Mitsubishi UFJ Trust & Banking Corp Has $4.36 Million Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Mitsubishi UFJ Trust & Banking Corp boosted its stake in Caesars Entertainment, Inc. (NASDAQ:CZRGet Rating) by 11.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,723 shares of the company’s stock after purchasing an additional 11,878 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.05% of Caesars Entertainment worth $4,355,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CZR. Capital Research Global Investors raised its stake in Caesars Entertainment by 20.5% during the first quarter. Capital Research Global Investors now owns 20,877,113 shares of the company’s stock worth $1,615,057,000 after acquiring an additional 3,548,997 shares in the last quarter. Capital World Investors grew its holdings in shares of Caesars Entertainment by 17.5% during the first quarter. Capital World Investors now owns 12,756,091 shares of the company’s stock worth $986,811,000 after purchasing an additional 1,902,200 shares during the last quarter. Point Break Capital Management LLC grew its holdings in shares of Caesars Entertainment by 10.3% during the first quarter. Point Break Capital Management LLC now owns 10,617,833 shares of the company’s stock worth $821,396,000 after purchasing an additional 987,230 shares during the last quarter. HG Vora Capital Management LLC grew its holdings in shares of Caesars Entertainment by 75.0% during the first quarter. HG Vora Capital Management LLC now owns 1,750,000 shares of the company’s stock worth $135,380,000 after purchasing an additional 750,000 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its holdings in shares of Caesars Entertainment by 67.3% during the second quarter. DAVENPORT & Co LLC now owns 1,680,171 shares of the company’s stock worth $64,524,000 after purchasing an additional 675,629 shares during the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

Insider Activity at Caesars Entertainment

In related news, Director Michael E. Pegram purchased 25,000 shares of the stock in a transaction that occurred on Friday, November 4th. The stock was acquired at an average cost of $44.74 per share, with a total value of $1,118,500.00. Following the transaction, the director now owns 96,697 shares of the company’s stock, valued at approximately $4,326,223.78. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on CZR. Cowen reduced their price target on Caesars Entertainment from $105.00 to $87.00 in a report on Wednesday, August 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on Caesars Entertainment from $90.00 to $64.00 in a report on Wednesday, August 3rd. Susquehanna reduced their target price on Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating on the stock in a report on Monday, October 3rd. Barclays upped their target price on Caesars Entertainment from $56.00 to $65.00 in a report on Wednesday, August 3rd. Finally, StockNews.com began coverage on Caesars Entertainment in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $82.19.

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR opened at $49.98 on Friday. The firm has a market capitalization of $10.72 billion, a price-to-earnings ratio of -9.02 and a beta of 2.83. The stock’s 50 day moving average is $41.64 and its 200-day moving average is $44.58. Caesars Entertainment, Inc. has a twelve month low of $31.31 and a twelve month high of $97.39. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 6.53.

Caesars Entertainment Profile

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Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company operates casinos comprising poker, keno, and race and online sportsbooks; dining venues, bars, nightclubs, and lounges; hotels; and entertainment venues. It also provides staffing and management services; accessories, souvenirs, and decorative items through retail stores; and online sports betting and iGaming services.

Further Reading

Institutional Ownership by Quarter for Caesars Entertainment (NASDAQ:CZR)

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