New York State Teachers Retirement System Has $5.96 Million Stock Position in Caesars Entertainment, Inc. $CZR

New York State Teachers Retirement System raised its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 20.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,460 shares of the company’s stock after acquiring an additional 36,722 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of Caesars Entertainment worth $5,958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of CZR. JFS Wealth Advisors LLC increased its holdings in shares of Caesars Entertainment by 508.5% in the second quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock valued at $25,000 after purchasing an additional 722 shares in the last quarter. Mather Group LLC. bought a new position in Caesars Entertainment in the 3rd quarter valued at $28,000. UMB Bank n.a. increased its stake in shares of Caesars Entertainment by 52.0% in the 2nd quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock valued at $30,000 after buying an additional 359 shares during the period. Farther Finance Advisors LLC raised its position in shares of Caesars Entertainment by 168.5% during the second quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company’s stock worth $32,000 after acquiring an additional 711 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Caesars Entertainment by 69.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company’s stock valued at $33,000 after acquiring an additional 478 shares during the period. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Price Performance

Shares of CZR stock opened at $24.35 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 6.23. Caesars Entertainment, Inc. has a 12-month low of $18.25 and a 12-month high of $40.00. The firm has a fifty day moving average of $23.06 and a 200-day moving average of $24.77. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of -21.17, a price-to-earnings-growth ratio of 5.19 and a beta of 2.03.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, October 28th. The company reported ($0.27) 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 period in the previous year, the business posted ($0.04) EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities research analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on CZR. Susquehanna upgraded Caesars Entertainment from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $25.00 to $31.00 in a research report on Thursday, January 8th. JPMorgan Chase & Co. lowered their price target on shares of Caesars Entertainment from $43.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Macquarie cut their price objective on shares of Caesars Entertainment from $40.00 to $33.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. JMP Securities lowered their target price on shares of Caesars Entertainment from $41.00 to $40.00 and set a “market outperform” rating for the company in a report on Friday, October 17th. Finally, Wells Fargo & Company started coverage on Caesars Entertainment in a research note on Tuesday, November 18th. They issued an “equal weight” rating and a $21.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.33.

Caesars Entertainment Profile

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.