Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 16.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 149,009 shares of the company’s stock after selling 29,031 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Caesars Entertainment worth $6,986,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CZR. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Caesars Entertainment in the 3rd quarter valued at approximately $32,000. Covestor Ltd increased its holdings in Caesars Entertainment by 22.9% in the third quarter. Covestor Ltd now owns 2,575 shares of the company’s stock valued at $119,000 after buying an additional 480 shares in the last quarter. Signaturefd LLC lifted its position in shares of Caesars Entertainment by 33.3% during the 3rd quarter. Signaturefd LLC now owns 2,603 shares of the company’s stock valued at $121,000 after acquiring an additional 650 shares during the period. Assetmark Inc. grew its holdings in shares of Caesars Entertainment by 10.6% in the 3rd quarter. Assetmark Inc. now owns 2,713 shares of the company’s stock worth $126,000 after acquiring an additional 261 shares during the period. Finally, Aspire Private Capital LLC increased its stake in Caesars Entertainment by 30.9% in the 3rd quarter. Aspire Private Capital LLC now owns 2,833 shares of the company’s stock valued at $131,000 after purchasing an additional 669 shares in the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on CZR. Morgan Stanley upped their target price on Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Stifel Nicolaus decreased their price objective on shares of Caesars Entertainment from $67.00 to $54.00 and set a “buy” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, January 9th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Finally, TD Cowen dropped their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.83.

Caesars Entertainment Trading Up 0.5 %

Shares of CZR opened at $35.33 on Friday. Caesars Entertainment, Inc. has a fifty-two week low of $35.09 and a fifty-two week high of $60.27. The company has a market capitalization of $7.65 billion, a PE ratio of 10.01 and a beta of 2.83. The stock has a fifty day moving average of $40.67 and a two-hundred day moving average of $43.09. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.74 and a current ratio of 0.69.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, analysts forecast that Caesars Entertainment, Inc. will post 1.02 EPS for the current year.

Insider Transactions at Caesars Entertainment

In related news, Director Michael E. Pegram purchased 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average price of $41.45 per share, with a total value of $621,750.00. Following the completion of the transaction, the director now owns 4,612 shares of the company’s stock, valued at approximately $191,167.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.64% of the company’s stock.

Caesars Entertainment Company Profile

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.