Guyasuta Investment Advisors Inc. Invests $385,000 in Caesars Entertainment, Inc. (NASDAQ:CZR)

Guyasuta Investment Advisors Inc. purchased a new position in Caesars Entertainment, Inc. (NASDAQ:CZR) in the 4th quarter, Holdings Channel.com reports. The fund purchased 11,530 shares of the company’s stock, valued at approximately $385,000.

Several other hedge funds have also added to or reduced their stakes in CZR. Bogart Wealth LLC lifted its stake in Caesars Entertainment by 1,777.8% in the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after purchasing an additional 800 shares during the last quarter. Huntington National Bank raised its stake in shares of Caesars Entertainment by 3,203.8% during the third quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after acquiring an additional 833 shares during the last quarter. Quarry LP bought a new position in shares of Caesars Entertainment during the third quarter valued at about $68,000. Avior Wealth Management LLC raised its stake in shares of Caesars Entertainment by 12,577.8% during the fourth quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock valued at $76,000 after acquiring an additional 2,264 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Caesars Entertainment by 9.8% during the third quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock valued at $116,000 after acquiring an additional 248 shares during the last quarter. 91.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Barclays lowered their price objective on shares of Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. JMP Securities reduced their price target on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research report on Thursday, January 16th. TD Cowen reduced their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Finally, Truist Financial reduced their price target on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Caesars Entertainment presently has an average rating of “Moderate Buy” and an average target price of $51.21.

Caesars Entertainment Trading Up 2.3 %

Shares of CZR opened at $39.76 on Friday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment, Inc. has a fifty-two week low of $30.78 and a fifty-two week high of $45.93. The firm’s 50-day simple moving average is $34.63 and its two-hundred day simple moving average is $37.79.

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.