Caesars Entertainment, Inc. $CZR Holdings Lifted by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC increased its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 31.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,038,870 shares of the company’s stock after acquiring an additional 249,603 shares during the period. Caesars Entertainment makes up about 2.7% of Villere ST Denis J & Co. LLC’s investment portfolio, making the stock its 15th largest position. Villere ST Denis J & Co. LLC’s holdings in Caesars Entertainment were worth $28,075,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its position in shares of Caesars Entertainment by 30.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 8,166 shares of the company’s stock valued at $221,000 after purchasing an additional 1,920 shares in the last quarter. Lebenthal Global Advisors LLC boosted its holdings in Caesars Entertainment by 112.7% during the third quarter. Lebenthal Global Advisors LLC now owns 23,154 shares of the company’s stock worth $626,000 after buying an additional 12,266 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Caesars Entertainment by 56.4% during the third quarter. Principal Financial Group Inc. now owns 1,700,389 shares of the company’s stock worth $45,953,000 after buying an additional 612,837 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Caesars Entertainment by 1,735.3% in the third quarter. Thrivent Financial for Lutherans now owns 150,052 shares of the company’s stock worth $4,055,000 after buying an additional 141,876 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Caesars Entertainment by 32.0% in the third quarter. AlphaQuest LLC now owns 25,066 shares of the company’s stock valued at $677,000 after buying an additional 6,082 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CZR has been the subject of several research reports. Wells Fargo & Company began coverage on Caesars Entertainment in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $21.00 price objective for the company. Stifel Nicolaus decreased their price target on Caesars Entertainment from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Truist Financial dropped their price target on Caesars Entertainment from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Wall Street Zen lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, Citizens Jmp decreased their target price on shares of Caesars Entertainment from $40.00 to $37.00 and set a “market outperform” rating for the company in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.61.

Caesars Entertainment Stock Down 0.5%

Shares of Caesars Entertainment stock opened at $20.59 on Tuesday. Caesars Entertainment, Inc. has a 1 year low of $18.25 and a 1 year high of $40.00. The company has a market cap of $4.20 billion, a P/E ratio of -17.90, a P/E/G ratio of 5.62 and a beta of 2.03. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 6.23. The stock has a 50-day moving average price of $23.53 and a 200 day moving average price of $24.10.

Caesars Entertainment 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.