ING Groep NV Invests $35.80 Million in Caesars Entertainment, Inc. (NASDAQ:CZR)

ING Groep NV purchased a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,071,138 shares of the company’s stock, valued at approximately $35,797,000. ING Groep NV owned 0.50% of Caesars Entertainment as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bogart Wealth LLC increased its stake in shares of Caesars Entertainment by 1,777.8% during the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after acquiring an additional 800 shares during the period. Huntington National Bank increased its stake in shares of Caesars Entertainment by 3,203.8% during the third quarter. Huntington National Bank now owns 859 shares of the company’s stock worth $36,000 after acquiring an additional 833 shares during the period. Quarry LP purchased a new stake in Caesars Entertainment during the third quarter worth about $68,000. Avior Wealth Management LLC boosted its holdings in Caesars Entertainment by 12,577.8% during the fourth quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock worth $76,000 after buying an additional 2,264 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Caesars Entertainment by 9.8% during the third quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock worth $116,000 after buying an additional 248 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Stock Performance

Shares of CZR stock opened at $37.97 on Thursday. Caesars Entertainment, Inc. has a one year low of $30.78 and a one year high of $45.93. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The company has a 50 day moving average price of $34.76 and a 200 day moving average price of $37.82. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of -22.74 and a beta of 2.90.

Wall Street Analyst Weigh In

A number of analysts recently commented on CZR shares. Macquarie reissued an “outperform” rating and set a $50.00 price objective on shares of Caesars Entertainment in a report on Wednesday, October 30th. JMP Securities decreased their price objective on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a report on Thursday, January 16th. Truist Financial decreased their price objective on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company decreased their price objective on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, TD Cowen reduced their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Caesars Entertainment currently has a consensus rating of “Moderate Buy” and an average price target of $51.21.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.