Bank of New York Mellon Corp Buys 50,128 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Bank of New York Mellon Corp raised its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,267,162 shares of the company’s stock after purchasing an additional 50,128 shares during the period. Bank of New York Mellon Corp owned 0.59% of Caesars Entertainment worth $40,879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Wipfli Financial Advisors LLC bought a new stake in shares of Caesars Entertainment in the 3rd quarter worth about $25,000. Hexagon Capital Partners LLC bought a new stake in Caesars Entertainment during the third quarter worth approximately $29,000. Quadrant Capital Group LLC raised its position in Caesars Entertainment by 60.5% during the second quarter. Quadrant Capital Group LLC now owns 777 shares of the company’s stock valued at $30,000 after purchasing an additional 293 shares during the period. American National Bank bought a new stake in shares of Caesars Entertainment in the 3rd quarter valued at approximately $31,000. Finally, Assetmark Inc. boosted its holdings in shares of Caesars Entertainment by 78.1% in the 3rd quarter. Assetmark Inc. now owns 1,092 shares of the company’s stock worth $35,000 after purchasing an additional 479 shares during the period. Hedge funds and other institutional investors own 93.88% of the company’s stock.

Caesars Entertainment Trading Down 4.1 %

Shares of NASDAQ CZR opened at $47.31 on Monday. Caesars Entertainment, Inc. has a twelve month low of $31.31 and a twelve month high of $81.57. The firm has a market cap of $10.18 billion, a PE ratio of -11.24 and a beta of 2.90. The business has a fifty day simple moving average of $50.29 and a two-hundred day simple moving average of $46.13. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 3.37.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CZR. Deutsche Bank Aktiengesellschaft increased their price target on Caesars Entertainment from $64.00 to $70.00 in a report on Tuesday, January 31st. Stifel Nicolaus raised their target price on shares of Caesars Entertainment from $63.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, January 24th. Wells Fargo & Company lifted their price target on shares of Caesars Entertainment from $72.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 25th. B. Riley increased their price objective on shares of Caesars Entertainment from $102.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, February 21st. Finally, Barclays raised their price objective on shares of Caesars Entertainment from $66.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 22nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $65.77.

Caesars Entertainment Company Profile

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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.