New York State Teachers Retirement System Has $7.14 Million Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

New York State Teachers Retirement System trimmed its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 213,592 shares of the company’s stock after selling 7,383 shares during the period. New York State Teachers Retirement System’s holdings in Caesars Entertainment were worth $7,138,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vontobel Holding Ltd. acquired a new stake in shares of Caesars Entertainment during the fourth quarter worth $760,000. Bogart Wealth LLC grew its position in shares of Caesars Entertainment by 1,777.8% in the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after acquiring an additional 800 shares during the period. Asset Management One Co. Ltd. grew its position in shares of Caesars Entertainment by 23.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 5,063 shares of the company’s stock valued at $168,000 after acquiring an additional 969 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Caesars Entertainment by 36.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,566 shares of the company’s stock valued at $286,000 after acquiring an additional 2,278 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Caesars Entertainment by 40.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,550 shares of the company’s stock valued at $779,000 after acquiring an additional 6,778 shares during the period. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CZR has been the subject of a number of analyst reports. TD Cowen decreased their price objective on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Jefferies Financial Group reduced their target price on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Macquarie reiterated an “outperform” rating and issued a $50.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, October 30th. Truist Financial dropped their price objective on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.21.

Caesars Entertainment Price Performance

CZR stock opened at $37.97 on Thursday. The company has a 50 day simple moving average of $34.76 and a 200 day simple moving average of $37.82. The stock has a market cap of $8.07 billion, a price-to-earnings ratio of -22.74 and a beta of 2.90. Caesars Entertainment, Inc. has a 1 year low of $30.78 and a 1 year high of $45.93. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82.

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.