Illinois Municipal Retirement Fund Buys Shares of 20,076 Caesars Entertainment, Inc. (NASDAQ:CZR)

Illinois Municipal Retirement Fund bought a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,076 shares of the company’s stock, valued at approximately $941,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Caesars Entertainment by 0.6% in the third quarter. Vanguard Group Inc. now owns 23,411,856 shares of the company’s stock valued at $1,085,140,000 after buying an additional 129,541 shares during the period. Invesco Ltd. increased its holdings in shares of Caesars Entertainment by 8.7% in the third quarter. Invesco Ltd. now owns 3,657,416 shares of the company’s stock worth $169,521,000 after acquiring an additional 293,078 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Caesars Entertainment by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,052,738 shares of the company’s stock worth $95,144,000 after acquiring an additional 77,595 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Caesars Entertainment by 3.9% in the third quarter. Northern Trust Corp now owns 1,934,704 shares of the company’s stock worth $89,674,000 after acquiring an additional 72,008 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Caesars Entertainment by 37.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,433,641 shares of the company’s stock worth $67,209,000 after acquiring an additional 387,391 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Susquehanna lowered their price target on Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, February 21st. Wells Fargo & Company decreased their price objective on Caesars Entertainment from $72.00 to $68.00 and set an “overweight” rating for the company in a report on Wednesday, February 21st. JPMorgan Chase & Co. decreased their price objective on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, January 9th. Stifel Nicolaus decreased their price objective on Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, January 18th. Finally, Barclays decreased their price objective on Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Caesars Entertainment has an average rating of “Moderate Buy” and an average target price of $57.36.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $36.61 on Monday. The stock has a 50 day moving average price of $41.26 and a 200 day moving average price of $43.34. Caesars Entertainment, Inc. has a 52 week low of $36.34 and a 52 week high of $60.27. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.74 and a current ratio of 0.76. The stock has a market capitalization of $7.92 billion, a PE ratio of 10.09 and a beta of 2.81.

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

Insider Buying and Selling

In other news, Director Michael E. Pegram purchased 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average cost of $41.45 per share, with a total value of $621,750.00. Following the acquisition, the director now owns 4,612 shares in the company, valued at approximately $191,167.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is currently owned by insiders.

Caesars Entertainment 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.