Principal Financial Group Inc. Has $42.71 Million Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Principal Financial Group Inc. lowered its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 12.1% during the fourth quarter, Holdings Channel reports. The firm owned 1,277,956 shares of the company’s stock after selling 176,564 shares during the period. Principal Financial Group Inc.’s holdings in Caesars Entertainment were worth $42,709,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CZR. Guyasuta Investment Advisors Inc. bought a new position in Caesars Entertainment in the fourth quarter valued at about $385,000. Villere ST Denis J & Co. LLC lifted its stake in Caesars Entertainment by 6.2% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company’s stock valued at $26,877,000 after buying an additional 47,294 shares during the period. Vontobel Holding Ltd. acquired a new position in Caesars Entertainment in the fourth quarter valued at approximately $760,000. Bogart Wealth LLC lifted its stake in Caesars Entertainment by 1,777.8% in the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after buying an additional 800 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Caesars Entertainment by 23.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 5,063 shares of the company’s stock valued at $168,000 after acquiring an additional 969 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CZR. Macquarie reiterated an “outperform” rating and set a $50.00 price target on shares of Caesars Entertainment in a report on Wednesday, October 30th. Wells Fargo & Company dropped their price target on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. JMP Securities dropped their price target on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research report on Thursday, January 16th. TD Cowen dropped their price objective on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Finally, Truist Financial lowered their price target on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.21.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock opened at $37.76 on Friday. The firm has a market cap of $8.02 billion, a PE ratio of -22.61 and a beta of 2.90. Caesars Entertainment, Inc. has a 12 month low of $30.78 and a 12 month high of $45.93. The stock has a 50 day moving average of $34.76 and a 200 day moving average of $37.82. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84.

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.