Treasurer of the State of North Carolina Sells 1,120 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Treasurer of the State of North Carolina cut its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,855 shares of the company’s stock after selling 1,120 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Caesars Entertainment were worth $3,103,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CZR. Sanctuary Advisors LLC raised its stake in Caesars Entertainment by 9.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 20,214 shares of the company’s stock valued at $844,000 after acquiring an additional 1,807 shares during the period. Principal Financial Group Inc. raised its position in shares of Caesars Entertainment by 4.2% in the third quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company’s stock valued at $60,712,000 after purchasing an additional 59,170 shares during the period. Czech National Bank lifted its stake in shares of Caesars Entertainment by 4.6% during the 4th quarter. Czech National Bank now owns 46,079 shares of the company’s stock valued at $1,540,000 after buying an additional 2,009 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Caesars Entertainment by 383.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock worth $71,536,000 after buying an additional 1,697,443 shares during the period. Finally, Key Colony Management LLC purchased a new position in Caesars Entertainment in the 4th quarter valued at approximately $6,350,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CZR. Jefferies Financial Group cut their price target on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. cut their target price on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Susquehanna decreased their price target on Caesars Entertainment from $30.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday. Stifel Nicolaus cut their price objective on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Morgan Stanley reduced their price objective on shares of Caesars Entertainment from $30.00 to $29.00 and set an “equal weight” rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.71.

Caesars Entertainment Trading Down 1.3 %

NASDAQ CZR opened at $24.75 on Thursday. The stock’s 50-day simple moving average is $29.70 and its two-hundred day simple moving average is $35.09. Caesars Entertainment, Inc. has a twelve month low of $21.40 and a twelve month high of $45.93. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of -14.82 and a beta of 2.67.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.20. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. 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.