abrdn plc Has $491,000 Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

abrdn plc lowered its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,770 shares of the company’s stock after selling 1,625 shares during the quarter. abrdn plc’s holdings in Caesars Entertainment were worth $491,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CZR. Huntington National Bank boosted its stake in Caesars Entertainment by 3,203.8% during the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after purchasing an additional 833 shares during the last quarter. UMB Bank n.a. bought a new position in Caesars Entertainment during the third quarter worth about $51,000. Quarry LP purchased a new stake in shares of Caesars Entertainment during the third quarter worth $68,000. Avior Wealth Management LLC increased its position in shares of Caesars Entertainment by 12,577.8% during the fourth quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock valued at $76,000 after buying an additional 2,264 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Caesars Entertainment by 25.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock valued at $84,000 after purchasing an additional 403 shares during the period. 91.79% of the stock is currently owned by institutional investors.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $35.49 on Wednesday. The firm has a fifty day moving average price of $34.62 and a 200-day moving average price of $37.77. Caesars Entertainment, Inc. has a 1 year low of $30.78 and a 1 year high of $45.93. The stock has a market cap of $7.54 billion, a PE ratio of -21.25 and a beta of 2.90. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82.

Analysts Set New Price Targets

A number of equities analysts have commented on CZR shares. Morgan Stanley boosted their price target on shares of Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Barclays dropped their price objective on Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, December 13th. TD Cowen cut their price objective on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company reduced their price objective on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus cut their target price on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.21.

Caesars Entertainment Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.