State Board of Administration of Florida Retirement System grew its position in Caesars Entertainment Co. (NASDAQ:CZR) by 32.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 525,246 shares of the company’s stock after buying an additional 129,918 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.08% of Caesars Entertainment worth $5,384,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Levin Capital Strategies L.P. acquired a new position in shares of Caesars Entertainment in the third quarter worth about $102,000. Sawtooth Solutions LLC purchased a new stake in shares of Caesars Entertainment in the second quarter worth approximately $108,000. KCM Investment Advisors LLC purchased a new stake in shares of Caesars Entertainment in the second quarter worth approximately $120,000. IBM Retirement Fund purchased a new stake in shares of Caesars Entertainment in the second quarter worth approximately $125,000. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Caesars Entertainment by 96.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 25,401 shares of the company’s stock worth $260,000 after purchasing an additional 12,490 shares in the last quarter.

A number of analysts have recently issued reports on the stock. Bank of America assumed coverage on shares of Caesars Entertainment in a research report on Monday, July 23rd. They issued a “buy” rating and a $14.00 price target for the company. BidaskClub raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. UBS Group assumed coverage on shares of Caesars Entertainment in a research report on Monday, September 24th. They issued a “sell” rating and a $9.00 price target for the company. Zacks Investment Research raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Monday, September 24th. Finally, Deutsche Bank assumed coverage on shares of Caesars Entertainment in a research report on Tuesday, September 4th. They issued a “buy” rating and a $14.00 price target for the company. Three research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $13.10.

Shares of CZR opened at $8.50 on Friday. The company has a market cap of $5.45 billion, a P/E ratio of 81.40, a price-to-earnings-growth ratio of 12.72 and a beta of 0.81. The company has a debt-to-equity ratio of 5.93, a quick ratio of 1.14 and a current ratio of 1.16. Caesars Entertainment Co. has a twelve month low of $7.95 and a twelve month high of $14.50.

In related news, insider Marco Roca sold 17,834 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $8.21, for a total transaction of $146,417.14. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.60% of the stock is currently owned by company insiders.

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Caesars Entertainment Profile

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 36,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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Institutional Ownership by Quarter for Caesars Entertainment (NASDAQ:CZR)

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