Caesars Entertainment, Inc. $CZR Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 56.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,700,389 shares of the company’s stock after purchasing an additional 612,837 shares during the period. Principal Financial Group Inc.’s holdings in Caesars Entertainment were worth $45,953,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JFS Wealth Advisors LLC boosted its position in Caesars Entertainment by 508.5% during the second quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock worth $25,000 after purchasing an additional 722 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Caesars Entertainment in the third quarter valued at approximately $28,000. Farther Finance Advisors LLC raised its stake in shares of Caesars Entertainment by 168.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company’s stock worth $32,000 after buying an additional 711 shares during the period. Salomon & Ludwin LLC acquired a new position in shares of Caesars Entertainment during the 3rd quarter worth approximately $41,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Caesars Entertainment during the 3rd quarter valued at approximately $49,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $21.95 on Thursday. The firm has a 50-day simple moving average of $23.48 and a 200-day simple moving average of $24.02. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 6.23. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of -19.09, a price-to-earnings-growth ratio of 5.58 and a beta of 2.03. Caesars Entertainment, Inc. has a 52 week low of $18.25 and a 52 week high of $40.00.

Analysts Set New Price Targets

CZR has been the subject of several recent analyst reports. Macquarie cut their price target on shares of Caesars Entertainment from $40.00 to $33.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Citizens Jmp dropped their target price on shares of Caesars Entertainment from $40.00 to $37.00 and set a “market outperform” rating on the stock in a research report on Wednesday, October 29th. JMP Securities cut 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 note on Friday, October 17th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Caesars Entertainment from $50.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Finally, Wall Street Zen cut Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Caesars Entertainment has an average rating of “Moderate Buy” and an average target price of $34.61.

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.