New York State Common Retirement Fund Sells 12,000 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

New York State Common Retirement Fund lessened its stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,950 shares of the company's stock after selling 12,000 shares during the quarter. New York State Common Retirement Fund owned approximately 0.05% of Caesars Entertainment worth $3,741,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Janus Henderson Group PLC increased its position in shares of Caesars Entertainment by 18.7% during the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company's stock valued at $526,309,000 after acquiring an additional 1,983,151 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Caesars Entertainment by 383.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company's stock valued at $71,536,000 after acquiring an additional 1,697,443 shares during the last quarter. Bamco Inc. NY purchased a new stake in shares of Caesars Entertainment during the third quarter valued at approximately $61,890,000. Progeny 3 Inc. purchased a new stake in shares of Caesars Entertainment during the third quarter valued at approximately $37,649,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Caesars Entertainment during the third quarter valued at approximately $26,721,000. Institutional investors own 91.79% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CZR. JPMorgan Chase & Co. decreased their price target on Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. Truist Financial decreased their target price on Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. JMP Securities decreased their target price on Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group decreased their target price on Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Finally, Stifel Nicolaus cut their price target on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Caesars Entertainment presently has a consensus rating of "Moderate Buy" and an average price target of $50.64.

Caesars Entertainment Price Performance

CZR stock traded down $1.75 during mid-day trading on Monday, hitting $31.47. 6,568,551 shares of the stock were exchanged, compared to its average volume of 4,668,237. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The business has a fifty day moving average price of $34.69 and a 200 day moving average price of $37.84. Caesars Entertainment, Inc. has a 12 month low of $30.78 and a 12 month high of $45.93. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of -18.84 and a beta of 2.90.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.20. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. On average, sell-side analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Caesars Entertainment 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.