Teachers Retirement System of The State of Kentucky Has $1.40 Million Stock Holdings in Caesars Entertainment, Inc. $CZR

Teachers Retirement System of The State of Kentucky increased its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 210.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 51,640 shares of the company’s stock after buying an additional 35,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Caesars Entertainment were worth $1,395,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Caesars Entertainment by 47.7% during the first quarter. AQR Capital Management LLC now owns 39,297 shares of the company’s stock worth $953,000 after purchasing an additional 12,698 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Caesars Entertainment by 8.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,830 shares of the company’s stock valued at $496,000 after buying an additional 1,623 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Caesars Entertainment by 106.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,599,273 shares of the company’s stock valued at $39,982,000 after buying an additional 826,356 shares during the period. Woodline Partners LP raised its position in shares of Caesars Entertainment by 40.7% during the first quarter. Woodline Partners LP now owns 17,952 shares of the company’s stock worth $449,000 after acquiring an additional 5,192 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Caesars Entertainment by 0.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 506,585 shares of the company’s stock worth $12,665,000 after acquiring an additional 3,198 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on CZR shares. Zacks Research lowered Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 30th. Stifel Nicolaus dropped their price target on shares of Caesars Entertainment from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Truist Financial reduced their price objective on shares of Caesars Entertainment from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Caesars Entertainment in a report on Wednesday, January 21st. Finally, Barclays cut their price target on Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Caesars Entertainment presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.24.

Caesars Entertainment Stock Up 4.0%

Shares of Caesars Entertainment stock opened at $26.59 on Friday. The company has a market capitalization of $5.41 billion, a P/E ratio of -10.94, a price-to-earnings-growth ratio of 61.27 and a beta of 1.94. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.80 and a quick ratio of 0.78. The business has a 50-day moving average of $22.57 and a two-hundred day moving average of $23.29. Caesars Entertainment, Inc. has a 1 year low of $17.86 and a 1 year high of $31.58.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, February 17th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($1.05). The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.Caesars Entertainment’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 earnings per share. As a group, equities analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.