Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Caesars Entertainment Co. (NASDAQ:CZR) by 8.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 39,676 shares of the company’s stock after buying an additional 3,087 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Caesars Entertainment were worth $269,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CZR. Dimensional Fund Advisors LP grew its holdings in Caesars Entertainment by 146.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 660,885 shares of the company’s stock worth $7,069,000 after acquiring an additional 393,188 shares in the last quarter. California Public Employees Retirement System increased its stake in Caesars Entertainment by 84.5% in the 2nd quarter. California Public Employees Retirement System now owns 594,800 shares of the company’s stock valued at $6,364,000 after buying an additional 272,461 shares during the period. Bank of New York Mellon Corp increased its stake in Caesars Entertainment by 113.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,334,380 shares of the company’s stock valued at $14,278,000 after buying an additional 709,373 shares during the period. Northern Trust Corp increased its stake in Caesars Entertainment by 25.7% in the 2nd quarter. Northern Trust Corp now owns 1,895,192 shares of the company’s stock valued at $20,279,000 after buying an additional 386,989 shares during the period. Finally, Selz Capital LLC increased its stake in Caesars Entertainment by 2.1% in the 3rd quarter. Selz Capital LLC now owns 3,175,483 shares of the company’s stock valued at $32,548,000 after buying an additional 65,000 shares during the period.

NASDAQ CZR traded up $0.02 during mid-day trading on Monday, hitting $9.34. The company’s stock had a trading volume of 138,276 shares, compared to its average volume of 31,551,564. Caesars Entertainment Co. has a 52-week low of $5.84 and a 52-week high of $13.54. The company has a debt-to-equity ratio of 5.93, a quick ratio of 1.14 and a current ratio of 1.16. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of -2.77 and a beta of 1.31.

In other news, Director Don R. Kornstein acquired 20,000 shares of the stock in a transaction on Friday, December 21st. The stock was bought at an average price of $6.29 per share, with a total value of $125,800.00. Following the completion of the transaction, the director now directly owns 88,552 shares of the company’s stock, valued at $556,992.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas M. Benninger acquired 41,000 shares of the stock in a transaction on Tuesday, November 20th. The stock was purchased at an average cost of $7.79 per share, with a total value of $319,390.00. The disclosure for this purchase can be found here. Insiders purchased 81,000 shares of company stock worth $585,190 in the last 90 days. 0.92% of the stock is currently owned by insiders.

CZR has been the topic of several recent research reports. UBS Group raised shares of Caesars Entertainment from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $9.00 to $7.00 in a research note on Wednesday, January 2nd. BidaskClub cut shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, November 10th. Zacks Investment Research lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. Oppenheimer set a $15.00 target price on shares of Caesars Entertainment and gave the company a “buy” rating in a report on Thursday, November 1st. Finally, Morgan Stanley set a $12.00 price objective on shares of Caesars Entertainment and gave the stock a “buy” rating in a report on Friday, November 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $12.00.

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Caesars Entertainment Company Profile

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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