Vontobel Holding Ltd. Acquires Shares of 22,741 Caesars Entertainment, Inc. (NASDAQ:CZR)

Vontobel Holding Ltd. acquired a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 22,741 shares of the company’s stock, valued at approximately $760,000.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of Caesars Entertainment by 4.5% in the third quarter. Wellington Management Group LLP now owns 113,405 shares of the company’s stock valued at $4,734,000 after buying an additional 4,840 shares in the last quarter. Key Colony Management LLC purchased a new stake in shares of Caesars Entertainment in the fourth quarter valued at about $6,350,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Caesars Entertainment by 40.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,550 shares of the company’s stock valued at $779,000 after purchasing an additional 6,778 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Caesars Entertainment by 87.2% in the third quarter. National Bank of Canada FI now owns 109,526 shares of the company’s stock valued at $4,572,000 after purchasing an additional 51,034 shares during the last quarter. Finally, LMR Partners LLP purchased a new stake in shares of Caesars Entertainment in the third quarter valued at about $903,000. 91.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

CZR has been the subject of several analyst reports. JMP Securities lowered their target price on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a report on Thursday, January 16th. Barclays lowered their target price on shares of Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Stifel Nicolaus lowered their target price on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Truist Financial decreased their price objective on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, TD Cowen decreased their price objective on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. 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 assigned a strong buy rating to the stock. According to MarketBeat, Caesars Entertainment has an average rating of “Moderate Buy” and a consensus price target of $51.21.

Caesars Entertainment Price Performance

CZR opened at $37.97 on Thursday. The company has a market capitalization of $8.07 billion, a price-to-earnings ratio of -22.74 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. The firm has a 50-day moving average price of $34.76 and a 200-day moving average price of $37.82. Caesars Entertainment, Inc. has a twelve month low of $30.78 and a twelve month high of $45.93.

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.