Alpha Paradigm Partners LLC acquired a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,112 shares of the company’s stock, valued at approximately $323,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Neuberger Berman Group LLC bought a new stake in shares of Caesars Entertainment during the 2nd quarter worth $369,000. California Public Employees Retirement System boosted its holdings in Caesars Entertainment by 6.7% in the 2nd quarter. California Public Employees Retirement System now owns 447,620 shares of the company’s stock valued at $46,441,000 after purchasing an additional 28,033 shares during the period. Franklin Resources Inc. boosted its holdings in Caesars Entertainment by 35.4% in the 2nd quarter. Franklin Resources Inc. now owns 3,745 shares of the company’s stock valued at $389,000 after purchasing an additional 980 shares during the period. Stifel Financial Corp boosted its holdings in Caesars Entertainment by 6.5% in the 2nd quarter. Stifel Financial Corp now owns 117,056 shares of the company’s stock valued at $12,144,000 after purchasing an additional 7,128 shares during the period. Finally, Soros Capital Management LLC raised its stake in shares of Caesars Entertainment by 25.3% in the 2nd quarter. Soros Capital Management LLC now owns 260,500 shares of the company’s stock valued at $27,027,000 after buying an additional 52,600 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.
Caesars Entertainment stock opened at $114.96 on Thursday. The company’s 50 day simple moving average is $103.28 and its 200 day simple moving average is $100.06. Caesars Entertainment, Inc. has a fifty-two week low of $43.07 and a fifty-two week high of $119.81. The company has a debt-to-equity ratio of 5.08, a current ratio of 1.16 and a quick ratio of 1.15.
In other Caesars Entertainment news, insider Edmund L. Quatmann, Jr. sold 842 shares of Caesars Entertainment stock in a transaction that occurred on Tuesday, August 24th. The shares were sold at an average price of $90.83, for a total value of $76,478.86. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael E. Pegram sold 5,000 shares of Caesars Entertainment stock in a transaction that occurred on Friday, September 17th. The shares were sold at an average price of $110.48, for a total transaction of $552,400.00. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.
A number of equities analysts have recently issued reports on CZR shares. Wells Fargo & Company started coverage on shares of Caesars Entertainment in a research note on Tuesday, September 14th. They issued an “overweight” rating and a $137.00 price objective for the company. Zacks Investment Research upgraded shares of Caesars Entertainment from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Wednesday, July 21st. Cowen increased their target price on shares of Caesars Entertainment from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, September 10th. Bank of America upgraded shares of Caesars Entertainment from a “neutral” rating to a “buy” rating in a research report on Monday, August 9th. Finally, Stifel Nicolaus raised their price objective on shares of Caesars Entertainment from $130.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, October 8th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Caesars Entertainment presently has an average rating of “Buy” and an average target price of $119.86.
Caesars Entertainment Profile
Caesars Holdings, Inc is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.
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