Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Acquired by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC lifted its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 804,205 shares of the company’s stock after purchasing an additional 47,294 shares during the quarter. Caesars Entertainment comprises about 2.4% of Villere ST Denis J & Co. LLC’s investment portfolio, making the stock its 18th biggest position. Villere ST Denis J & Co. LLC owned about 0.38% of Caesars Entertainment worth $26,877,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CZR. Truist Financial Corp boosted its holdings in Caesars Entertainment by 20.2% in the second quarter. Truist Financial Corp now owns 6,255 shares of the company’s stock valued at $249,000 after acquiring an additional 1,050 shares during the last quarter. CWM LLC boosted its holdings in Caesars Entertainment by 92.0% in the third 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 last quarter. nVerses Capital LLC acquired a new position in shares of Caesars Entertainment during the third quarter worth about $522,000. Raymond James & Associates lifted its stake in shares of Caesars Entertainment by 31.3% during the third quarter. Raymond James & Associates now owns 199,849 shares of the company’s stock worth $8,342,000 after purchasing an additional 47,691 shares in the last quarter. Finally, Foundations Investment Advisors LLC acquired a new position in shares of Caesars Entertainment during the third quarter worth about $298,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock opened at $39.76 on Friday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. Caesars Entertainment, Inc. has a fifty-two week low of $30.78 and a fifty-two week high of $45.93. The business has a 50-day moving average price of $34.63 and a 200 day moving average price of $37.79.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wells Fargo & Company reduced their price objective on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. reduced their price objective on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Barclays reduced their price objective on Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. JMP Securities reduced their price objective on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research note on Thursday, January 16th. Finally, Jefferies Financial Group reduced their price objective on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently 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.