DAVENPORT & Co LLC boosts holdings in CZR.

DAVENPORT & Co LLC increased its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 4.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm now owns 60,931 shares of the company’s stock, valued at $2,974,000, after acquiring an additional 2,570 shares during the period. DAVENPORT & Co LLC’s holdings in Caesars Entertainment were worth $2,974,000 at the end of the most recent quarter.
In addition, several other hedge funds and institutional investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its stake in Caesars Entertainment by 1.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the company’s stock valued at $578,000 after purchasing an additional 200 shares in the last quarter. Soros Capital Management LLC increased its holdings in Caesars Entertainment by 0.4% in the 4th quarter. Soros Capital Management LLC now owns 47,164 shares of the company’s stock valued at $1,962,000 after acquiring an additional 200 shares during the period. Czech National Bank raised its position in Caesars Entertainment by 0.9% in the 4th quarter. Czech National Bank now owns 25,115 shares of the company’s stock worth $1,045,000 after acquiring an additional 213 shares in the last quarter. CWM LLC lifted its stake in Caesars Entertainment by 5.8% during the 4th quarter. CWM LLC now owns 4,017 shares of the company’s stock worth $167,000 after purchasing an additional 219 shares during the last quarter. Finally, Centaurus Financial Inc. boosted its position in Caesars Entertainment by 19.3% during the first quarter. Centaurus Financial Inc. now owns 1,412 shares of the company’s stock valued at $109,000 after purchasing an additional 228 shares in the last quarter.
Wall Street analysts have recently provided their opinions on the stock. Wells Fargo & Company lowered their price target on shares of Caesars Entertainment from $74.00 to $73.00 in a report on Thursday. Morgan Stanley lifted their price target on shares of Caesars Entertainment from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft decreased their price objective on Caesars Entertainment from $70.00 to $68.00 in a report on Wednesday, May 3rd. Susquehanna upgraded Caesars Entertainment from a “negative” rating to a “neutral” rating and boosted their target price for the stock from $27.00 to $39.00 in a research note on Thursday, May 25th. Finally, StockNews.com lowered Caesars Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Caesars Entertainment presently has a consensus rating of “Hold” and an average target price of $66.38.
Caesars Entertainment, Inc. operates as a gaming and hospitality company in the United States. The company owns, leases, or manages properties in 16 states with slot machines, video lottery terminals and e-tables, hotel rooms, and table games including poker. It also operates and conducts sports wagering across 28 jurisdictions in North America, including mobile for sports betting and regulated online real money gaming in six jurisdictions in North America; retail and online gaming and sports betting; and other games, such as keno.

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