Caesars Entertainment, Inc. (NASDAQ:CZR) Stake Raised by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. boosted its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 52.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 172,080 shares of the company’s stock after acquiring an additional 59,496 shares during the quarter. Pekin Hardy Strauss Inc. owned about 0.08% of Caesars Entertainment worth $5,751,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CZR. Signaturefd LLC increased its stake in Caesars Entertainment by 9.8% in the 3rd quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock worth $116,000 after purchasing an additional 248 shares in the last quarter. Assetmark Inc. increased its stake in Caesars Entertainment by 8.0% in the 3rd quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock worth $144,000 after purchasing an additional 256 shares in the last quarter. Private Advisor Group LLC increased its stake in Caesars Entertainment by 3.0% in the 3rd quarter. Private Advisor Group LLC now owns 10,850 shares of the company’s stock worth $453,000 after purchasing an additional 317 shares in the last quarter. Fiduciary Family Office LLC increased its stake in Caesars Entertainment by 1.7% in the 3rd quarter. Fiduciary Family Office LLC now owns 25,215 shares of the company’s stock worth $1,052,000 after purchasing an additional 424 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Caesars Entertainment by 0.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 168,516 shares of the company’s stock worth $7,034,000 after purchasing an additional 582 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CZR shares. Macquarie reissued an “outperform” rating and issued a $50.00 price target on shares of Caesars Entertainment in a research note on Wednesday, October 30th. StockNews.com raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. JMP Securities dropped their price target 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. Barclays dropped their price target 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. Finally, JPMorgan Chase & Co. lowered their target price 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $51.21.

Caesars Entertainment Trading Down 6.4 %

Shares of NASDAQ CZR opened at $35.34 on Friday. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of -21.16 and a beta of 2.90. The business has a 50 day simple moving average of $34.72 and a 200 day simple moving average of $37.86. Caesars Entertainment, Inc. has a 52 week low of $30.78 and a 52 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.

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.