Caesars Entertainment Co. (CZR) Stake Raised by Private Advisor Group LLC
Private Advisor Group LLC grew its position in shares of Caesars Entertainment Co. (NASDAQ:CZR) by 122.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,381 shares of the company’s stock after buying an additional 15,595 shares during the quarter. Private Advisor Group LLC’s holdings in Caesars Entertainment were worth $192,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Lehman Financial Resources Inc. purchased a new stake in shares of Caesars Entertainment during the third quarter valued at approximately $123,000. Alps Advisors Inc. purchased a new stake in shares of Caesars Entertainment during the fourth quarter valued at approximately $85,000. M&T Bank Corp grew its holdings in shares of Caesars Entertainment by 44.4% during the fourth quarter. M&T Bank Corp now owns 19,854 shares of the company’s stock valued at $136,000 after buying an additional 6,100 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of Caesars Entertainment during the third quarter valued at approximately $217,000. Finally, Westside Investment Management Inc. purchased a new stake in shares of Caesars Entertainment during the fourth quarter valued at approximately $151,000.
Shares of CZR stock opened at $8.08 on Friday. Caesars Entertainment Co. has a 12-month low of $5.84 and a 12-month high of $13.54. The company has a debt-to-equity ratio of 5.65, a quick ratio of 1.11 and a current ratio of 1.13. The company has a market capitalization of $5.41 billion, a P/E ratio of -42.53 and a beta of 1.20.
In other Caesars Entertainment news, VP Les Ottolenghi sold 17,240 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $8.74, for a total value of $150,677.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Don R. Kornstein purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, December 18th. The stock was acquired at an average price of $7.00 per share, for a total transaction of $140,000.00. Following the completion of the transaction, the director now directly owns 78,552 shares of the company’s stock, valued at approximately $549,864. The disclosure for this purchase can be found here. Insiders sold 97,460 shares of company stock worth $840,337 in the last 90 days. 0.92% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently commented on the stock. Deutsche Bank reiterated a “buy” rating and set a $11.00 price target on shares of Caesars Entertainment in a report on Monday, February 25th. Zacks Investment Research cut shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a report on Friday, March 1st. BidaskClub upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Bank of America cut shares of Caesars Entertainment from a “buy” rating to a “neutral” rating and increased their price target for the company from $8.75 to $9.00 in a report on Wednesday, January 16th. Finally, UBS Group upgraded shares of Caesars Entertainment from a “sell” rating to a “neutral” rating and dropped their target price for the stock from $9.00 to $7.00 in a report on Wednesday, January 2nd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Caesars Entertainment has a consensus rating of “Hold” and an average target price of $11.75.
About Caesars Entertainment
Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.
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