Arizona State Retirement System Purchases 470 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Arizona State Retirement System lifted its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 0.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,785 shares of the company’s stock after purchasing an additional 470 shares during the period. Arizona State Retirement System’s holdings in Caesars Entertainment were worth $2,098,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. US Bancorp DE raised its position in Caesars Entertainment by 87.9% in the third quarter. US Bancorp DE now owns 15,967 shares of the company’s stock worth $666,000 after acquiring an additional 7,469 shares during the period. Assetmark Inc. increased its stake in shares of Caesars Entertainment by 8.0% in the 3rd quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock worth $144,000 after purchasing an additional 256 shares in the last quarter. Atria Investments Inc raised its holdings in Caesars Entertainment by 27.4% in the 3rd quarter. Atria Investments Inc now owns 7,919 shares of the company’s stock worth $331,000 after purchasing an additional 1,703 shares during the period. Los Angeles Capital Management LLC purchased a new position in Caesars Entertainment during the third quarter valued at $741,000. Finally, Chartwell Investment Partners LLC bought a new stake in Caesars Entertainment during the third quarter valued at about $1,217,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

NASDAQ CZR opened at $27.26 on Tuesday. The stock has a market capitalization of $5.78 billion, a PE ratio of -16.32 and a beta of 2.97. Caesars Entertainment, Inc. has a 1-year low of $26.84 and a 1-year high of $45.93. The business has a 50 day simple moving average of $34.37 and a two-hundred day simple moving average of $37.60. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.20. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. On average, research analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JMP Securities decreased their price objective on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research note on Thursday, January 16th. Macquarie decreased their target price on shares of Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company dropped their price target on shares of Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Jefferies Financial Group decreased their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Finally, Truist Financial dropped their target price on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.43.

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.