Vontobel Holding Ltd. Invests $760,000 in Caesars Entertainment, Inc. (NASDAQ:CZR)

Vontobel Holding Ltd. purchased a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 22,741 shares of the company's stock, valued at approximately $760,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in Caesars Entertainment by 9.8% during the 3rd quarter. Signaturefd LLC now owns 2,788 shares of the company's stock valued at $116,000 after purchasing an additional 248 shares during the last quarter. Assetmark Inc. raised its stake in shares of Caesars Entertainment by 8.0% in the third quarter. Assetmark Inc. now owns 3,447 shares of the company's stock worth $144,000 after acquiring an additional 256 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Caesars Entertainment by 3.0% in the third quarter. Private Advisor Group LLC now owns 10,850 shares of the company's stock worth $453,000 after acquiring an additional 317 shares during the last quarter. Fiduciary Family Office LLC raised its stake in shares of Caesars Entertainment by 1.7% in the third 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 raised its stake in shares of Caesars Entertainment by 0.3% in the third quarter. The Manufacturers Life Insurance Company now owns 168,516 shares of the company's stock worth $7,034,000 after acquiring an additional 582 shares during the last quarter. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Stock Performance

CZR stock traded down $2.35 during trading hours on Friday, reaching $35.41. The stock had a trading volume of 2,480,577 shares, compared to its average volume of 4,314,831. The stock has a market capitalization of $7.52 billion, a PE ratio of -21.20 and a beta of 2.90. 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 stock has a 50-day simple moving average of $34.76 and a 200 day simple moving average of $37.82. Caesars Entertainment, Inc. has a fifty-two week low of $30.78 and a fifty-two week high of $45.93.

Analyst Ratings Changes

Several brokerages have recently commented on CZR. Wells Fargo & Company lowered their price target on shares of Caesars Entertainment from $58.00 to $53.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. JMP Securities lowered their price target on shares of Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating for the company in a research report on Thursday, January 16th. Macquarie restated an "outperform" rating and set a $50.00 price objective on shares of Caesars Entertainment in a report on Wednesday, October 30th. Barclays decreased their price objective on shares of Caesars Entertainment from $57.00 to $55.00 and set an "overweight" rating for the company in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.