Caesars Entertainment, Inc. $CZR Shares Sold by Strs Ohio

Strs Ohio lowered its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 71.6% during the second quarter, HoldingsChannel.com reports. The fund owned 164,933 shares of the company’s stock after selling 416,452 shares during the quarter. Strs Ohio’s holdings in Caesars Entertainment were worth $4,682,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CZR. Hein Park Capital Management LP acquired a new stake in shares of Caesars Entertainment in the 1st quarter worth approximately $60,492,000. HG Vora Capital Management LLC grew its holdings in shares of Caesars Entertainment by 73.3% in the 1st quarter. HG Vora Capital Management LLC now owns 3,900,000 shares of the company’s stock worth $97,500,000 after acquiring an additional 1,650,000 shares during the period. Duquesne Family Office LLC acquired a new stake in shares of Caesars Entertainment in the 1st quarter worth approximately $38,711,000. Royal Bank of Canada lifted its stake in Caesars Entertainment by 477.7% in the 1st quarter. Royal Bank of Canada now owns 1,833,567 shares of the company’s stock valued at $45,839,000 after buying an additional 1,516,153 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Caesars Entertainment by 22.9% in the 1st quarter. Invesco Ltd. now owns 6,823,286 shares of the company’s stock valued at $170,582,000 after buying an additional 1,269,911 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

CZR stock opened at $20.10 on Monday. Caesars Entertainment, Inc. has a 52-week low of $18.25 and a 52-week high of $41.77. The stock’s fifty day simple moving average is $24.63 and its 200-day simple moving average is $26.63. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 6.23. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of -17.48 and a beta of 2.32.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, October 28th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.16). Caesars Entertainment had a negative return on equity of 5.76% and a negative net margin of 2.12%.The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter last year, the business earned ($0.04) EPS. Caesars Entertainment’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Wall Street Analyst Weigh In

CZR has been the topic of a number of recent research reports. Cfra reaffirmed a “hold” rating and issued a $50.00 target price on shares of Caesars Entertainment in a research note on Friday, July 11th. Susquehanna reduced their target price on Caesars Entertainment from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, August 1st. Stifel Nicolaus reduced their target price on Caesars Entertainment from $43.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Citigroup reaffirmed a “market outperform” rating on shares of Caesars Entertainment in a research note on Wednesday. Finally, Barclays reduced their target price on Caesars Entertainment from $45.00 to $43.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.06.

About Caesars Entertainment

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.