Retirement Systems of Alabama Grows Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

Retirement Systems of Alabama grew its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 73.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 471,800 shares of the company's stock after buying an additional 199,168 shares during the period. Retirement Systems of Alabama owned 0.22% of Caesars Entertainment worth $15,768,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Huntington National Bank boosted its stake in Caesars Entertainment by 3,203.8% in the 3rd quarter. Huntington National Bank now owns 859 shares of the company's stock worth $36,000 after purchasing an additional 833 shares in the last quarter. UMB Bank n.a. bought a new position in Caesars Entertainment in the 3rd quarter worth about $51,000. Quarry LP purchased a new position in Caesars Entertainment in the 3rd quarter worth about $68,000. GAMMA Investing LLC raised its position in Caesars Entertainment by 25.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,010 shares of the company's stock worth $84,000 after buying an additional 403 shares during the last quarter. Finally, Avior Wealth Management LLC raised its position in Caesars Entertainment by 12,577.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company's stock worth $76,000 after buying an additional 2,264 shares during the last quarter. Institutional investors own 91.79% of the company's stock.

Caesars Entertainment Trading Down 0.2 %

Shares of Caesars Entertainment stock traded down $0.08 during trading hours on Tuesday, hitting $35.49. The company's stock had a trading volume of 4,818,678 shares, compared to its average volume of 4,358,824. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of -21.25 and a beta of 2.90. Caesars Entertainment, Inc. has a twelve month low of $30.78 and a twelve month high of $45.93. The firm has a fifty day moving average of $34.62 and a 200-day moving average of $37.77.

Wall Street Analyst Weigh In

Several research firms have recently commented on CZR. JMP Securities reduced their price target on shares of 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. TD Cowen reduced their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, February 4th. Morgan Stanley upped their price target on shares of Caesars Entertainment from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 22nd. Stifel Nicolaus reduced their price target on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Finally, Truist Financial reduced 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $51.21.

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.