New York State Common Retirement Fund Sells 29,031 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

New York State Common Retirement Fund lessened its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 16.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,009 shares of the company's stock after selling 29,031 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Caesars Entertainment worth $6,986,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Caesars Entertainment during the third quarter worth about $32,000. Covestor Ltd grew its position in Caesars Entertainment by 22.9% during the 3rd quarter. Covestor Ltd now owns 2,575 shares of the company's stock worth $119,000 after purchasing an additional 480 shares during the last quarter. Signaturefd LLC increased its stake in Caesars Entertainment by 33.3% during the 3rd quarter. Signaturefd LLC now owns 2,603 shares of the company's stock valued at $121,000 after purchasing an additional 650 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Caesars Entertainment by 10.6% in the third quarter. Assetmark Inc. now owns 2,713 shares of the company's stock worth $126,000 after buying an additional 261 shares during the last quarter. Finally, Aspire Private Capital LLC lifted its stake in shares of Caesars Entertainment by 30.9% during the third quarter. Aspire Private Capital LLC now owns 2,833 shares of the company's stock worth $131,000 after buying an additional 669 shares during the period. Hedge funds and other institutional investors own 91.79% of the company's stock.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock traded up $0.19 on Friday, hitting $35.33. The company's stock had a trading volume of 3,719,936 shares, compared to its average volume of 4,051,565. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 10.01 and a beta of 2.83. Caesars Entertainment, Inc. has a 1 year low of $35.09 and a 1 year high of $60.27. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.74 and a current ratio of 0.69. The firm has a fifty day moving average price of $40.67 and a 200-day moving average price of $43.08.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.31). Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. The business had revenue of $2.83 billion during the quarter, compared to analysts' expectations of $2.85 billion. During the same quarter last year, the firm earned ($0.11) earnings per share. The firm's quarterly revenue was up .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Caesars Entertainment, Inc. will post 0.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael E. Pegram bought 15,000 shares of the business's stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average price of $41.45 per share, with a total value of $621,750.00. Following the completion of the purchase, the director now directly owns 4,612 shares of the company's stock, valued at $191,167.40. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CZR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating for the company in a research note on Tuesday, January 9th. Morgan Stanley lifted their target price on Caesars Entertainment from $44.00 to $45.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 9th. Stifel Nicolaus cut their price target on shares of Caesars Entertainment from $67.00 to $54.00 and set a "buy" rating on the stock in a report on Wednesday. JMP Securities decreased their price objective on shares of Caesars Entertainment from $62.00 to $60.00 and set a "market outperform" rating for the company in a research note on Thursday. Finally, Wells Fargo & Company cut their price objective on shares of Caesars Entertainment from $67.00 to $54.00 and set an "overweight" rating on the stock in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $53.83.

Caesars Entertainment Company 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.