Teacher Retirement System of Texas trimmed its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) by 48.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,466 shares of the company's stock after selling 28,198 shares during the period. Teacher Retirement System of Texas' holdings in Caesars Entertainment were worth $983,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Caesars Entertainment by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 21,843,353 shares of the company's stock worth $1,689,802,000 after buying an additional 290,006 shares during the last quarter. FMR LLC boosted its stake in shares of Caesars Entertainment by 13.0% in the 2nd quarter. FMR LLC now owns 19,165,674 shares of the company's stock worth $734,045,000 after buying an additional 2,206,419 shares during the last quarter. Point Break Capital Management LLC boosted its stake in shares of Caesars Entertainment by 10.3% in the 1st quarter. Point Break Capital Management LLC now owns 10,617,833 shares of the company's stock worth $821,396,000 after buying an additional 987,230 shares during the last quarter. Capital International Investors raised its holdings in Caesars Entertainment by 2.9% in the 1st quarter. Capital International Investors now owns 4,965,083 shares of the company's stock worth $384,099,000 after purchasing an additional 140,802 shares during the period. Finally, Samlyn Capital LLC raised its holdings in Caesars Entertainment by 46.6% in the 2nd quarter. Samlyn Capital LLC now owns 2,525,865 shares of the company's stock worth $96,742,000 after purchasing an additional 803,101 shares during the period. 93.88% of the stock is currently owned by hedge funds and other institutional investors.
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Insider Buying and Selling
In related news, Director Michael E. Pegram purchased 25,000 shares of the company's stock in a transaction that occurred on Friday, November 4th. The stock was bought at an average price of $44.74 per share, for a total transaction of $1,118,500.00. Following the completion of the transaction, the director now owns 96,697 shares in the company, valued at approximately $4,326,223.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of equities analysts recently commented on CZR shares. Deutsche Bank Aktiengesellschaft raised their target price on Caesars Entertainment from $64.00 to $70.00 in a report on Tuesday. StockNews.com started coverage on Caesars Entertainment in a report on Wednesday, October 12th. They issued a "hold" rating on the stock. Stifel Nicolaus raised their target price on Caesars Entertainment from $63.00 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, January 24th. Truist Financial decreased their target price on Caesars Entertainment from $72.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, October 25th. Finally, Wells Fargo & Company raised their price target on Caesars Entertainment from $72.00 to $74.00 and gave the company an "overweight" rating in a report on Wednesday, January 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Caesars Entertainment has a consensus rating of "Hold" and an average target price of $68.71.
Caesars Entertainment Trading Up 2.7 %
Shares of CZR stock opened at $53.44 on Thursday. Caesars Entertainment, Inc. has a 12-month low of $31.31 and a 12-month high of $89.80. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 6.53. The stock's 50-day moving average price is $47.43 and its 200-day moving average price is $44.97. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of -9.65 and a beta of 2.83.
Caesars Entertainment (NASDAQ:CZR – Get Rating) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.15 by $0.09. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.84 billion. Caesars Entertainment had a negative return on equity of 15.21% and a negative net margin of 11.18%. Equities research analysts predict that Caesars Entertainment, Inc. will post -1.72 EPS for the current fiscal year.
Caesars Entertainment Company Profile
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Caesars Holdings, Inc is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.
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