Maryland State Retirement & Pension System Has $1.08 Million Stake in Caesars Entertainment, Inc. $CZR

Maryland State Retirement & Pension System grew its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 303.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 39,770 shares of the company’s stock after purchasing an additional 29,901 shares during the period. Maryland State Retirement & Pension System’s holdings in Caesars Entertainment were worth $1,075,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in 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 buying an additional 12,698 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Caesars Entertainment by 8.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,830 shares of the company’s stock worth $496,000 after acquiring an additional 1,623 shares during the last quarter. Goldman Sachs Group Inc. grew 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 worth $39,982,000 after acquiring an additional 826,356 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Caesars Entertainment by 40.7% in the first quarter. Woodline Partners LP now owns 17,952 shares of the company’s stock valued at $449,000 after purchasing an additional 5,192 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 valued at $12,665,000 after purchasing an additional 3,198 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CZR shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Caesars Entertainment from $50.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. JPMorgan Chase & Co. reduced their target price on Caesars Entertainment from $43.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Wall Street Zen lowered Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Stifel Nicolaus reduced their price objective on Caesars Entertainment from $43.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Caesars Entertainment in a research report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Caesars Entertainment currently has a consensus rating of “Moderate Buy” and an average target price of $35.33.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $22.85 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 6.23. The stock has a fifty day simple moving average of $23.21 and a two-hundred day simple moving average of $24.61. Caesars Entertainment, Inc. has a 1-year low of $18.25 and a 1-year high of $40.00. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of -19.87, a price-to-earnings-growth ratio of 5.19 and a beta of 2.03.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results 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). The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.88 billion. Caesars Entertainment had a negative net margin of 2.12% and a negative return on equity of 5.76%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. Analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

About Caesars Entertainment

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.