New York State Teachers Retirement System Trims Stake in Caesars Entertainment, Inc. (NASDAQ:CZR)

New York State Teachers Retirement System lowered its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 13.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,890 shares of the company's stock after selling 29,702 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Caesars Entertainment worth $4,597,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CZR. Proficio Capital Partners LLC purchased a new stake in shares of Caesars Entertainment in the 4th quarter valued at $478,000. Jones Financial Companies Lllp raised its holdings in shares of Caesars Entertainment by 219.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,410 shares of the company's stock valued at $114,000 after buying an additional 2,343 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of Caesars Entertainment in the 4th quarter valued at $73,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Caesars Entertainment by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company's stock valued at $62,728,000 after buying an additional 11,671 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Caesars Entertainment by 1.1% in the 4th quarter. Victory Capital Management Inc. now owns 825,003 shares of the company's stock valued at $27,572,000 after buying an additional 8,603 shares during the period. Hedge funds and other institutional investors own 91.79% of the company's stock.

Analyst Upgrades and Downgrades

CZR has been the topic of several recent research reports. Raymond James Financial cut their price target on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a report on Wednesday, March 19th. JMP Securities restated a "market outperform" rating and set a $45.00 price target on shares of Caesars Entertainment in a report on Wednesday, April 30th. Barclays upped their price target on Caesars Entertainment from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Stifel Nicolaus cut their price target on Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. initiated coverage on Caesars Entertainment in a report on Monday, June 23rd. They set an "overweight" rating and a $47.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $43.00.

Caesars Entertainment Trading Up 0.5%

NASDAQ:CZR opened at $29.78 on Monday. The stock has a 50-day simple moving average of $28.02 and a 200-day simple moving average of $30.01. The stock has a market cap of $6.19 billion, a P/E ratio of -27.32, a P/E/G ratio of 18.55 and a beta of 2.29. Caesars Entertainment, Inc. has a 1 year low of $21.40 and a 1 year high of $45.93. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.82 and a current ratio of 0.84.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its earnings results 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 firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Caesars Entertainment had a negative net margin of 2.08% and a negative return on equity of 2.60%. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the company earned ($0.73) earnings per share. As a group, analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal 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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