Retirement Systems of Alabama Has $21.23 Million Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Retirement Systems of Alabama raised its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 80.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 849,336 shares of the company's stock after purchasing an additional 377,536 shares during the quarter. Retirement Systems of Alabama owned approximately 0.40% of Caesars Entertainment worth $21,233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CZR. FIL Ltd acquired a new stake in Caesars Entertainment during the 4th quarter valued at approximately $28,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Caesars Entertainment during the 4th quarter worth approximately $44,000. Canada Pension Plan Investment Board grew its position in shares of Caesars Entertainment by 100.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock worth $53,000 after buying an additional 800 shares during the period. Canada Post Corp Registered Pension Plan bought a new stake in shares of Caesars Entertainment in the 4th quarter valued at $71,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of Caesars Entertainment during the 4th quarter valued at $73,000. Institutional investors and hedge funds own 91.79% of the company's stock.

Caesars Entertainment Stock Performance

NASDAQ CZR opened at $28.15 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 5.84. The company has a fifty day simple moving average of $27.40 and a 200 day simple moving average of $30.56. Caesars Entertainment, Inc. has a 12-month low of $21.40 and a 12-month high of $45.93. The company has a market cap of $5.85 billion, a P/E ratio of -25.83, a PEG ratio of 1.39 and a beta of 2.31.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays boosted their target price on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Stifel Nicolaus dropped their target price on shares of Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley dropped their target price on shares of Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Raymond James Financial dropped their target price on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, March 19th. Finally, Truist Financial dropped their target price on shares of Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.77.

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.

Want to see what other hedge funds are holding CZR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.