New York State Teachers Retirement System Has $7.14 Million Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

New York State Teachers Retirement System reduced its position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 3.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 213,592 shares of the company's stock after selling 7,383 shares during the period. New York State Teachers Retirement System owned 0.10% of Caesars Entertainment worth $7,138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CZR. CWM LLC increased its stake in shares of Caesars Entertainment by 92.0% in the 3rd quarter. CWM LLC now owns 4,993 shares of the company's stock valued at $208,000 after buying an additional 2,392 shares during the period. Raymond James & Associates increased its stake in shares of Caesars Entertainment by 31.3% in the 3rd quarter. Raymond James & Associates now owns 199,849 shares of the company's stock valued at $8,342,000 after buying an additional 47,691 shares during the period. Foundations Investment Advisors LLC acquired a new stake in shares of Caesars Entertainment in the 3rd quarter valued at $298,000. Signaturefd LLC increased its stake in shares of Caesars Entertainment by 9.8% in the 3rd quarter. Signaturefd LLC now owns 2,788 shares of the company's stock valued at $116,000 after buying an additional 248 shares during the period. Finally, Private Advisor Group LLC boosted its position in shares of Caesars Entertainment by 3.0% in the 3rd quarter. Private Advisor Group LLC now owns 10,850 shares of the company's stock worth $453,000 after purchasing an additional 317 shares during the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. TD Cowen reduced their price target on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. Stifel Nicolaus reduced 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. Truist Financial reduced their price target on Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. JMP Securities reduced their price target on Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating on the stock in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. reduced their price target on Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating on the stock in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Caesars Entertainment presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.21.

Caesars Entertainment Stock Down 6.2 %

Shares of CZR traded down $2.33 during midday trading on Friday, hitting $35.43. The stock had a trading volume of 2,480,577 shares, compared to its average volume of 4,314,831. The company has a 50 day simple moving average of $34.76 and a two-hundred day simple moving average of $37.82. Caesars Entertainment, Inc. has a twelve month low of $30.78 and a twelve month high of $45.93. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of -21.20 and a beta of 2.90. 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 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.