State of Michigan Retirement System Has $1.93 Million Stock Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

State of Michigan Retirement System lowered its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 2.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 57,697 shares of the company’s stock after selling 1,200 shares during the quarter. State of Michigan Retirement System’s holdings in Caesars Entertainment were worth $1,928,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CZR. Bogart Wealth LLC raised its position in shares of Caesars Entertainment by 1,777.8% during the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after buying an additional 800 shares during the last quarter. Huntington National Bank lifted its position in shares of Caesars Entertainment by 3,203.8% in the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock worth $36,000 after acquiring an additional 833 shares during the period. Quarry LP acquired a new stake in shares of Caesars Entertainment during the 3rd quarter worth approximately $68,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Caesars Entertainment during the fourth quarter valued at approximately $73,000. Finally, Avior Wealth Management LLC raised its stake in shares of 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. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Price Performance

Shares of CZR stock opened at $28.48 on Friday. Caesars Entertainment, Inc. has a 1 year low of $26.92 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. The firm’s 50 day moving average is $34.37 and its 200-day moving average is $37.59. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of -17.05 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.20. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Sell-side analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CZR shares. Susquehanna raised shares of Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 price target on the stock in a report on Thursday. Macquarie dropped their price target on shares of Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Wells Fargo & Company decreased their price objective on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. JMP Securities dropped their target price on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a report on Thursday, January 16th. Finally, Barclays decreased their price target on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Caesars Entertainment has an average rating of “Moderate Buy” and an average price target of $50.43.

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.