Westside Investment Management Inc. bought a new stake in Caesars Entertainment Co. (NASDAQ:CZR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 22,200 shares of the company’s stock, valued at approximately $151,000.

A number of other institutional investors have also recently modified their holdings of CZR. Alps Advisors Inc. acquired a new position in Caesars Entertainment during the 4th quarter valued at about $85,000. Levin Capital Strategies L.P. acquired a new position in Caesars Entertainment during the 3rd quarter valued at about $102,000. Lehman Financial Resources Inc. acquired a new position in Caesars Entertainment during the 3rd quarter valued at about $123,000. M&T Bank Corp boosted its stake in Caesars Entertainment by 44.4% during the 4th quarter. M&T Bank Corp now owns 19,854 shares of the company’s stock valued at $136,000 after purchasing an additional 6,100 shares during the last quarter. Finally, Oakbrook Investments LLC acquired a new position in Caesars Entertainment during the 3rd quarter valued at about $148,000.

In other news, Director Thomas M. Benninger acquired 41,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The shares were acquired at an average price of $7.79 per share, for a total transaction of $319,390.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Don R. Kornstein acquired 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 18th. The stock was purchased at an average price of $7.00 per share, for a total transaction of $140,000.00. Following the purchase, the director now owns 78,552 shares of the company’s stock, valued at approximately $549,864. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 81,000 shares of company stock worth $585,190. 0.92% of the stock is owned by company insiders.

Shares of NASDAQ CZR traded down $0.03 during midday trading on Tuesday, reaching $9.37. The company’s stock had a trading volume of 218,350 shares, compared to its average volume of 30,325,271. Caesars Entertainment Co. has a 12-month low of $5.84 and a 12-month high of $13.54. The company has a market capitalization of $6.30 billion, a PE ratio of -2.78 and a beta of 1.31. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 5.93.

A number of equities analysts have recently weighed in on CZR shares. Bank of America restated a “buy” rating and issued a $11.00 target price on shares of Caesars Entertainment in a research note on Tuesday, October 16th. Morgan Stanley set a $12.00 target price on Caesars Entertainment and gave the stock a “buy” rating in a research note on Friday, November 2nd. Oppenheimer set a $15.00 target price on Caesars Entertainment and gave the stock a “buy” rating in a research note on Thursday, November 1st. Deutsche Bank cut their target price on Caesars Entertainment from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, January 7th. Finally, Zacks Investment Research upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $12.00.

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About Caesars Entertainment

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 36,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

See Also: Consumer Price Index (CPI)

Institutional Ownership by Quarter for Caesars Entertainment (NASDAQ:CZR)

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