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Highlights
- Financial firms have adjusted their stakes in Caesars Entertainment, reflecting changes in investment strategies.
- Mixed ratings from financial institutions, with revisions in price expectations.
- Caesars Entertainment maintains a strong presence in gaming, hospitality, and sports betting.
Caesars Entertainment, Inc. (NASDAQ:CZR) has seen notable changes in investment allocations among institutional firms. During the fourth quarter, abrdn plc decreased its holdings in Caesars Entertainment by 9.9%, selling a portion of its shares. This adjustment resulted in a total ownership of 14,770 shares, valued at nearly half a million dollars at the time of reporting.
Investment Adjustments Among Institutions
The Other financial firms took varied approaches. Osborne Partners Capital Management LLC expanded its position by 1.9%, while DAVENPORT & Co LLC significantly increased its holdings, acquiring over 298,000 additional shares. Similarly, KBC Group NV and Lebenthal Global Advisors LLC grew their stakes by 26.9% and 5.7%, respectively. As a result, institutional investors and hedge funds collectively hold approximately 91.79% of Caesars Entertainment’s stock.
Market Performance and Stock Valuation
Caesars Entertainment's stock opened at $35.49 recently, showing movement within its trading range. The company maintains a 50-day moving average of $34.62 and a 200-day moving average of $37.77. Its market capitalization currently stands at $7.54 billion, while its price-to-earnings ratio remains at -21.25.
The stock has fluctuated significantly over the past year, reaching a 52-week high of $45.93 and a low of $30.78. Key financial ratios include a current ratio of 0.84 and a debt-to-equity ratio of 2.84, reflecting the company’s financial structuring and leveraged position in the market.
Revised Financial Expectations and Market Ratings
Caesars Entertainment has been the subject of several rating adjustments. Stifel Nicolaus revised its price target from $54.00 to $51.00. TD Cowen adjusted its price expectation from $50.00 to $48.00, while Wells Fargo & Company reduced its projection from $58.00 to $53.00.
Morgan Stanley raised its price target from $40.00 to $42.00, assigning an equal weight status, while Truist Financial lowered its estimate from $52.00 to $48.00. Overall, Caesars Entertainment holds a consensus rating reflecting a mix of positive and neutral assessments.
Caesars Entertainment’s Business Landscape
Caesars Entertainment operates an extensive network of gaming and hospitality properties across multiple states. The company’s offerings include slot machines, e-tables, and traditional table games such as poker. Caesars has also expanded its presence in sports betting, with retail and online operations in more than 30 jurisdictions. Additionally, iGaming services are available in select regions.
With institutional investments shifting, financial firms revising expectations, and market performance remaining dynamic, Caesars Entertainment continues to be a key entity in the gaming and hospitality sector.
