Retirement Systems of Alabama Acquires 199,168 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Retirement Systems of Alabama increased its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 73.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 471,800 shares of the company’s stock after acquiring an additional 199,168 shares during the quarter. Retirement Systems of Alabama owned about 0.22% of Caesars Entertainment worth $15,768,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Huntington National Bank lifted its position in Caesars Entertainment by 3,203.8% in the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after acquiring an additional 833 shares in the last quarter. UMB Bank n.a. bought a new stake in shares of Caesars Entertainment in the third quarter worth $51,000. Quarry LP acquired a new position in Caesars Entertainment during the third quarter worth $68,000. Avior Wealth Management LLC grew its position in Caesars Entertainment by 12,577.8% in the fourth quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock valued at $76,000 after purchasing an additional 2,264 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Caesars Entertainment by 25.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock valued at $84,000 after buying an additional 403 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $35.72 on Friday. The stock has a 50 day simple moving average of $34.75 and a 200 day simple moving average of $37.72. The stock has a market cap of $7.59 billion, a P/E ratio of -21.39 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 current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84.

Analyst Ratings Changes

A number of research firms have recently commented on CZR. Barclays reduced their price objective on shares of Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. Morgan Stanley boosted their price target on Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. TD Cowen cut their price objective on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday. Wells Fargo & Company lowered their target price on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, Stifel Nicolaus cut their price target on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.21.

Caesars Entertainment Company Profile

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.