ING Groep NV Has $16.21 Million Position in Caesars Entertainment, Inc. $CZR

ING Groep NV boosted its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 80.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 599,854 shares of the company’s stock after acquiring an additional 266,917 shares during the period. ING Groep NV’s holdings in Caesars Entertainment were worth $16,211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CZR. Hantz Financial Services Inc. increased its holdings in shares of Caesars Entertainment by 110.6% in the third quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 510 shares during the last quarter. Mather Group LLC. acquired a new position in Caesars Entertainment in the 3rd quarter valued at about $28,000. Salomon & Ludwin LLC bought a new position in Caesars Entertainment in the 3rd quarter valued at about $41,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Caesars Entertainment during the third quarter worth approximately $49,000. Finally, Resona Asset Management Co. Ltd. boosted its holdings in shares of Caesars Entertainment by 30.3% during the second quarter. Resona Asset Management Co. Ltd. now owns 2,357 shares of the company’s stock worth $68,000 after acquiring an additional 548 shares during the period. 91.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CZR. The Goldman Sachs Group lowered Caesars Entertainment from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $24.00 in a research note on Monday, December 15th. Morgan Stanley lowered their price objective on Caesars Entertainment from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, January 16th. JMP Securities reduced their target price on shares of Caesars Entertainment from $41.00 to $40.00 and set a “market outperform” rating for the company in a research report on Friday, October 17th. JPMorgan Chase & Co. decreased their price target on shares of Caesars Entertainment from $43.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Finally, Zacks Research cut shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Caesars Entertainment has an average rating of “Moderate Buy” and a consensus target price of $34.61.

Caesars Entertainment Trading Down 4.4%

Shares of CZR stock opened at $19.84 on Thursday. Caesars Entertainment, Inc. has a fifty-two week low of $18.25 and a fifty-two week high of $40.00. The stock’s fifty day moving average price is $23.20 and its two-hundred day moving average price is $23.70. The company has a debt-to-equity ratio of 6.23, a quick ratio of 0.76 and a current ratio of 0.78. The company has a market cap of $4.05 billion, a PE ratio of -17.25, a P/E/G ratio of 5.63 and a beta of 2.03.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.