South Dakota Investment Council Purchases 4,000 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

South Dakota Investment Council grew its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 9.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,475 shares of the company’s stock after buying an additional 4,000 shares during the quarter. South Dakota Investment Council’s holdings in Caesars Entertainment were worth $2,132,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Caesars Entertainment during the third quarter worth $32,000. GAMMA Investing LLC bought a new stake in shares of Caesars Entertainment during the fourth quarter worth $99,000. Covestor Ltd increased its position in shares of Caesars Entertainment by 22.9% during the third quarter. Covestor Ltd now owns 2,575 shares of the company’s stock worth $119,000 after acquiring an additional 480 shares in the last quarter. Signaturefd LLC increased its position in shares of Caesars Entertainment by 33.3% during the third quarter. Signaturefd LLC now owns 2,603 shares of the company’s stock worth $121,000 after acquiring an additional 650 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Caesars Entertainment by 10.6% during the third quarter. Assetmark Inc. now owns 2,713 shares of the company’s stock worth $126,000 after acquiring an additional 261 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 1.6 %

Shares of NASDAQ CZR opened at $38.48 on Thursday. Caesars Entertainment, Inc. has a 52 week low of $37.71 and a 52 week high of $60.27. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.74 and a current ratio of 0.76. The stock’s fifty day moving average is $41.56 and its 200 day moving average is $43.51. The stock has a market capitalization of $8.32 billion, a P/E ratio of 10.60 and a beta of 2.81.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the prior year, the firm earned ($0.11) EPS. The business’s revenue was up .1% on a year-over-year basis. Sell-side analysts forecast that Caesars Entertainment, Inc. will post 1.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CZR shares. Wells Fargo & Company lowered their price objective on shares of Caesars Entertainment from $72.00 to $68.00 and set an “overweight” rating for the company in a research report on Wednesday, February 21st. JPMorgan Chase & Co. lowered their price target on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 9th. StockNews.com lowered shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Morgan Stanley lifted their price target on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Barclays lowered their price target on shares of Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Caesars Entertainment has an average rating of “Moderate Buy” and an average price target of $57.36.

Insider Activity

In other news, Director Michael E. Pegram purchased 15,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average cost of $41.45 per share, with a total value of $621,750.00. Following the completion of the purchase, the director now owns 4,612 shares of the company’s stock, valued at approximately $191,167.40. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.64% of the company’s stock.

Caesars Entertainment 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.