South Dakota Investment Council Acquires 236,471 Shares of Caesars Entertainment, Inc. $CZR

South Dakota Investment Council increased its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 347.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 304,608 shares of the company’s stock after acquiring an additional 236,471 shares during the quarter. South Dakota Investment Council’s holdings in Caesars Entertainment were worth $8,232,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. ING Groep NV boosted its stake in Caesars Entertainment by 80.2% in the 3rd quarter. ING Groep NV now owns 599,854 shares of the company’s stock valued at $16,211,000 after purchasing an additional 266,917 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Caesars Entertainment by 56.4% during the third quarter. Principal Financial Group Inc. now owns 1,700,389 shares of the company’s stock worth $45,953,000 after buying an additional 612,837 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Caesars Entertainment in the second quarter valued at about $592,000. LDR Capital Management LLC acquired a new position in shares of Caesars Entertainment in the third quarter valued at about $1,172,000. Finally, Villere ST Denis J & Co. LLC grew its stake in shares of Caesars Entertainment by 31.6% in the third quarter. Villere ST Denis J & Co. LLC now owns 1,038,870 shares of the company’s stock valued at $28,075,000 after acquiring an additional 249,603 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CZR. Susquehanna raised shares of Caesars Entertainment from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $25.00 to $31.00 in a report on Thursday, January 8th. TD Cowen reiterated a “buy” rating on shares of Caesars Entertainment in a research report on Wednesday, January 21st. Truist Financial reduced their price target on Caesars Entertainment from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Wells Fargo & Company started coverage on Caesars Entertainment in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $21.00 price objective for the company. Finally, Barclays reduced their target price on Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.24.

Caesars Entertainment Price Performance

Shares of CZR stock opened at $25.03 on Wednesday. The business has a fifty day simple moving average of $22.50 and a 200 day simple moving average of $23.25. The company has a market cap of $5.09 billion, a P/E ratio of -10.30, a P/E/G ratio of 338.46 and a beta of 1.94. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 3.17. Caesars Entertainment, Inc. has a twelve month low of $17.86 and a twelve month high of $31.58.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, February 17th. The company reported ($1.23) EPS for the quarter, missing the consensus estimate of ($0.18) by ($1.05). The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.89 billion. Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 EPS. On average, sell-side analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Caesars Entertainment Company 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.