Thrivent Financial for Lutherans Increases Stock Holdings in Caesars Entertainment, Inc. $CZR

Thrivent Financial for Lutherans raised its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 1,735.3% in the third quarter, HoldingsChannel reports. The firm owned 150,052 shares of the company’s stock after buying an additional 141,876 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Caesars Entertainment were worth $4,055,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. AlphaQuest LLC boosted its holdings in shares of Caesars Entertainment by 32.0% in the third quarter. AlphaQuest LLC now owns 25,066 shares of the company’s stock worth $677,000 after buying an additional 6,082 shares during the last quarter. AE Wealth Management LLC bought a new position in Caesars Entertainment in the third quarter worth approximately $270,000. New York State Common Retirement Fund boosted its stake in shares of Caesars Entertainment by 2.8% during the 3rd quarter. New York State Common Retirement Fund now owns 471,009 shares of the company’s stock worth $12,729,000 after acquiring an additional 12,913 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Caesars Entertainment during the 3rd quarter valued at $49,000. Finally, Sage Rhino Capital LLC bought a new stake in shares of Caesars Entertainment during the 3rd quarter valued at $202,000. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

CZR stock opened at $20.52 on Friday. The company has a debt-to-equity ratio of 6.23, a quick ratio of 0.76 and a current ratio of 0.78. The company’s fifty day moving average price is $23.38 and its 200-day moving average price is $23.89. Caesars Entertainment, Inc. has a one year low of $18.25 and a one year high of $40.00. The company has a market capitalization of $4.19 billion, a PE ratio of -17.84, a price-to-earnings-growth ratio of 5.57 and a beta of 2.03.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CZR shares. Stifel Nicolaus lowered their target price on Caesars Entertainment from $43.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on Caesars Entertainment from $50.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Truist Financial cut their price objective on Caesars Entertainment from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Wells Fargo & Company started coverage on shares of Caesars Entertainment in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $21.00 target price on the stock. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Caesars Entertainment in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Caesars Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of $34.61.

Caesars Entertainment 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.