Louisiana State Employees Retirement System Makes New $609,000 Investment in Caesars Entertainment, Inc. (NASDAQ:CZR)

Louisiana State Employees Retirement System acquired a new position in Caesars Entertainment, Inc. (NASDAQ:CZR) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 13,000 shares of the company’s stock, valued at approximately $609,000.

A number of other hedge funds also recently modified their holdings of CZR. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Caesars Entertainment in the 3rd quarter worth approximately $32,000. Covestor Ltd lifted its position in shares of Caesars Entertainment by 22.9% in the 3rd quarter. Covestor Ltd now owns 2,575 shares of the company’s stock worth $119,000 after acquiring an additional 480 shares during the period. Signaturefd LLC lifted its position in shares of Caesars Entertainment by 33.3% during the 3rd quarter. Signaturefd LLC now owns 2,603 shares of the company’s stock worth $121,000 after buying an additional 650 shares during the period. Assetmark Inc. lifted its position in shares of Caesars Entertainment by 10.6% during the 3rd quarter. Assetmark Inc. now owns 2,713 shares of the company’s stock worth $126,000 after buying an additional 261 shares during the period. Finally, Aspire Private Capital LLC lifted its position in shares of Caesars Entertainment by 30.9% during the 3rd quarter. Aspire Private Capital LLC now owns 2,833 shares of the company’s stock worth $131,000 after buying an additional 669 shares during the period. Institutional investors own 91.79% of the company’s stock.

Insider Activity

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

Caesars Entertainment Trading Down 3.8 %

Shares of CZR opened at $36.61 on Monday. The stock has a fifty day moving average price of $41.26 and a two-hundred day moving average price of $43.34. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.74 and a current ratio of 0.76. Caesars Entertainment, Inc. has a 52-week low of $36.34 and a 52-week high of $60.27. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 10.09 and a beta of 2.81.

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

Analysts Set New Price Targets

Several equities analysts recently commented on CZR shares. Morgan Stanley raised their target price on Caesars Entertainment from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Stifel Nicolaus cut their target price on Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, January 18th. Barclays cut their target price on Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. JMP Securities cut their target price on Caesars Entertainment from $65.00 to $62.00 and set a “market outperform” rating for the company in a research report on Friday, April 19th. Finally, StockNews.com downgraded Caesars Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $57.36.

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.