Pekin Hardy Strauss Inc. Has $5.75 Million Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Pekin Hardy Strauss Inc. increased its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 52.8% in the 4th quarter, Holdings Channel reports. The firm owned 172,080 shares of the company’s stock after purchasing an additional 59,496 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Caesars Entertainment were worth $5,751,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. 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 purchasing an additional 248 shares during the last quarter. Assetmark Inc. lifted its holdings in Caesars Entertainment by 8.0% in the 3rd quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock worth $144,000 after purchasing an additional 256 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Caesars Entertainment by 3.0% in the 3rd quarter. Private Advisor Group LLC now owns 10,850 shares of the company’s stock worth $453,000 after purchasing an additional 317 shares during the last quarter. Fiduciary Family Office LLC lifted its holdings in Caesars Entertainment by 1.7% in the 3rd quarter. Fiduciary Family Office LLC now owns 25,215 shares of the company’s stock worth $1,052,000 after purchasing an additional 424 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Caesars Entertainment by 0.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 168,516 shares of the company’s stock worth $7,034,000 after purchasing an additional 582 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Stifel Nicolaus cut their price target on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Barclays cut their price target on Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, December 13th. StockNews.com upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. cut their price target on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Finally, TD Cowen cut their price target on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.21.

Caesars Entertainment Stock Performance

CZR opened at $35.34 on Friday. The stock’s 50 day simple moving average is $34.72 and its 200-day simple moving average is $37.86. Caesars Entertainment, Inc. has a 1 year low of $30.78 and a 1 year high of $45.93. The stock has a market cap of $7.51 billion, a PE ratio of -21.16 and a beta of 2.90. 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.