Illinois Municipal Retirement Fund Makes New Investment in Caesars Entertainment, Inc. (NASDAQ:CZR)

Illinois Municipal Retirement Fund bought a new position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) during the 4th quarter, HoldingsChannel reports. The firm bought 20,076 shares of the company’s stock, valued at approximately $941,000.

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. raised its position in shares of Caesars Entertainment by 10.6% in the third quarter. Assetmark Inc. now owns 2,713 shares of the company’s stock worth $126,000 after buying an additional 261 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Caesars Entertainment by 0.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 34,824 shares of the company’s stock worth $1,625,000 after buying an additional 285 shares in the last quarter. First Trust Direct Indexing L.P. raised its position in shares of Caesars Entertainment by 4.0% in the third quarter. First Trust Direct Indexing L.P. now owns 7,631 shares of the company’s stock worth $354,000 after buying an additional 295 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of Caesars Entertainment by 13.4% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 3,192 shares of the company’s stock worth $148,000 after buying an additional 376 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Caesars Entertainment by 2.5% in the third quarter. Teacher Retirement System of Texas now owns 16,673 shares of the company’s stock worth $773,000 after buying an additional 404 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Insiders Place Their Bets

In other Caesars Entertainment news, Director Michael E. Pegram bought 15,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $41.45 per share, for a total transaction of $621,750.00. Following the completion of the acquisition, the director now owns 4,612 shares of the company’s stock, valued at $191,167.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JMP Securities lowered their price objective on Caesars Entertainment from $65.00 to $62.00 and set a “market outperform” rating on the stock in a research report on Friday, April 19th. Morgan Stanley increased their target price on Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Susquehanna reduced their target price on Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 21st. JPMorgan Chase & Co. reduced their target price on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 9th. Finally, Stifel Nicolaus reduced their target price on Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, January 18th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.36.

Caesars Entertainment Stock Down 3.8 %

Shares of NASDAQ:CZR opened at $36.61 on Monday. The stock’s 50-day moving average price is $41.26 and its 200-day moving average price is $43.34. Caesars Entertainment, Inc. has a 12-month low of $36.34 and a 12-month high of $60.27. The stock has a market capitalization of $7.92 billion, a P/E ratio of 10.09 and a beta of 2.81. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 2.59.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). The firm had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.11) earnings per share. On average, equities analysts anticipate that Caesars Entertainment, Inc. will post 1.02 earnings per share for the current year.

About Caesars Entertainment

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.