Wolverine Asset Management LLC Has $11.59 Million Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Wolverine Asset Management LLC raised its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 660.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 346,692 shares of the company’s stock after buying an additional 301,121 shares during the period. Wolverine Asset Management LLC’s holdings in Caesars Entertainment were worth $11,586,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its position in Caesars Entertainment by 9.8% in the third quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock valued at $116,000 after buying an additional 248 shares in the last quarter. Assetmark Inc. raised its stake in shares of Caesars Entertainment by 8.0% during the third quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock valued at $144,000 after acquiring an additional 256 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Caesars Entertainment by 3.0% during the third quarter. Private Advisor Group LLC now owns 10,850 shares of the company’s stock valued at $453,000 after acquiring an additional 317 shares during the last quarter. Fiduciary Family Office LLC raised its stake in shares of Caesars Entertainment by 1.7% during the third quarter. Fiduciary Family Office LLC now owns 25,215 shares of the company’s stock valued at $1,052,000 after acquiring an additional 424 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Caesars Entertainment by 0.3% during the third quarter. The Manufacturers Life Insurance Company now owns 168,516 shares of the company’s stock valued at $7,034,000 after acquiring an additional 582 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Trading Down 0.6 %

CZR opened at $37.76 on Friday. Caesars Entertainment, Inc. has a 1-year low of $30.78 and a 1-year high of $45.93. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The company has a market cap of $8.02 billion, a P/E ratio of -22.61 and a beta of 2.90. The company has a fifty day moving average price of $34.76 and a two-hundred day moving average price of $37.82.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CZR. TD Cowen dropped their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Jefferies Financial Group dropped their price target on shares of 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 dropped their price target on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Macquarie reaffirmed an “outperform” rating and set a $50.00 price target on shares of Caesars Entertainment in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. 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 stock. According to MarketBeat.com, 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.