Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Acquired by Crescent Park Management L.P.

Crescent Park Management L.P. increased its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZRGet Rating) by 41.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 475,807 shares of the company’s stock after acquiring an additional 138,742 shares during the period. Caesars Entertainment makes up approximately 6.0% of Crescent Park Management L.P.’s holdings, making the stock its 8th largest holding. Crescent Park Management L.P. owned about 0.22% of Caesars Entertainment worth $36,808,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Manchester Capital Management LLC acquired a new position in shares of Caesars Entertainment in the first quarter worth about $77,000. Covestor Ltd raised its position in shares of Caesars Entertainment by 958.7% in the 1st quarter. Covestor Ltd now owns 1,154 shares of the company’s stock valued at $89,000 after purchasing an additional 1,045 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Caesars Entertainment by 58.9% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,157 shares of the company’s stock valued at $90,000 after buying an additional 429 shares during the last quarter. AIA Group Ltd grew its position in shares of Caesars Entertainment by 51.7% during the first quarter. AIA Group Ltd now owns 1,650 shares of the company’s stock worth $128,000 after buying an additional 562 shares in the last quarter. Finally, NuWave Investment Management LLC bought a new stake in shares of Caesars Entertainment in the first quarter worth $136,000. Institutional investors and hedge funds own 95.55% of the company’s stock.

Insider Activity

In related news, Director Don R. Kornstein bought 4,000 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was bought at an average price of $39.60 per share, with a total value of $158,400.00. Following the purchase, the director now directly owns 30,853 shares of the company’s stock, valued at approximately $1,221,778.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Don R. Kornstein bought 4,000 shares of the business’s stock in a transaction on Monday, June 13th. The stock was purchased at an average price of $39.60 per share, with a total value of $158,400.00. Following the transaction, the director now directly owns 30,853 shares in the company, valued at $1,221,778.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Don R. Kornstein purchased 2,500 shares of Caesars Entertainment stock in a transaction on Thursday, June 16th. The stock was bought at an average cost of $38.10 per share, with a total value of $95,250.00. Following the completion of the acquisition, the director now owns 34,353 shares in the company, valued at $1,308,849.30. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Caesars Entertainment from $90.00 to $64.00 in a research note on Wednesday, August 3rd. Wells Fargo & Company decreased their price objective on shares of Caesars Entertainment from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, August 3rd. KeyCorp cut shares of Caesars Entertainment to a “sector weight” rating in a report on Tuesday, July 19th. Stifel Nicolaus lowered their price objective on shares of Caesars Entertainment from $113.00 to $63.00 in a research report on Tuesday, July 19th. Finally, B. Riley cut their target price on shares of Caesars Entertainment from $149.00 to $128.00 and set a “buy” rating on the stock in a report on Tuesday, June 28th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.00.

Caesars Entertainment Trading Up 2.0 %

Shares of CZR opened at $46.18 on Friday. The company has a debt-to-equity ratio of 7.06, a current ratio of 1.00 and a quick ratio of 0.99. Caesars Entertainment, Inc. has a 1-year low of $35.10 and a 1-year high of $119.81. The business’s 50-day moving average price is $44.22 and its 200 day moving average price is $56.29.

Caesars Entertainment Company 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.

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

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