caesars Entertainment by 16.6% in the 4th quarter. Federated Hermes Inc. now owns 162,980 shares of the company’s stock worth $5,447,000 after buying an additional 23,178 shares in the last quarter. Russell Investments Group Ltd. raised its position in Caesars Entertainment by 5.0% in the 4th quarter. Russell Investments Group Ltd. now owns 803,138 shares of the company’s stock worth $26,840,000 after buying an additional 38,505 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Caesars Entertainment by 5.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 131,835 shares of the company’s stock valued at $4,406,000 after acquiring an additional 6,779 shares during the period. Finally, Wedbush Securities Inc. boosted its holdings in shares of Caesars Entertainment by 6.4% during the 4th quarter. Wedbush Securities Inc. now owns 18,297 shares of the company’s stock valued at $611,000 after acquiring an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.
Caesars Entertainment Stock Up 3.1 %
CZR opened at $25.52 on Friday. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of -15.28 and a beta of 2.67. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The firm’s fifty day moving average is $29.50 and its 200 day moving average is $34.98. Caesars Entertainment, Inc. has a fifty-two week low of $21.40 and a fifty-two week high of $45.93.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on CZR shares. Susquehanna decreased their price objective on shares of Caesars Entertainment from $30.00 to $23.00 and set a “neutral” rating for the company in a report on Monday. Morgan Stanley lowered their price target on Caesars Entertainment from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday. Wells Fargo & Company reduced their price objective on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Raymond James dropped their target price on Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, March 19th. Finally, Jefferies Financial Group reduced their price target on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.14.
Get Our Latest Analysis on CZR
Caesars Entertainment Company Profile
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.
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