Quantum Capital Management lifted its position in Caesars Entertainment Co. (NASDAQ:CZR) by 74.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 449,665 shares of the company’s stock after purchasing an additional 192,392 shares during the quarter. Caesars Entertainment accounts for 1.6% of Quantum Capital Management’s portfolio, making the stock its 7th largest position. Quantum Capital Management’s holdings in Caesars Entertainment were worth $4,609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thompson Siegel & Walmsley LLC grew its holdings in shares of Caesars Entertainment by 3.5% during the third quarter. Thompson Siegel & Walmsley LLC now owns 8,542,816 shares of the company’s stock worth $87,564,000 after purchasing an additional 285,428 shares during the last quarter. Serengeti Asset Management LP boosted its holdings in Caesars Entertainment by 50.0% in the third quarter. Serengeti Asset Management LP now owns 600,000 shares of the company’s stock valued at $6,150,000 after acquiring an additional 200,000 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Caesars Entertainment in the third quarter valued at about $416,000. Athena Capital Advisors LLC boosted its holdings in Caesars Entertainment by 100.0% in the third quarter. Athena Capital Advisors LLC now owns 48,342 shares of the company’s stock valued at $496,000 after acquiring an additional 24,171 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Caesars Entertainment by 35.3% in the third quarter. Victory Capital Management Inc. now owns 1,214,178 shares of the company’s stock valued at $12,445,000 after acquiring an additional 316,808 shares during the last quarter.

Shares of CZR opened at $8.26 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 5.93. Caesars Entertainment Co. has a 1 year low of $7.95 and a 1 year high of $14.50. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of -2.45, a P/E/G ratio of 12.78 and a beta of 0.81.

CZR has been the topic of several recent research reports. BidaskClub cut Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, November 10th. Zacks Investment Research upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Monday, October 8th. Deutsche Bank initiated coverage on Caesars Entertainment in a report on Tuesday, September 4th. They issued a “buy” rating and a $14.00 price target on the stock. UBS Group initiated coverage on Caesars Entertainment in a report on Monday, September 24th. They issued a “sell” rating and a $9.00 price target on the stock. Finally, Oppenheimer set a $15.00 price target on Caesars Entertainment and gave the company a “buy” rating in a report on Thursday, November 1st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $13.10.

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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.

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

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