Calamos Advisors LLC Has $6.22 Million Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

Calamos Advisors LLC cut its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 4.0% during the fourth quarter, HoldingsChannel reports. The firm owned 186,104 shares of the company’s stock after selling 7,677 shares during the period. Calamos Advisors LLC’s holdings in Caesars Entertainment were worth $6,220,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Signaturefd LLC grew its holdings in Caesars Entertainment by 9.8% during the 3rd quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock worth $116,000 after acquiring an additional 248 shares during the last quarter. Assetmark Inc. lifted its position in shares of Caesars Entertainment by 8.0% during the third quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock worth $144,000 after purchasing an additional 256 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Caesars Entertainment by 3.0% during the third quarter. Private Advisor Group LLC now owns 10,850 shares of the company’s stock valued at $453,000 after purchasing an additional 317 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Caesars Entertainment by 25.1% in the third quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock valued at $84,000 after purchasing an additional 403 shares in the last quarter. Finally, Fiduciary Family Office LLC raised its position in Caesars Entertainment by 1.7% in the 3rd quarter. Fiduciary Family Office LLC now owns 25,215 shares of the company’s stock worth $1,052,000 after purchasing an additional 424 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Trading Up 1.7 %

NASDAQ CZR opened at $36.13 on Wednesday. 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 current ratio of 0.84 and a quick ratio of 0.82. The firm has a market cap of $7.68 billion, a P/E ratio of -21.63 and a beta of 2.90. The stock’s 50-day moving average is $34.88 and its 200-day moving average is $37.74.

Analyst Ratings Changes

A number of research analysts have commented on CZR shares. Truist Financial decreased their price objective on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Barclays decreased their price target on Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, December 13th. Macquarie reissued an “outperform” rating and set a $50.00 price objective on shares of Caesars Entertainment in a report on Wednesday, October 30th. JPMorgan Chase & Co. reduced their target price on shares of Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Finally, Wells Fargo & Company dropped their price target on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Caesars Entertainment has an average rating of “Moderate Buy” and a consensus price target of $51.21.

About Caesars Entertainment

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.