Thrivent Financial for Lutherans Raises Stock Holdings in Caesars Entertainment, Inc. $CZR

Thrivent Financial for Lutherans raised its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 1,735.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,052 shares of the company’s stock after buying an additional 141,876 shares during the quarter. Thrivent Financial for Lutherans owned about 0.07% of Caesars Entertainment worth $4,055,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CZR. JFS Wealth Advisors LLC lifted its position in Caesars Entertainment by 508.5% during the 2nd quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock valued at $25,000 after acquiring an additional 722 shares during the period. Mather Group LLC. bought a new position in shares of Caesars Entertainment during the third quarter valued at approximately $28,000. Salomon & Ludwin LLC purchased a new position in shares of Caesars Entertainment during the third quarter valued at approximately $41,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Caesars Entertainment during the third quarter valued at approximately $49,000. Finally, Resona Asset Management Co. Ltd. grew its stake in shares of Caesars Entertainment by 30.3% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 2,357 shares of the company’s stock worth $68,000 after buying an additional 548 shares during the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on CZR. Stifel Nicolaus lowered their price objective on Caesars Entertainment from $43.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Morgan Stanley lowered their price target on Caesars Entertainment from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, January 16th. Truist Financial dropped their price target on shares of Caesars Entertainment from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Weiss Ratings restated a “sell (e+)” rating on shares of Caesars Entertainment in a research note on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.61.

Caesars Entertainment Price Performance

CZR opened at $20.52 on Friday. The company’s 50-day simple moving average is $23.38 and its two-hundred day simple moving average is $23.89. The company has a debt-to-equity ratio of 6.23, a quick ratio of 0.76 and a current ratio of 0.78. The stock has a market capitalization of $4.19 billion, a P/E ratio of -17.84, a P/E/G ratio of 5.57 and a beta of 2.03. Caesars Entertainment, Inc. has a 52-week low of $18.25 and a 52-week high of $40.00.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.