American Trust Raises Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

American Trust boosted its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,084 shares of the company’s stock after purchasing an additional 510 shares during the period. American Trust’s holdings in Caesars Entertainment were worth $422,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CZR. FMR LLC raised its stake in shares of Caesars Entertainment by 13.0% in the 2nd quarter. FMR LLC now owns 19,165,674 shares of the company’s stock valued at $734,045,000 after acquiring an additional 2,206,419 shares during the period. Frontier Capital Management Co. LLC raised its stake in shares of Caesars Entertainment by 49.3% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,460,971 shares of the company’s stock valued at $111,651,000 after acquiring an additional 1,143,332 shares during the period. Eagle Asset Management Inc. raised its stake in shares of Caesars Entertainment by 121.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,977,721 shares of the company’s stock valued at $63,801,000 after acquiring an additional 1,083,789 shares during the period. 140 Summer Partners LP purchased a new stake in shares of Caesars Entertainment in the 2nd quarter valued at approximately $40,323,000. Finally, HG Vora Capital Management LLC raised its stake in shares of Caesars Entertainment by 20.0% in the 3rd quarter. HG Vora Capital Management LLC now owns 6,000,000 shares of the company’s stock valued at $193,560,000 after acquiring an additional 1,000,000 shares during the period. 93.88% of the stock is owned by hedge funds and other institutional investors.

Caesars Entertainment Trading Up 0.9 %

NASDAQ CZR opened at $44.71 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 3.37. Caesars Entertainment, Inc. has a 52 week low of $31.31 and a 52 week high of $81.57. The stock has a market capitalization of $9.62 billion, a PE ratio of -10.53 and a beta of 2.90. The firm has a 50 day moving average of $50.42 and a two-hundred day moving average of $46.12.

Wall Street Analyst Weigh In

CZR has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on shares of Caesars Entertainment from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 1st. JPMorgan Chase & Co. lifted their price objective on shares of Caesars Entertainment from $67.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, February 22nd. Wells Fargo & Company lifted their price objective on shares of Caesars Entertainment from $72.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, January 25th. Stifel Nicolaus lifted their price objective on shares of Caesars Entertainment from $63.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, January 24th. Finally, B. Riley lifted their price objective on shares of Caesars Entertainment from $102.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Caesars Entertainment presently has an average rating of “Hold” and an average price target of $65.77.

Caesars Entertainment 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.