California State Teachers Retirement System Has $15.02 Million Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

California State Teachers Retirement System decreased its position in Caesars Entertainment, Inc. (NASDAQ:CZRFree Report) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 320,346 shares of the company’s stock after selling 1,372 shares during the period. California State Teachers Retirement System owned about 0.15% of Caesars Entertainment worth $15,018,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Caesars Entertainment by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 23,411,856 shares of the company’s stock worth $1,085,140,000 after buying an additional 129,541 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Caesars Entertainment by 8.7% in the 3rd quarter. Invesco Ltd. now owns 3,657,416 shares of the company’s stock worth $169,521,000 after buying an additional 293,078 shares in the last quarter. Norges Bank acquired a new position in shares of Caesars Entertainment in the 4th quarter worth approximately $102,213,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Caesars Entertainment by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,165,196 shares of the company’s stock worth $101,504,000 after buying an additional 112,458 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Caesars Entertainment by 3.9% in the 3rd quarter. Northern Trust Corp now owns 1,934,704 shares of the company’s stock worth $89,674,000 after buying an additional 72,008 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Insider Transactions at Caesars Entertainment

In related news, Director Frank J. Fahrenkopf, Jr. sold 10,000 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $32.52, for a total transaction of $325,200.00. Following the sale, the director now owns 350 shares of the company’s stock, valued at approximately $11,382. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Frank J. Fahrenkopf, Jr. sold 10,000 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $32.52, for a total transaction of $325,200.00. Following the sale, the director now owns 350 shares of the company’s stock, valued at approximately $11,382. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael E. Pegram acquired 40,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost of $36.39 per share, for a total transaction of $1,455,600.00. Following the purchase, the director now directly owns 181,697 shares in the company, valued at approximately $6,611,953.83. The disclosure for this purchase can be found here. 0.64% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CZR shares. Raymond James started coverage on Caesars Entertainment in a report on Tuesday, May 21st. They issued a “strong-buy” rating and a $55.00 target price for the company. B. Riley assumed coverage on Caesars Entertainment in a report on Thursday, May 9th. They set a “buy” rating and a $70.00 price target for the company. JMP Securities dropped their price target on Caesars Entertainment from $62.00 to $60.00 and set a “market outperform” rating for the company in a report on Thursday, May 2nd. Morgan Stanley raised their price target on Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, Susquehanna dropped their price target on Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, February 21st. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $55.07.

Get Our Latest Research Report on CZR

Caesars Entertainment Stock Down 1.7 %

NASDAQ:CZR opened at $36.06 on Friday. Caesars Entertainment, Inc. has a 12-month low of $31.74 and a 12-month high of $60.27. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 2.65. The firm has a market capitalization of $7.80 billion, a P/E ratio of 10.22 and a beta of 2.89. The stock’s fifty day simple moving average is $37.56 and its 200-day simple moving average is $41.89.

Caesars Entertainment (NASDAQ:CZRGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.52). Caesars Entertainment had a return on equity of 1.27% and a net margin of 6.68%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.82 billion. Equities research analysts expect that Caesars Entertainment, Inc. will post 0.23 earnings per share for the current year.

About Caesars Entertainment

(Free Report)

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 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 retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.

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

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