South Dakota Investment Council Has $1.93 Million Position in Caesars Entertainment, Inc. $CZR

South Dakota Investment Council raised its position in Caesars Entertainment, Inc. (NASDAQ:CZR) by 15.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,137 shares of the company’s stock after acquiring an additional 9,000 shares during the quarter. South Dakota Investment Council’s holdings in Caesars Entertainment were worth $1,934,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CZR. Assenagon Asset Management S.A. lifted its stake in shares of Caesars Entertainment by 103.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 166,209 shares of the company’s stock worth $4,719,000 after buying an additional 84,545 shares during the last quarter. Penn Capital Management Company LLC lifted its stake in shares of Caesars Entertainment by 101.9% during the 1st quarter. Penn Capital Management Company LLC now owns 45,207 shares of the company’s stock worth $1,154,000 after buying an additional 22,812 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Caesars Entertainment by 14.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,495 shares of the company’s stock worth $261,000 after buying an additional 1,360 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Caesars Entertainment during the 1st quarter worth about $540,000. Finally, HG Vora Capital Management LLC lifted its stake in shares of Caesars Entertainment by 73.3% during the 1st quarter. HG Vora Capital Management LLC now owns 3,900,000 shares of the company’s stock worth $97,500,000 after buying an additional 1,650,000 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock opened at $20.45 on Tuesday. Caesars Entertainment, Inc. has a twelve month low of $18.25 and a twelve month high of $41.76. 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 company has a 50-day simple moving average of $24.50 and a two-hundred day simple moving average of $26.60. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of -17.78 and a beta of 2.32.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, October 28th. The company reported ($0.27) earnings per share 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 during the quarter, compared to analyst estimates of $2.88 billion. During the same quarter last year, the firm earned ($0.04) EPS. Caesars Entertainment’s revenue for the quarter was down .2% compared to the same quarter last year. Analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Wall Street Analyst Weigh In

CZR has been the subject of a number of research reports. Barclays cut their target price on shares of Caesars Entertainment from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Cfra restated a “hold” rating and set a $50.00 target price on shares of Caesars Entertainment in a research note on Friday, July 11th. Susquehanna cut their target price on shares of Caesars Entertainment from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, August 1st. Citizens Jmp lowered their price target on shares of Caesars Entertainment from $40.00 to $37.00 and set a “market outperform” rating on the stock in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Caesars Entertainment from $43.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.06.

Caesars Entertainment 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.