Yousif Capital Management LLC Cuts Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Yousif Capital Management LLC lessened its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,629 shares of the company’s stock after selling 801 shares during the quarter. Yousif Capital Management LLC’s holdings in Caesars Entertainment were worth $623,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Huntington National Bank boosted its stake in shares of Caesars Entertainment by 3,203.8% in the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after buying an additional 833 shares during the period. Quarry LP purchased a new position in Caesars Entertainment in the third quarter worth approximately $68,000. Avior Wealth Management LLC grew its holdings in Caesars Entertainment by 12,577.8% during the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock worth $76,000 after acquiring an additional 2,264 shares in the last quarter. Signaturefd LLC increased its position in shares of Caesars Entertainment by 9.8% in the 3rd quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock valued at $116,000 after purchasing an additional 248 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Caesars Entertainment by 8.0% in the 3rd quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock valued at $144,000 after purchasing an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Up 2.3 %

Shares of NASDAQ CZR opened at $39.76 on Monday. The stock has a market cap of $8.45 billion, a PE ratio of -23.81 and a beta of 2.90. 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, Inc. has a 52-week low of $30.78 and a 52-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 $37.78.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CZR. Macquarie reissued an “outperform” rating and issued a $50.00 target price on shares of Caesars Entertainment in a report on Wednesday, October 30th. Wells Fargo & Company lowered their price objective on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. StockNews.com raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Morgan Stanley upped their price objective on Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen lowered their price objective on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.21.

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.