ING Groep NV Invests $35.80 Million in Caesars Entertainment, Inc. (NASDAQ:CZR)

ING Groep NV acquired a new position in Caesars Entertainment, Inc. (NASDAQ:CZR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,071,138 shares of the company’s stock, valued at approximately $35,797,000.

Other large investors also recently made changes to their positions in the company. Bogart Wealth LLC increased its position in shares of Caesars Entertainment by 1,777.8% in the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after acquiring an additional 800 shares in the last quarter. Huntington National Bank increased its position in shares of Caesars Entertainment by 3,203.8% in the third quarter. Huntington National Bank now owns 859 shares of the company’s stock worth $36,000 after acquiring an additional 833 shares in the last quarter. Quarry LP acquired a new stake in shares of Caesars Entertainment in the third quarter worth $68,000. Avior Wealth Management LLC increased its position in shares of Caesars Entertainment by 12,577.8% in the fourth quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock worth $76,000 after acquiring an additional 2,264 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of Caesars Entertainment by 9.8% in the third quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock worth $116,000 after acquiring an additional 248 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Trading Down 3.9 %

Caesars Entertainment stock opened at $37.97 on Thursday. The firm’s 50-day moving average is $34.76 and its 200-day moving average is $37.82. 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 1 year low of $30.78 and a 1 year high of $45.93. The company has a market cap of $8.07 billion, a P/E ratio of -22.74 and a beta of 2.90.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CZR. Barclays lowered their price target on shares of 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 lowered their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price target on shares of Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. JMP Securities lowered their price target on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a report on Thursday, January 16th. Finally, Jefferies Financial Group lowered their price target on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Caesars Entertainment 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.