Paradigm Asset Management Co. LLC Takes Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Paradigm Asset Management Co. LLC bought a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 22,600 shares of the company’s stock, valued at approximately $755,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Bogart Wealth LLC grew its position 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 acquiring an additional 800 shares in the last quarter. Huntington National Bank boosted its stake 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 valued at $36,000 after purchasing an additional 833 shares during the period. Quarry LP acquired a new stake in Caesars Entertainment during the 3rd quarter valued at $68,000. Avior Wealth Management LLC increased its stake in Caesars Entertainment by 12,577.8% during the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock worth $76,000 after buying an additional 2,264 shares during the period. Finally, Signaturefd LLC lifted its holdings in Caesars Entertainment by 9.8% in the 3rd quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock worth $116,000 after buying an additional 248 shares in the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

Caesars Entertainment Trading Down 6.4 %

Caesars Entertainment stock opened at $35.34 on Friday. Caesars Entertainment, Inc. has a 1 year low of $30.78 and a 1 year high of $45.93. The firm’s 50-day moving average is $34.72 and its 200-day moving average is $37.84. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The company has a market cap of $7.51 billion, a P/E ratio of -21.16 and a beta of 2.90.

Wall Street Analysts Forecast Growth

CZR has been the subject of several recent analyst reports. Jefferies Financial Group lowered their target price on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Wells Fargo & Company lowered their price objective on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. 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 report on Thursday, January 23rd. Barclays decreased their price target on shares of Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. cut their price target on shares of Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $51.21.

Caesars Entertainment Company 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.