Louisiana State Employees Retirement System Sells 400 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Louisiana State Employees Retirement System trimmed its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,200 shares of the company’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Caesars Entertainment were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in shares of Caesars Entertainment by 25.1% in the 4th quarter. Russell Investments Group Ltd. now owns 53,299 shares of the company’s stock valued at $2,513,000 after acquiring an additional 10,680 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Caesars Entertainment by 21.1% in the 4th quarter. Victory Capital Management Inc. now owns 615,915 shares of the company’s stock worth $28,874,000 after buying an additional 107,120 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Caesars Entertainment by 2,096.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,196 shares of the company’s stock valued at $103,000 after acquiring an additional 2,096 shares in the last quarter. M&T Bank Corp lifted its position in Caesars Entertainment by 57.8% in the 4th quarter. M&T Bank Corp now owns 16,800 shares of the company’s stock valued at $788,000 after acquiring an additional 6,151 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in Caesars Entertainment by 275.3% in the 4th quarter. National Bank of Canada FI now owns 259,754 shares of the company’s stock valued at $12,411,000 after acquiring an additional 190,538 shares in the last quarter. 91.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CZR. Jefferies Financial Group lowered their price target on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. StockNews.com lowered Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Stifel Nicolaus raised their price objective on Caesars Entertainment from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Susquehanna reaffirmed a “negative” rating and issued a $33.00 price target on shares of Caesars Entertainment in a report on Wednesday, July 31st. Finally, Wells Fargo & Company lifted their price target on shares of Caesars Entertainment from $53.00 to $56.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Caesars Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $54.21.

Caesars Entertainment Price Performance

Shares of CZR opened at $37.64 on Friday. The firm has a market capitalization of $8.15 billion, a PE ratio of 10.66 and a beta of 2.99. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.70 and a quick ratio of 0.67. Caesars Entertainment, Inc. has a 1-year low of $31.74 and a 1-year high of $56.29. The company’s fifty day moving average price is $37.00 and its 200-day moving average price is $38.29.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.68). The business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.87 billion. Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. On average, equities research analysts predict that Caesars Entertainment, Inc. will post 0.12 EPS for the current year.

Caesars Entertainment Company 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.