Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,180 shares of the company’s stock after selling 1,915 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Caesars Entertainment were worth $1,510,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CZR. Contrarius Group Holdings Ltd bought a new stake in Caesars Entertainment in the fourth quarter valued at approximately $32,402,000. American Assets Investment Management LLC purchased a new position in shares of Caesars Entertainment in the fourth quarter worth $318,000. Axxcess Wealth Management LLC raised its holdings in Caesars Entertainment by 38.7% during the 4th quarter. Axxcess Wealth Management LLC now owns 14,764 shares of the company’s stock valued at $493,000 after buying an additional 4,122 shares during the last quarter. Cibc World Markets Corp raised its holdings in Caesars Entertainment by 42.3% during the 4th quarter. Cibc World Markets Corp now owns 23,915 shares of the company’s stock valued at $799,000 after buying an additional 7,113 shares during the last quarter. Finally, American Assets Capital Advisers LLC purchased a new stake in Caesars Entertainment during the 4th quarter valued at $8,218,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CZR. Truist Financial lowered their price objective on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Barclays lowered their price target on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Wells Fargo & Company cut their price objective on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Stifel Nicolaus decreased their target price on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Finally, Jefferies Financial Group dropped their price target on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Caesars Entertainment has an average rating of “Moderate Buy” and an average price target of $50.00.

Caesars Entertainment Price Performance

CZR stock opened at $27.54 on Wednesday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The firm has a 50 day moving average price of $33.20 and a 200-day moving average price of $36.80. Caesars Entertainment, Inc. has a 52-week low of $26.42 and a 52-week high of $45.93. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of -16.49 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.20. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. Equities research analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Caesars Entertainment Profile

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.