Oregon Public Employees Retirement Fund Buys 28,943 Shares of Caesars Entertainment, Inc. $CZR

Oregon Public Employees Retirement Fund grew its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 161.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,900 shares of the company’s stock after purchasing an additional 28,943 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Caesars Entertainment were worth $1,267,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new position in Caesars Entertainment during the 2nd quarter worth $592,000. Assenagon Asset Management S.A. increased its stake in shares of Caesars Entertainment by 103.5% in the second quarter. Assenagon Asset Management S.A. now owns 166,209 shares of the company’s stock worth $4,719,000 after purchasing an additional 84,545 shares during the period. Amundi lifted its position in shares of Caesars Entertainment by 82.1% during the 2nd quarter. Amundi now owns 2,025,951 shares of the company’s stock worth $60,049,000 after purchasing an additional 913,275 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in Caesars Entertainment during the 2nd quarter valued at approximately $331,000. Finally, Pekin Hardy Strauss Inc. boosted its stake in Caesars Entertainment by 14.7% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 214,889 shares of the company’s stock valued at $6,101,000 after purchasing an additional 27,596 shares during the period. 91.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on CZR shares. Wall Street Zen lowered Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Caesars Entertainment in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target on shares of Caesars Entertainment from $43.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Jefferies Financial Group downgraded shares of Caesars Entertainment from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $39.00 to $22.00 in a report on Tuesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Caesars Entertainment from $50.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.56.

Caesars Entertainment Trading Up 3.6%

Shares of Caesars Entertainment stock opened at $25.35 on Friday. Caesars Entertainment, Inc. has a 52-week low of $18.25 and a 52-week high of $40.00. The firm has a market capitalization of $5.17 billion, a PE ratio of -22.04, a price-to-earnings-growth ratio of 5.01 and a beta of 2.03. The company has a debt-to-equity ratio of 6.23, a current ratio of 0.78 and a quick ratio of 0.76. The company’s fifty day moving average price is $22.97 and its two-hundred day moving average price is $24.80.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, October 28th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.88 billion. Caesars Entertainment had a negative return on equity of 5.76% and a negative net margin of 2.12%.Caesars Entertainment’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.04) earnings per share. On average, analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

About Caesars Entertainment

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.