Private Wealth Partners LLC Acquires 32,300 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Private Wealth Partners LLC raised its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 12.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 294,505 shares of the company's stock after acquiring an additional 32,300 shares during the period. Private Wealth Partners LLC owned 0.14% of Caesars Entertainment worth $9,842,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Bogart Wealth LLC boosted its position in Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company's stock worth $28,000 after purchasing an additional 800 shares during the period. Huntington National Bank raised its stake in shares of Caesars Entertainment by 3,203.8% in the 3rd 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. Quarry LP acquired a new stake in Caesars Entertainment during the third quarter worth about $68,000. Avior Wealth Management LLC raised its stake 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 worth $76,000 after acquiring an additional 2,264 shares during the period. Finally, Signaturefd LLC raised its stake in Caesars Entertainment by 9.8% during the third quarter. Signaturefd LLC now owns 2,788 shares of the company's stock worth $116,000 after acquiring an additional 248 shares during the period. 91.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CZR shares. TD Cowen decreased their price objective on shares of Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating for the company in a report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price target on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. StockNews.com upgraded shares of Caesars Entertainment from a "sell" rating to a "hold" rating in a research report on Thursday, October 31st. Truist Financial cut their price target on shares of Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Finally, Stifel Nicolaus lowered their target price on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $51.21.

Caesars Entertainment Trading Down 6.2 %

Shares of NASDAQ CZR traded down $2.36 during midday trading on Friday, reaching $35.40. The stock had a trading volume of 3,437,684 shares, compared to its average volume of 4,343,147. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment, Inc. has a twelve month low of $30.78 and a twelve month high of $45.93. The company's 50 day moving average price is $34.76 and its 200 day moving average price is $37.82. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of -21.33 and a beta of 2.90.

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.