Public Sector Pension Investment Board Grows Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

Public Sector Pension Investment Board boosted its stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 362.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,766 shares of the company's stock after purchasing an additional 29,600 shares during the quarter. Public Sector Pension Investment Board's holdings in Caesars Entertainment were worth $1,576,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CZR. SG Americas Securities LLC raised its holdings in shares of Caesars Entertainment by 6,568.4% in the 3rd quarter. SG Americas Securities LLC now owns 1,439,911 shares of the company's stock valued at $60,102,000 after acquiring an additional 1,418,318 shares in the last quarter. Helikon Investments Ltd bought a new stake in Caesars Entertainment during the second quarter valued at approximately $37,763,000. Bank of Montreal Can grew its stake in Caesars Entertainment by 451.6% in the 2nd quarter. Bank of Montreal Can now owns 1,017,484 shares of the company's stock worth $40,577,000 after buying an additional 833,039 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Caesars Entertainment by 783.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 928,529 shares of the company's stock worth $36,900,000 after buying an additional 823,428 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Caesars Entertainment by 183.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 801,237 shares of the company's stock valued at $31,841,000 after buying an additional 518,369 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CZR. Barclays decreased their price objective on Caesars Entertainment from $59.00 to $57.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. StockNews.com upgraded shares of Caesars Entertainment from a "sell" rating to a "hold" rating in a report on Thursday, October 31st. JMP Securities reduced their target price on shares of Caesars Entertainment from $59.00 to $57.00 and set a "market outperform" rating on the stock in a report on Monday, November 25th. JPMorgan Chase & Co. boosted their price target on shares of Caesars Entertainment from $54.00 to $58.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus raised their price objective on Caesars Entertainment from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Caesars Entertainment presently has an average rating of "Moderate Buy" and an average price target of $53.86.

Caesars Entertainment Trading Down 0.8 %

Shares of CZR traded down $0.30 during mid-day trading on Friday, hitting $37.60. 3,715,037 shares of the company's stock traded hands, compared to its average volume of 3,258,537. The business's 50-day moving average price is $41.14 and its 200-day moving average price is $38.49. Caesars Entertainment, Inc. has a 1 year low of $31.74 and a 1 year high of $50.51. The firm has a market capitalization of $7.99 billion, a P/E ratio of -22.51 and a beta of 2.89. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.25). The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.93 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 earnings per share. As a group, sell-side analysts forecast that Caesars Entertainment, Inc. will post -0.56 EPS for the current fiscal year.

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.