Asset Management One Co. Ltd. Grows Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Asset Management One Co. Ltd. boosted its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 23.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,063 shares of the company’s stock after purchasing an additional 969 shares during the period. Asset Management One Co. Ltd.’s holdings in Caesars Entertainment were worth $168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in shares of 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 acquiring an additional 1,983,151 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Caesars Entertainment by 383.1% in 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 position in Caesars Entertainment in the 3rd quarter valued at $61,890,000. Progeny 3 Inc. purchased a new stake in shares of Caesars Entertainment during the 3rd quarter valued at $37,649,000. Finally, Point72 Asset Management L.P. purchased a new stake in Caesars Entertainment during the third quarter worth about $26,721,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CZR shares. Stifel Nicolaus dropped their target price on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. JMP Securities reduced their price objective on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. decreased their target price on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Macquarie reissued an “outperform” rating and issued a $50.00 price objective on shares of Caesars Entertainment in a report on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their price objective on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, Caesars Entertainment presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.21.

Caesars Entertainment Stock Down 0.6 %

CZR opened at $37.76 on Friday. The firm has a market capitalization of $8.02 billion, a P/E ratio of -22.61 and a beta of 2.90. Caesars Entertainment, Inc. has a one year low of $30.78 and a one year high of $45.93. The company has a fifty day moving average price of $34.76 and a 200-day moving average price of $37.82. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82.

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.