Van ECK Associates Corp Has $993,000 Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Van ECK Associates Corp reduced its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,719 shares of the company’s stock after selling 2,403 shares during the quarter. Van ECK Associates Corp’s holdings in Caesars Entertainment were worth $993,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CZR. Janus Henderson Group PLC grew its holdings in shares of Caesars Entertainment by 18.7% during the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock worth $526,309,000 after purchasing an additional 1,983,151 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Caesars Entertainment by 383.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock worth $71,536,000 after purchasing an additional 1,697,443 shares during the last quarter. Bamco Inc. NY bought a new stake in shares of Caesars Entertainment during the third quarter worth $61,890,000. Progeny 3 Inc. bought a new stake in shares of Caesars Entertainment during the third quarter worth $37,649,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Caesars Entertainment during the third quarter worth $26,721,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CZR shares. TD Cowen decreased their price target on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Wells Fargo & Company decreased their price target on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Macquarie reiterated an “outperform” rating and issued a $50.00 price target on shares of Caesars Entertainment in a report on Wednesday, October 30th. Barclays decreased their price target on Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, December 13th. Finally, StockNews.com upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.21.

Caesars Entertainment Price Performance

Shares of CZR opened at $35.34 on Friday. The stock has a market cap of $7.51 billion, a P/E ratio of -21.16 and a beta of 2.90. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The stock’s 50-day moving average price is $34.72 and its two-hundred day moving average price is $37.84. Caesars Entertainment, Inc. has a 1 year low of $30.78 and a 1 year 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.