Calamos Advisors LLC Has $6.22 Million Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Calamos Advisors LLC trimmed its stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 186,104 shares of the company's stock after selling 7,677 shares during the quarter. Calamos Advisors LLC owned approximately 0.09% of Caesars Entertainment worth $6,220,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Janus Henderson Group PLC grew its stake in Caesars Entertainment by 18.7% in the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company's stock valued at $526,309,000 after purchasing an additional 1,983,151 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Caesars Entertainment by 383.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company's stock valued at $71,536,000 after buying an additional 1,697,443 shares during the last quarter. Helikon Investments Ltd lifted its position in shares of Caesars Entertainment by 67.1% in the third quarter. Helikon Investments Ltd now owns 1,587,547 shares of the company's stock valued at $66,264,000 after buying an additional 637,303 shares during the last quarter. Bamco Inc. NY acquired a new stake in shares of Caesars Entertainment in the third quarter valued at approximately $61,890,000. Finally, Principal Financial Group Inc. lifted its position in shares of Caesars Entertainment by 4.2% in the third quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company's stock valued at $60,712,000 after buying an additional 59,170 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CZR shares. JPMorgan Chase & Co. cut their price objective on Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. Stifel Nicolaus cut their price objective on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. StockNews.com raised Caesars Entertainment from a "sell" rating to a "hold" rating in a research report on Thursday, October 31st. Barclays dropped their price target on Caesars Entertainment from $57.00 to $55.00 and set an "overweight" rating for the company in a report on Friday, December 13th. Finally, Wells Fargo & Company dropped their price target on Caesars Entertainment from $58.00 to $53.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $51.21.

Caesars Entertainment Price Performance

Shares of CZR traded down $0.68 during midday trading on Friday, hitting $35.72. The company's stock had a trading volume of 4,087,989 shares, compared to its average volume of 4,088,369. Caesars Entertainment, Inc. has a one year low of $30.78 and a one year high of $45.93. The company's fifty day simple moving average is $34.75 and its two-hundred day simple moving average is $37.73. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of -21.39 and a beta of 2.90.

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.