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

Private Wealth Partners LLC boosted its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 294,505 shares of the company’s stock after purchasing an additional 32,300 shares during the period. Private Wealth Partners LLC owned 0.14% of Caesars Entertainment worth $9,842,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC grew its position in shares of Caesars Entertainment by 92.0% in the 3rd quarter. CWM LLC now owns 4,993 shares of the company’s stock valued at $208,000 after acquiring an additional 2,392 shares during the period. Raymond James & Associates lifted its stake in Caesars Entertainment by 31.3% in the 3rd quarter. Raymond James & Associates now owns 199,849 shares of the company’s stock valued at $8,342,000 after purchasing an additional 47,691 shares during the last quarter. Foundations Investment Advisors LLC bought a new position in Caesars Entertainment during the third quarter worth about $298,000. Signaturefd LLC increased its position 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 buying an additional 248 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in Caesars Entertainment by 3.0% in the third quarter. Private Advisor Group LLC now owns 10,850 shares of the company’s stock valued at $453,000 after buying an additional 317 shares during the period. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $37.97 on Thursday. The company has a market cap of $8.07 billion, a price-to-earnings ratio of -22.74 and a beta of 2.90. Caesars Entertainment, Inc. has a fifty-two week low of $30.78 and a fifty-two week 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 stock has a fifty day moving average price of $34.76 and a 200-day moving average price of $37.82.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CZR shares. Jefferies Financial Group reduced their target price on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Stifel Nicolaus reduced their price objective on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Truist Financial dropped their price objective on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Macquarie reaffirmed an “outperform” rating and set a $50.00 target price on shares of Caesars Entertainment in a report on Wednesday, October 30th. Finally, Wells Fargo & Company decreased their price target 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 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.21.

About Caesars Entertainment

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.