Caesars Entertainment Co. (NASDAQ:CZR) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its position in Caesars Entertainment Co. (NASDAQ:CZR) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 901,428 shares of the company’s stock after selling 19,126 shares during the quarter. California State Teachers Retirement System owned 0.13% of Caesars Entertainment worth $7,833,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cohen Capital Management Inc. raised its holdings in Caesars Entertainment by 0.6% during the fourth quarter. Cohen Capital Management Inc. now owns 431,137 shares of the company’s stock worth $2,927,000 after purchasing an additional 2,380 shares in the last quarter. Quadrant Capital Group LLC purchased a new position in shares of Caesars Entertainment during the 1st quarter worth approximately $25,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Caesars Entertainment by 8.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,676 shares of the company’s stock worth $269,000 after purchasing an additional 3,087 shares in the last quarter. United Services Automobile Association increased its stake in shares of Caesars Entertainment by 4.2% during the 4th quarter. United Services Automobile Association now owns 92,702 shares of the company’s stock worth $629,000 after purchasing an additional 3,766 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC increased its stake in shares of Caesars Entertainment by 20.1% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 25,100 shares of the company’s stock worth $170,000 after purchasing an additional 4,200 shares in the last quarter.

A number of analysts recently issued reports on the stock. Nomura lowered shares of Caesars Entertainment from a “buy” rating to a “neutral” rating and set a $12.00 target price on the stock. in a research report on Tuesday, June 25th. SunTrust Banks downgraded shares of Caesars Entertainment from a “buy” rating to a “hold” rating and set a $12.75 target price on the stock. in a research note on Tuesday, June 25th. Morgan Stanley downgraded shares of Caesars Entertainment from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $11.00 to $12.50 in a research note on Tuesday, June 25th. BidaskClub raised shares of Caesars Entertainment from a “hold” rating to a “buy” rating in a research note on Saturday, June 15th. Finally, Zacks Investment Research raised shares of Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $11.75.

Shares of NASDAQ CZR traded up $0.17 during midday trading on Monday, reaching $11.99. The company’s stock had a trading volume of 29,282,758 shares, compared to its average volume of 26,430,266. The stock has a 50 day moving average price of $9.56. Caesars Entertainment Co. has a one year low of $5.84 and a one year high of $12.01. The stock has a market capitalization of $8.02 billion, a P/E ratio of -63.11 and a beta of 1.43. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 6.02.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.32) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.13). The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Caesars Entertainment had a net margin of 1.41% and a negative return on equity of 9.84%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) earnings per share. Research analysts anticipate that Caesars Entertainment Co. will post -0.44 EPS for the current year.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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Institutional Ownership by Quarter for Caesars Entertainment (NASDAQ:CZR)

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