Choreo LLC Decreases Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Choreo LLC lessened its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 56.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,215 shares of the company's stock after selling 8,029 shares during the quarter. Choreo LLC's holdings in Caesars Entertainment were worth $206,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings 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 worth $526,309,000 after acquiring an additional 1,983,151 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Caesars Entertainment by 383.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company's stock worth $71,536,000 after purchasing an additional 1,697,443 shares during the last quarter. Bamco Inc. NY acquired a new position in Caesars Entertainment during the 3rd quarter valued at approximately $61,890,000. Progeny 3 Inc. acquired a new stake in shares of Caesars Entertainment during the third quarter worth $37,649,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Caesars Entertainment during the third quarter valued at $26,721,000. Hedge funds and other institutional investors own 91.79% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CZR shares. JMP Securities reduced their target price on Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating for the company in a research note on Thursday, January 16th. Truist Financial dropped their target price on Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. 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. Macquarie restated an "outperform" rating and set a $50.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company cut their price objective on shares of Caesars Entertainment from $58.00 to $53.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Caesars Entertainment has a consensus rating of "Moderate Buy" and an average price target of $51.21.

Caesars Entertainment Price Performance

NASDAQ CZR traded down $1.51 on Wednesday, hitting $38.02. The company had a trading volume of 3,029,726 shares, compared to its average volume of 4,368,059. 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 company's fifty day moving average price is $34.74 and its 200-day moving average price is $37.82. The company has a market capitalization of $8.08 billion, a PE ratio of -22.77 and a beta of 2.90. Caesars Entertainment, Inc. has a 12-month low of $30.78 and a 12-month high of $45.93.

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.