Public Employees Retirement System of Ohio Buys Shares of 57,554 Caesars Entertainment, Inc. $CZR

Public Employees Retirement System of Ohio acquired a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 57,554 shares of the company’s stock, valued at approximately $1,737,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP acquired a new position in Caesars Entertainment during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd raised its position in Caesars Entertainment by 456.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock worth $26,000 after acquiring an additional 918 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in Caesars Entertainment by 181.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after buying an additional 672 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Caesars Entertainment by 87.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,817 shares of the company’s stock valued at $42,000 after acquiring an additional 846 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Caesars Entertainment by 59.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,882 shares of the company’s stock valued at $50,000 after purchasing an additional 702 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CZR shares. Stifel Nicolaus lowered Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research note on Monday, June 15th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a research note on Friday, May 29th. Susquehanna upgraded shares of Caesars Entertainment from a “positive” rating to a “positive” rating in a research note on Friday, May 29th. Wells Fargo & Company raised their target price on Caesars Entertainment from $26.00 to $31.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 2nd. Finally, Barclays restated an “equal weight” rating and issued a $31.00 price target (down from $35.00) on shares of Caesars Entertainment in a research note on Thursday, July 9th. Two analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.71.

Insider Activity at Caesars Entertainment

In other news, insider Edmund Quatmann, Jr. sold 81,566 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $29.35, for a total value of $2,393,962.10. Following the completion of the transaction, the insider owned 18,263 shares of the company’s stock, valued at approximately $536,019.05. This represents a 81.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Bret Yunker sold 208,134 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $29.62, for a total transaction of $6,164,929.08. The SEC filing for this sale provides additional information. Insiders have sold a total of 510,830 shares of company stock worth $15,086,960 in the last ninety days. 1.18% of the stock is currently owned by corporate insiders.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock opened at $29.68 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 3.70. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of -13.02 and a beta of 1.75. Caesars Entertainment, Inc. has a twelve month low of $17.86 and a twelve month high of $30.88. The business’s 50 day simple moving average is $29.86 and its 200-day simple moving average is $28.10.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, July 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.35). The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.98 billion. Caesars Entertainment had a negative net margin of 3.99% and a negative return on equity of 7.64%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.39) EPS. Equities research analysts forecast that Caesars Entertainment, Inc. will post -0.9 earnings per share for the current 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.