Alpha Paradigm Partners LLC Increases Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Alpha Paradigm Partners LLC increased its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) by 27.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,465 shares of the company’s stock after buying an additional 2,870 shares during the quarter. Alpha Paradigm Partners LLC’s holdings in Caesars Entertainment were worth $434,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in Caesars Entertainment by 6.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,298 shares of the company’s stock valued at $797,000 after purchasing an additional 666 shares during the last quarter. American Century Companies Inc. boosted its holdings in Caesars Entertainment by 10.8% in the first quarter. American Century Companies Inc. now owns 9,416 shares of the company’s stock valued at $728,000 after purchasing an additional 914 shares during the last quarter. Cetera Advisor Networks LLC purchased a new stake in Caesars Entertainment in the first quarter valued at $268,000. PNC Financial Services Group Inc. boosted its holdings in Caesars Entertainment by 32.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,526 shares of the company’s stock valued at $351,000 after purchasing an additional 1,119 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in Caesars Entertainment by 2.4% in the first quarter. Panagora Asset Management Inc. now owns 9,874 shares of the company’s stock valued at $764,000 after purchasing an additional 236 shares during the last quarter. 93.88% of the stock is owned by hedge funds and other institutional investors.

Caesars Entertainment Stock Performance

Caesars Entertainment stock opened at $45.99 on Wednesday. The firm has a 50 day simple moving average of $50.37 and a 200-day simple moving average of $46.12. Caesars Entertainment, Inc. has a 1-year low of $31.31 and a 1-year high of $81.57. The company has a debt-to-equity ratio of 3.37, a current ratio of 0.79 and a quick ratio of 0.77. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of -10.83 and a beta of 2.90.

Analyst Ratings Changes

CZR has been the topic of several recent analyst reports. Bank of America lowered their target price on shares of Caesars Entertainment from $55.00 to $50.00 in a research note on Wednesday, January 4th. Morgan Stanley upped their price target on shares of Caesars Entertainment from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 1st. Wells Fargo & Company upped their price target on shares of Caesars Entertainment from $72.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 25th. JPMorgan Chase & Co. upped their price target on shares of Caesars Entertainment from $67.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Caesars Entertainment from $64.00 to $70.00 in a research report on Tuesday, January 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Caesars Entertainment currently has an average rating of “Hold” and a consensus target price of $65.77.

About Caesars Entertainment

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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.