Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its position in Caesars Entertainment, Inc. (NASDAQ:CZRGet Rating) by 4.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,746 shares of the company’s stock after selling 654 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Caesars Entertainment were worth $1,218,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors grew its position in shares of Caesars Entertainment by 20.5% during the first quarter. Capital Research Global Investors now owns 20,877,113 shares of the company’s stock worth $1,615,057,000 after buying an additional 3,548,997 shares in the last quarter. Norges Bank acquired a new position in shares of Caesars Entertainment during the fourth quarter worth about $178,319,000. Capital World Investors grew its position in shares of Caesars Entertainment by 17.5% during the first quarter. Capital World Investors now owns 12,756,091 shares of the company’s stock worth $986,811,000 after buying an additional 1,902,200 shares in the last quarter. DAVENPORT & Co LLC acquired a new position in shares of Caesars Entertainment during the first quarter worth about $77,785,000. Finally, HG Vora Capital Management LLC acquired a new position in shares of Caesars Entertainment during the fourth quarter worth about $93,530,000. 95.55% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $37.62 on Friday. The firm has a market cap of $8.07 billion, a PE ratio of -5.47 and a beta of 2.77. The business has a 50 day moving average price of $45.44 and a two-hundred day moving average price of $53.81. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 7.06. Caesars Entertainment, Inc. has a fifty-two week low of $35.10 and a fifty-two week high of $119.81.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Stifel Nicolaus reduced their price objective on Caesars Entertainment from $113.00 to $63.00 in a research note on Tuesday, July 19th. Susquehanna Bancshares began coverage on Caesars Entertainment in a research report on Wednesday, July 20th. They issued a “neutral” rating and a $32.00 price objective for the company. Wells Fargo & Company lowered their target price on Caesars Entertainment from $65.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, August 3rd. Cowen decreased their price objective on Caesars Entertainment to $87.00 in a research note on Tuesday, August 9th. Finally, Cowen reduced their target price on Caesars Entertainment from $105.00 to $87.00 in a research report on Wednesday, August 3rd. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.00.

Caesars Entertainment Profile

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Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company operates casinos comprising poker, keno, and race and online sportsbooks; dining venues, bars, nightclubs, and lounges; hotels; and entertainment venues. It also provides staffing and management services; accessories, souvenirs, and decorative items through retail stores; and online sports betting and iGaming services.

See Also

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Institutional Ownership by Quarter for Caesars Entertainment (NASDAQ:CZR)

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