California Public Employees Retirement System lowered its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 340,216 shares of the company's stock after selling 34,563 shares during the quarter. California Public Employees Retirement System owned 0.16% of Caesars Entertainment worth $11,370,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Caesars Entertainment by 1.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,504 shares of the company's stock valued at $1,287,000 after purchasing an additional 408 shares during the period. Arizona State Retirement System increased its position in shares of Caesars Entertainment by 0.8% during the fourth quarter. Arizona State Retirement System now owns 62,785 shares of the company's stock worth $2,098,000 after acquiring an additional 470 shares during the last quarter. Lebenthal Global Advisors LLC increased its position in shares of Caesars Entertainment by 5.7% during the fourth quarter. Lebenthal Global Advisors LLC now owns 10,890 shares of the company's stock worth $364,000 after acquiring an additional 587 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Caesars Entertainment by 12.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 5,563 shares of the company's stock worth $186,000 after acquiring an additional 601 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Caesars Entertainment by 3.7% during the third quarter. Captrust Financial Advisors now owns 20,038 shares of the company's stock worth $836,000 after acquiring an additional 720 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company's stock.
Caesars Entertainment Stock Performance
CZR stock traded down $1.96 on Thursday, reaching $25.61. The company's stock had a trading volume of 903,503 shares, compared to its average volume of 4,780,119. Caesars Entertainment, Inc. has a 52 week low of $21.40 and a 52 week high of $45.93. The company has a market capitalization of $5.43 billion, a P/E ratio of -15.36 and a beta of 2.67. The firm has a fifty day moving average of $30.78 and a two-hundred day moving average of $35.60. 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) 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 return on equity of 4.44% and a negative net margin of 3.20%. As a group, analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.
Analysts Set New Price Targets
CZR has been the topic of a number of analyst reports. Wells Fargo & Company dropped their target price on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Capital One Financial raised Caesars Entertainment from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $51.00 to $47.00 in a research report on Thursday, April 3rd. Macquarie dropped their target price on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. JMP Securities lowered their target price on Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating for the company in a report on Thursday, January 16th. Finally, Stifel Nicolaus dropped their price target on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Caesars Entertainment has a consensus rating of "Moderate Buy" and a consensus target price of $49.80.
Check Out Our Latest Report on Caesars Entertainment
Caesars Entertainment Profile
(
Free Report)
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.
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