Teacher Retirement System of Texas bought a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 31,099 shares of the company's stock, valued at approximately $777,000.
Several other institutional investors also recently made changes to their positions in the stock. Mather Group LLC. increased its position in Caesars Entertainment by 64.4% during the first quarter. Mather Group LLC. now owns 1,034 shares of the company's stock worth $26,000 after purchasing an additional 405 shares during the last quarter. FIL Ltd bought a new position in Caesars Entertainment during the fourth quarter worth $28,000. Resona Asset Management Co. Ltd. acquired a new stake in Caesars Entertainment in the fourth quarter worth $44,000. Canada Pension Plan Investment Board increased its holdings in shares of Caesars Entertainment by 100.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock valued at $53,000 after purchasing an additional 800 shares during the period. Finally, Canada Post Corp Registered Pension Plan acquired a new position in shares of Caesars Entertainment during the fourth quarter valued at $71,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.
Caesars Entertainment Stock Performance
NASDAQ CZR traded down $0.35 on Friday, hitting $30.01. 2,325,360 shares of the stock traded hands, compared to its average volume of 4,953,060. Caesars Entertainment, Inc. has a 12 month low of $21.40 and a 12 month high of $45.93. The business's fifty day moving average is $28.50 and its two-hundred day moving average is $29.88. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.82 and a current ratio of 0.84. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of -27.50, a PEG ratio of 84.12 and a beta of 2.29.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.54) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.35). The firm had revenue of $2.79 billion for 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 firm's revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.73) EPS. As a group, equities analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on CZR. JPMorgan Chase & Co. began coverage on Caesars Entertainment in a report on Monday, June 23rd. They set an "overweight" rating and a $47.00 target price on the stock. Cfra reiterated a "hold" rating and set a $50.00 price target on shares of Caesars Entertainment in a report on Friday, July 11th. Truist Financial reduced their price target on Caesars Entertainment from $40.00 to $38.00 and set a "buy" rating for the company in a report on Wednesday. Stifel Nicolaus cut their price objective on Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Finally, Morgan Stanley upped their target price on Caesars Entertainment from $31.00 to $32.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $43.07.
Check Out Our Latest Report on Caesars Entertainment
Caesars Entertainment Company Profile
(
Free Report)
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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