Strs Ohio Sells 28,900 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Strs Ohio lessened its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) by 7.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 335,000 shares of the company’s stock after selling 28,900 shares during the period. Strs Ohio owned approximately 0.16% of Caesars Entertainment worth $10,807,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CZR. Comerica Bank increased its holdings in shares of Caesars Entertainment by 4.1% in the 2nd quarter. Comerica Bank now owns 18,167 shares of the company’s stock worth $759,000 after buying an additional 708 shares during the last quarter. Swiss National Bank increased its holdings in shares of Caesars Entertainment by 0.3% in the 2nd quarter. Swiss National Bank now owns 928,500 shares of the company’s stock worth $35,562,000 after buying an additional 2,600 shares during the last quarter. Commerce Bank bought a new position in shares of Caesars Entertainment in the 2nd quarter worth $297,000. KBC Group NV increased its holdings in shares of Caesars Entertainment by 33.3% in the 2nd quarter. KBC Group NV now owns 13,931 shares of the company’s stock worth $534,000 after buying an additional 3,484 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Caesars Entertainment by 40.7% in the 2nd quarter. LPL Financial LLC now owns 233,762 shares of the company’s stock worth $8,953,000 after buying an additional 67,582 shares during the last quarter. Institutional investors own 93.88% of the company’s stock.

Insider Transactions at Caesars Entertainment

In related news, Director Michael E. Pegram bought 25,000 shares of the company’s stock in a transaction dated Friday, November 4th. The stock was purchased at an average cost of $44.74 per share, with a total value of $1,118,500.00. Following 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 filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CZR. Morgan Stanley began coverage on shares of Caesars Entertainment in a report on Monday, November 21st. They issued an “equal weight” rating and a $51.00 price target on the stock. Bank of America reduced their target price on shares of Caesars Entertainment from $55.00 to $50.00 in a report on Wednesday, January 4th. Susquehanna reduced their target price on shares of Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating on the stock in a report on Monday, October 3rd. Truist Financial reduced their target price on shares of Caesars Entertainment from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, October 25th. Finally, Susquehanna Bancshares reduced their target price on shares of Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating on the stock in a report on Monday, October 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $71.47.

Caesars Entertainment Trading Up 3.9 %

Shares of CZR opened at $44.11 on Monday. The stock has a market capitalization of $9.46 billion, a P/E ratio of -7.96 and a beta of 2.83. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 6.53. The firm has a fifty day simple moving average of $46.91 and a two-hundred day simple moving average of $43.86. Caesars Entertainment, Inc. has a twelve month low of $31.31 and a twelve month high of $91.59.

Caesars Entertainment (NASDAQ:CZR – Get Rating) last posted its 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. Caesars Entertainment had a negative net margin of 11.18% and a negative return on equity of 15.21%. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.84 billion. On average, research analysts anticipate that Caesars Entertainment, Inc. will post -1.57 EPS for the current year.

About Caesars Entertainment

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Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company operates casinos comprising poker, keno, and race and online sportsbooks; dining venues, bars, nightclubs, and lounges; hotels; and entertainment venues. It also provides staffing and management services; accessories, souvenirs, and decorative items through retail stores; and online sports betting and iGaming services.