South Dakota Investment Council Purchases 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 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 304,608 shares of the company’s stock after buying an additional 236,471 shares during the quarter. South Dakota Investment Council owned 0.15% of Caesars Entertainment worth $8,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. increased its holdings in shares of Caesars Entertainment by 110.6% in the third quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock worth $26,000 after acquiring an additional 510 shares in the last quarter. Mather Group LLC. bought a new stake in Caesars Entertainment during the 3rd quarter worth approximately $28,000. Salomon & Ludwin LLC acquired a new stake in Caesars Entertainment during the 3rd quarter worth approximately $41,000. Zions Bancorporation National Association UT lifted its stake in Caesars Entertainment by 5,384.4% in the third quarter. Zions Bancorporation National Association UT now owns 1,755 shares of the company’s stock valued at $47,000 after buying an additional 1,723 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Caesars Entertainment in the third quarter valued at approximately $49,000. 91.79% of the stock is currently owned by institutional investors.

Caesars Entertainment Trading Up 1.6%

NASDAQ CZR opened at $25.03 on Wednesday. Caesars Entertainment, Inc. has a 12 month low of $17.86 and a 12 month high of $31.58. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 3.17. The stock has a 50 day moving average of $22.50 and a 200-day moving average of $23.25. The company has a market cap of $5.09 billion, a PE ratio of -10.30, a PEG ratio of 338.46 and a beta of 1.94.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Truist Financial cut their price objective on shares of Caesars Entertainment from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Zacks Research cut Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 30th. Jefferies Financial Group downgraded Caesars Entertainment from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $39.00 to $22.00 in a report on Tuesday, November 4th. TD Cowen restated a “buy” rating on shares of Caesars Entertainment in a research note on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Caesars Entertainment in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.24.

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.