Pictet Asset Management SA Sells 1,994 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Pictet Asset Management SA trimmed its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZRGet Rating) by 2.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 82,754 shares of the company’s stock after selling 1,994 shares during the quarter. Pictet Asset Management SA’s holdings in Caesars Entertainment were worth $3,170,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. State of Michigan Retirement System boosted its position in shares of Caesars Entertainment by 0.4% in the first quarter. State of Michigan Retirement System now owns 53,997 shares of the company’s stock worth $4,177,000 after purchasing an additional 197 shares during the period. CIBC Asset Management Inc boosted its position in shares of Caesars Entertainment by 1.0% in the first quarter. CIBC Asset Management Inc now owns 19,967 shares of the company’s stock worth $1,545,000 after purchasing an additional 201 shares during the period. Kestra Advisory Services LLC boosted its position in shares of Caesars Entertainment by 7.6% in the first quarter. Kestra Advisory Services LLC now owns 2,899 shares of the company’s stock worth $224,000 after purchasing an additional 205 shares during the period. Centaurus Financial Inc. lifted its holdings in shares of Caesars Entertainment by 19.3% in the first quarter. Centaurus Financial Inc. now owns 1,412 shares of the company’s stock worth $109,000 after buying an additional 228 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of Caesars Entertainment by 0.3% in the second quarter. Retirement Systems of Alabama now owns 71,065 shares of the company’s stock worth $2,722,000 after buying an additional 236 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors.

Caesars Entertainment Trading Up 0.4 %

Shares of CZR opened at $49.98 on Monday. Caesars Entertainment, Inc. has a twelve month low of $31.31 and a twelve month high of $97.39. The company has a market cap of $10.72 billion, a P/E ratio of -9.02 and a beta of 2.83. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 6.53. The company’s fifty day simple moving average is $41.64 and its 200-day simple moving average is $44.26.

Analyst Ratings Changes

CZR has been the topic of several research analyst reports. Barclays boosted their target price on shares of Caesars Entertainment from $56.00 to $65.00 in a report on Wednesday, August 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Caesars Entertainment from $90.00 to $64.00 in a report on Wednesday, August 3rd. Wells Fargo & Company boosted their target price on shares of Caesars Entertainment from $64.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, November 2nd. Susquehanna lowered their target price on shares of Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating on the stock in a report on Monday, October 3rd. Finally, Susquehanna Bancshares lowered their target price on shares of Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating on the stock in a report on Monday, October 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Caesars Entertainment presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.19.

Insider Activity

In other news, Director Michael E. Pegram bought 25,000 shares of Caesars Entertainment stock in a transaction dated Friday, November 4th. The shares were acquired at an average price of $44.74 per share, with a total value of $1,118,500.00. Following the completion of the purchase, the director now owns 96,697 shares in the company, valued at approximately $4,326,223.78. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company’s stock.

Caesars Entertainment Company Profile

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Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company operates casinos comprising poker, keno, and race and online sportsbooks; dining venues, bars, nightclubs, and lounges; hotels; and entertainment venues. It also provides staffing and management services; accessories, souvenirs, and decorative items through retail stores; and online sports betting and iGaming services.

Further Reading

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Institutional Ownership by Quarter for Caesars Entertainment (NASDAQ:CZR)

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