Deltec Asset Management LLC cut its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 72.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 115,900 shares of the company's stock after selling 300,003 shares during the quarter. Deltec Asset Management LLC owned 0.05% of Caesars Entertainment worth $3,873,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of CZR. Huntington National Bank grew its stake in Caesars Entertainment by 3,203.8% in the third quarter. Huntington National Bank now owns 859 shares of the company's stock valued at $36,000 after purchasing an additional 833 shares in the last quarter. UMB Bank n.a. bought a new stake in shares of Caesars Entertainment in the 3rd quarter valued at approximately $51,000. Quarry LP acquired a new position in Caesars Entertainment in the third quarter worth approximately $68,000. Avior Wealth Management LLC raised its position in Caesars Entertainment by 12,577.8% during the fourth quarter. Avior Wealth Management LLC now owns 2,282 shares of the company's stock valued at $76,000 after acquiring an additional 2,264 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Caesars Entertainment by 25.1% in the third quarter. GAMMA Investing LLC now owns 2,010 shares of the company's stock valued at $84,000 after acquiring an additional 403 shares during the last quarter. Hedge funds and other institutional investors own 91.79% of the company's stock.
Analyst Upgrades and Downgrades
CZR has been the subject of several recent analyst reports. Macquarie reiterated an "outperform" rating and set a $50.00 price target on shares of Caesars Entertainment in a research note on Wednesday, October 30th. Barclays lowered their price target on Caesars Entertainment from $57.00 to $55.00 and set an "overweight" rating on the stock in a report on Friday, December 13th. Jefferies Financial Group reduced their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Truist Financial lowered 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 note on Tuesday, January 14th. Finally, Stifel Nicolaus decreased their price target on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Caesars Entertainment currently has a consensus rating of "Moderate Buy" and an average price target of $51.21.
Read Our Latest Stock Analysis on Caesars Entertainment
Caesars Entertainment Stock Down 1.9 %
CZR stock traded down $0.68 during mid-day trading on Friday, hitting $35.72. 4,087,989 shares of the company were exchanged, compared to its average volume of 4,088,369. The firm has a market cap of $7.59 billion, a P/E ratio of -21.39 and a beta of 2.90. Caesars Entertainment, Inc. has a 1-year low of $30.78 and a 1-year high of $45.93. 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 50 day simple moving average is $34.75 and its 200 day simple moving average is $37.73.
Caesars Entertainment Profile
(
Free Report)
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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