New York State Common Retirement Fund Has $3.17 Million Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

New York State Common Retirement Fund raised its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 13.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 126,950 shares of the company's stock after acquiring an additional 15,000 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of Caesars Entertainment worth $3,174,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Allworth Financial LP raised its holdings in shares of Caesars Entertainment by 97.8% in the first quarter. Allworth Financial LP now owns 1,339 shares of the company's stock valued at $36,000 after purchasing an additional 662 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in Caesars Entertainment by 40.5% during the first quarter. Axxcess Wealth Management LLC now owns 20,745 shares of the company's stock worth $519,000 after buying an additional 5,981 shares during the last quarter. ARGA Investment Management LP increased its holdings in Caesars Entertainment by 41.6% during the first quarter. ARGA Investment Management LP now owns 56,563 shares of the company's stock worth $1,414,000 after buying an additional 16,617 shares during the last quarter. Pekin Hardy Strauss Inc. increased its holdings in Caesars Entertainment by 8.8% during the first quarter. Pekin Hardy Strauss Inc. now owns 187,293 shares of the company's stock worth $4,682,000 after buying an additional 15,213 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in Caesars Entertainment by 62.8% during the first quarter. Raleigh Capital Management Inc. now owns 3,352 shares of the company's stock worth $84,000 after buying an additional 1,293 shares during the last quarter. 91.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CZR shares. Morgan Stanley raised their price objective on shares of Caesars Entertainment from $31.00 to $32.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. JMP Securities set a $45.00 price target on shares of Caesars Entertainment in a research note on Friday. Citigroup reissued a "market outperform" rating on shares of Caesars Entertainment in a research note on Friday. Susquehanna boosted their price target on shares of Caesars Entertainment from $23.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Caesars Entertainment from $47.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $43.13.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $29.95 on Wednesday. The firm's 50-day moving average price is $28.53 and its 200-day moving average price is $29.79. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 5.84. The company has a market cap of $6.23 billion, a PE ratio of -27.48 and a beta of 2.29. Caesars Entertainment, Inc. has a 52-week low of $21.40 and a 52-week high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.35). The business had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.82 billion. Caesars Entertainment had a negative return on equity of 2.60% and a negative net margin of 2.08%. The business's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.73) EPS. As a group, analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

About Caesars Entertainment

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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