Choreo LLC Decreases Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

Choreo LLC lowered its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 56.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,215 shares of the company’s stock after selling 8,029 shares during the quarter. Choreo LLC’s holdings in Caesars Entertainment were worth $206,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC grew its stake in shares of Caesars Entertainment by 18.7% during the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock worth $526,309,000 after purchasing an additional 1,983,151 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Caesars Entertainment by 383.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock valued at $71,536,000 after buying an additional 1,697,443 shares in the last quarter. Helikon Investments Ltd increased its holdings in Caesars Entertainment by 67.1% during the 3rd quarter. Helikon Investments Ltd now owns 1,587,547 shares of the company’s stock valued at $66,264,000 after acquiring an additional 637,303 shares in the last quarter. Bamco Inc. NY purchased a new position in Caesars Entertainment during the third quarter worth $61,890,000. Finally, Principal Financial Group Inc. boosted its position in Caesars Entertainment by 4.2% during the third quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company’s stock worth $60,712,000 after acquiring an additional 59,170 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR opened at $39.76 on Friday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment, Inc. has a one year low of $30.78 and a one year high of $45.93. The company has a market capitalization of $8.45 billion, a PE ratio of -23.81 and a beta of 2.90. The stock has a fifty day moving average of $34.63 and a 200-day moving average of $37.79.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price objective on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Morgan Stanley lifted 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. TD Cowen reduced their price objective on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group cut their target price on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.21.

About Caesars Entertainment

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.