State Board of Administration of Florida Retirement System grew its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR – Free Report) by 0.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 226,823 shares of the company’s stock after buying an additional 310 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Caesars Entertainment were worth $10,513,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of CZR. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Caesars Entertainment in the 3rd quarter worth approximately $32,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of Caesars Entertainment by 4.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 15,618 shares of the company’s stock worth $724,000 after purchasing an additional 684 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Caesars Entertainment by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,052,738 shares of the company’s stock worth $95,144,000 after buying an additional 77,595 shares in the last quarter. Hosking Partners LLP increased its stake in Caesars Entertainment by 20.1% in the 3rd quarter. Hosking Partners LLP now owns 194,704 shares of the company’s stock worth $9,025,000 after buying an additional 32,624 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Caesars Entertainment in the 3rd quarter worth $311,000. Institutional investors own 91.32% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. StockNews.com lowered Caesars Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Barclays cut their price target on Caesars Entertainment from $75.00 to $67.00 and set an “overweight” rating for the company in a research note on Wednesday, November 1st. Morgan Stanley cut their price target on Caesars Entertainment from $50.00 to $48.00 and set an “equal weight” rating for the company in a research note on Monday, November 13th. Truist Financial cut their price objective on Caesars Entertainment from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, November 1st. Finally, Stifel Nicolaus cut their price objective on Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, January 18th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $64.08.
Caesars Entertainment Price Performance
NASDAQ CZR opened at $44.71 on Tuesday. The firm’s fifty day simple moving average is $45.40 and its two-hundred day simple moving average is $47.27. The company has a current ratio of 0.73, a quick ratio of 0.71 and a debt-to-equity ratio of 2.58. Caesars Entertainment, Inc. has a 12-month low of $38.33 and a 12-month high of $60.27. The firm has a market capitalization of $9.64 billion, a P/E ratio of 13.67 and a beta of 2.85.
Caesars Entertainment Profile
Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company owns, leases, or manages domestic properties in 16 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 sports wagering across 28 jurisdictions in North America, including mobile for sports betting and regulated online real money gaming in six jurisdictions in North America; retail and online gaming and sports betting; and other games, such as keno.
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