Capital Advisors Ltd. LLC Sells 228,238 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Capital Advisors Ltd. LLC cut its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 21.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 835,337 shares of the company’s stock after selling 228,238 shares during the period. Caesars Entertainment makes up about 3.5% of Capital Advisors Ltd. LLC’s portfolio, making the stock its 5th biggest holding. Capital Advisors Ltd. LLC owned approximately 0.39% of Caesars Entertainment worth $27,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. Janus Henderson Group PLC raised its stake in Caesars Entertainment by 18.7% in the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock valued at $526,309,000 after purchasing an additional 1,983,151 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Caesars Entertainment by 383.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock valued at $71,536,000 after buying an additional 1,697,443 shares during the period. Bamco Inc. NY acquired a new position in shares of Caesars Entertainment in the 3rd quarter valued at approximately $61,890,000. ING Groep NV bought a new stake in shares of Caesars Entertainment during the 4th quarter worth approximately $35,797,000. Finally, Progeny 3 Inc. acquired a new stake in shares of Caesars Entertainment during the 3rd quarter worth approximately $37,649,000. 91.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on CZR shares. Wells Fargo & Company lowered their price objective 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 dropped their price objective on 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 reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, October 30th. Jefferies Financial Group lowered 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. Finally, StockNews.com upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. One investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.21.

Caesars Entertainment Stock Performance

Shares of Caesars Entertainment stock opened at $35.34 on Monday. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of -21.16 and a beta of 2.90. Caesars Entertainment, Inc. has a twelve month low of $30.78 and a twelve month high of $45.93. The company’s fifty day moving average is $34.72 and its 200 day moving average is $37.88. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84.

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.