9,843 Shares in Caesars Entertainment, Inc. (NASDAQ:CZR) Acquired by Baird Financial Group Inc.

Baird Financial Group Inc. bought a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZRGet Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,843 shares of the company’s stock, valued at approximately $377,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Michigan Retirement System lifted its stake in Caesars Entertainment by 0.4% during the 1st quarter. State of Michigan Retirement System now owns 53,997 shares of the company’s stock worth $4,177,000 after acquiring an additional 197 shares in the last quarter. CIBC Asset Management Inc boosted its position in Caesars Entertainment by 1.0% during the 1st 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 grew its stake in 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 in the last quarter. Centaurus Financial Inc. increased its position in Caesars Entertainment by 19.3% in the 1st quarter. Centaurus Financial Inc. now owns 1,412 shares of the company’s stock valued at $109,000 after acquiring an additional 228 shares during the period. Finally, Retirement Systems of Alabama raised its holdings in Caesars Entertainment by 0.3% during the 2nd 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 during the period. Institutional investors own 95.55% of the company’s stock.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $48.57 on Tuesday. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.80 and a quick ratio of 0.78. The company has a market cap of $10.42 billion, a PE ratio of -8.77 and a beta of 2.83. The stock has a fifty day moving average price of $41.61 and a 200 day moving average price of $44.16. Caesars Entertainment, Inc. has a 1-year low of $31.31 and a 1-year high of $97.39.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Caesars Entertainment from $90.00 to $64.00 in a report on Wednesday, August 3rd. Barclays raised their price target on shares of Caesars Entertainment from $56.00 to $65.00 in a report on Wednesday, August 3rd. Susquehanna Bancshares reduced their target price on shares of Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating for the company in a research note on Monday, October 3rd. Cowen cut their target price on Caesars Entertainment from $105.00 to $87.00 in a research note on Wednesday, August 3rd. Finally, Truist Financial reduced their price target on Caesars Entertainment from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, October 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.19.

Insider Buying and Selling

In other Caesars Entertainment news, Director Michael E. Pegram purchased 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The shares were purchased at an average cost of $44.74 per share, for a total transaction of $1,118,500.00. Following the completion of the purchase, the director now directly owns 96,697 shares in the company, valued at $4,326,223.78. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Caesars Entertainment 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.

See Also

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

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