Wolverine Asset Management LLC Purchases 301,121 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Wolverine Asset Management LLC increased its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 660.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 346,692 shares of the company’s stock after purchasing an additional 301,121 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.16% of Caesars Entertainment worth $11,586,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Bogart Wealth LLC raised its holdings in Caesars Entertainment by 1,777.8% in the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after acquiring an additional 800 shares during the period. Huntington National Bank raised its holdings in Caesars Entertainment by 3,203.8% in the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after acquiring an additional 833 shares during the period. Quarry LP bought a new position in Caesars Entertainment in the 3rd quarter valued at about $68,000. Avior Wealth Management LLC raised its holdings in Caesars Entertainment by 12,577.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock valued at $76,000 after acquiring an additional 2,264 shares during the period. Finally, Signaturefd LLC raised its holdings in Caesars Entertainment by 9.8% in the 3rd quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock valued at $116,000 after acquiring an additional 248 shares during the period. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Stock Performance

NASDAQ CZR opened at $37.76 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The firm has a market capitalization of $8.02 billion, a price-to-earnings ratio of -22.61 and a beta of 2.90. The firm’s 50 day simple moving average is $34.76 and its 200 day simple moving average is $37.82. Caesars Entertainment, Inc. has a 1 year low of $30.78 and a 1 year high of $45.93.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CZR shares. Macquarie reissued an “outperform” rating and issued a $50.00 price target on shares of Caesars Entertainment in a report on Wednesday, October 30th. JMP Securities lowered their target price 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. Wells Fargo & Company lowered their target price 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. Jefferies Financial Group lowered their target price on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Finally, Truist Financial lowered their target price 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock 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.