Texas Permanent School Fund Has $1.08 Million Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Texas Permanent School Fund lifted its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZRGet Rating) by 1.8% during the second quarter, HoldingsChannel reports. The firm owned 28,220 shares of the company’s stock after acquiring an additional 492 shares during the quarter. Texas Permanent School Fund’s holdings in Caesars Entertainment were worth $1,081,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State of Michigan Retirement System grew its holdings in shares of Caesars Entertainment by 7.2% during the second quarter. State of Michigan Retirement System now owns 57,897 shares of the company’s stock worth $2,217,000 after buying an additional 3,900 shares in the last quarter. ING Groep NV grew its holdings in shares of Caesars Entertainment by 64.4% during the second quarter. ING Groep NV now owns 6,439 shares of the company’s stock worth $247,000 after buying an additional 2,523 shares in the last quarter. Kehrs Ridge Capital LLC bought a new position in shares of Caesars Entertainment during the second quarter worth about $1,532,000. Y Intercept Hong Kong Ltd bought a new position in shares of Caesars Entertainment during the second quarter worth about $526,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of Caesars Entertainment by 73.2% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 9,228 shares of the company’s stock worth $357,000 after buying an additional 3,900 shares in the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Caesars Entertainment from $64.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, November 2nd. Susquehanna Bancshares decreased their price target on Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating for the company in a research note on Monday, October 3rd. Susquehanna decreased their price target on Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating for the company in a research note on Monday, October 3rd. StockNews.com started coverage on Caesars Entertainment in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Cowen decreased their price target on Caesars Entertainment from $105.00 to $87.00 in a research note on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.19.

Caesars Entertainment Stock Performance

CZR opened at $49.98 on Friday. The stock has a market cap of $10.72 billion, a price-to-earnings ratio of -9.02 and a beta of 2.83. The business has a 50 day moving average of $41.64 and a 200-day moving average of $44.41. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 6.53. Caesars Entertainment, Inc. has a 12-month low of $31.31 and a 12-month high of $97.39.

Insider Buying and Selling

In other news, Director Michael E. Pegram purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The stock was acquired at an average cost of $44.74 per share, with a total value of $1,118,500.00. Following the acquisition, the director now owns 96,697 shares in the company, valued at approximately $4,326,223.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by insiders.

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

Want to see what other hedge funds are holding CZR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caesars Entertainment, Inc. (NASDAQ:CZRGet Rating).

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

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