Teachers Retirement System of The State of Kentucky Has $1.40 Million Position in Caesars Entertainment, Inc. $CZR

Teachers Retirement System of The State of Kentucky lifted its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 210.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,640 shares of the company’s stock after buying an additional 35,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Caesars Entertainment were worth $1,395,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Hantz Financial Services Inc. boosted its position in Caesars Entertainment by 110.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock worth $26,000 after acquiring an additional 510 shares during the period. Mather Group LLC. purchased a new stake in shares of Caesars Entertainment in the third quarter worth approximately $28,000. Salomon & Ludwin LLC acquired a new stake in shares of Caesars Entertainment during the third quarter worth approximately $41,000. Zions Bancorporation National Association UT grew its position in Caesars Entertainment by 5,384.4% during the third quarter. Zions Bancorporation National Association UT now owns 1,755 shares of the company’s stock valued at $47,000 after purchasing an additional 1,723 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Caesars Entertainment in the 3rd quarter worth approximately $49,000. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Stock Up 4.0%

Shares of NASDAQ:CZR opened at $26.59 on Friday. The company’s fifty day moving average is $22.57 and its 200-day moving average is $23.29. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.78 and a current ratio of 0.80. Caesars Entertainment, Inc. has a 52 week low of $17.86 and a 52 week high of $31.58. The company has a market capitalization of $5.41 billion, a PE ratio of -10.94, a P/E/G ratio of 61.27 and a beta of 1.94.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($1.05). The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. Caesars Entertainment had a negative net margin of 4.37% and a negative return on equity of 7.97%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 earnings per share. Equities research analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CZR shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Susquehanna raised Caesars Entertainment from a “neutral” rating to a “positive” rating and upped their target price for the stock from $25.00 to $31.00 in a research report on Thursday, January 8th. Truist Financial cut their price target on Caesars Entertainment from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Stifel Nicolaus lowered their price target on Caesars Entertainment from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Caesars Entertainment in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Caesars Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $33.24.

Caesars Entertainment Profile

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.