Guyasuta Investment Advisors Inc. Purchases Shares of 11,530 Caesars Entertainment, Inc. (NASDAQ:CZR)

Guyasuta Investment Advisors Inc. bought a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 11,530 shares of the company's stock, valued at approximately $385,000.

A number of other institutional investors also recently modified their holdings of the business. Signaturefd LLC boosted its position in Caesars Entertainment by 9.8% in the third quarter. Signaturefd LLC now owns 2,788 shares of the company's stock valued at $116,000 after buying an additional 248 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Caesars Entertainment by 8.0% in the 3rd quarter. Assetmark Inc. now owns 3,447 shares of the company's stock valued at $144,000 after acquiring an additional 256 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Caesars Entertainment by 3.0% during the 3rd quarter. Private Advisor Group LLC now owns 10,850 shares of the company's stock valued at $453,000 after acquiring an additional 317 shares in the last quarter. Fiduciary Family Office LLC grew its position in Caesars Entertainment by 1.7% during the 3rd quarter. Fiduciary Family Office LLC now owns 25,215 shares of the company's stock worth $1,052,000 after acquiring an additional 424 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Caesars Entertainment by 0.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 168,516 shares of the company's stock worth $7,034,000 after purchasing an additional 582 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company's stock.

Caesars Entertainment Stock Down 3.9 %

Shares of CZR stock traded down $1.56 on Wednesday, reaching $37.97. 4,276,400 shares of the company were exchanged, compared to its average volume of 4,419,434. The company has a market cap of $8.07 billion, a price-to-earnings ratio of -22.74 and a beta of 2.90. The company has a 50-day moving average of $34.76 and a 200-day moving average of $37.82. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. Caesars Entertainment, Inc. has a one year low of $30.78 and a one year high of $45.93.

Analyst Upgrades and Downgrades

CZR has been the topic of a number of recent research reports. Barclays cut their price target on Caesars Entertainment from $57.00 to $55.00 and set an "overweight" rating on the stock in a research note on Friday, December 13th. Truist Financial cut their target price on shares of Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Jefferies Financial Group decreased 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. JPMorgan Chase & Co. cut their price target on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating on the stock in a report on Friday, January 3rd. Finally, Morgan Stanley increased their price objective on Caesars Entertainment from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Caesars Entertainment currently has a consensus rating of "Moderate Buy" and an average target price of $51.21.

Caesars Entertainment 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.