State Of New Jersey Common Retirement Fund D sells 39,867 shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

State of New Jersey Common Pension Fund D decreased its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR – Free Report) by 32.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 83,271 shares of the company’s stock after selling 39,867 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Caesars Entertainment were worth $3,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Malaga Cove Capital LLC grew its position in Caesars Entertainment by 97.9% in the second quarter. Malaga Cove Capital LLC now owns 10,928 shares of the company’s stock worth $434,000 after purchasing an additional 5,405 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Caesars Entertainment by 12.2% during the second quarter. Daiwa Securities Group Inc. now owns 23,890 shares of the company’s stock worth $949,000 after buying an additional 2,602 shares during the last quarter. Royal London Asset Management Ltd. grew its holdings in shares of Caesars Entertainment by 1.0% during the second quarter. Royal London Asset Management Ltd. now owns 67,963 shares of the company’s stock worth $2,701,000 after purchasing an additional 699 shares during the last quarter. Choreo LLC boosted its holdings in shares of Caesars Entertainment by 82.0% in the second quarter. Choreo LLC now owns 13,958 shares of the company’s stock worth $525,000 after purchasing an additional 6,289 shares in the last quarter. Finally, Wedbush Securities Inc. acquired a new stake in shares of Caesars Entertainment during the second quarter valued at $731,000. Institutional investors own 91.79% of the company’s shares.

Caesars Entertainment Stock Performance

Shares of CZR stock opened at $40.25 on Wednesday. The company’s 50-day moving average price is $36.78 and its 200-day moving average price is $37.88. Caesars Entertainment, Inc. has a 12-month low of $31.74 and a 12-month high of $52.63. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of 11.37 and a beta of 2.96. The company has a current ratio of 0.70, a quick ratio of 0.68, and a debt-to-equity ratio of 5.56.

Caesars Entertainment (NASDAQ:CZR – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.68). Caesars Entertainment had a negative return on equity of 2.57% and a negative net margin of 2.44%. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.87 billion. In the same quarter last year, the company earned $0.82 per share. Caesars Entertainment’s revenue was down 1.7% compared to the same quarter last year. Equities research analysts forecast that Caesars Entertainment, Inc. will post 0.06 EPS for the current year.

Changes in Analyst Ratings

Several analysts have recently issued reports on CZR shares. Raymond James began coverage on Caesars Entertainment in a report on Tuesday, May 21st. They set a “strong-buy” rating and a $55.00 price target on the stock. Jefferies Financial Group cut their price target on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Morgan Stanley decreased their price objective on Caesars Entertainment from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 4th. Susquehanna restated a “negative” rating and issued a $33.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company lifted their price objective on Caesars Entertainment from $53.00 to $56.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. . Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.14, according to MarketBeat .

Read the latest stock analysis on CZR

Caesars Entertainment Profile

(Free Report)

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases or manages domestic properties in 18 states with gaming machines, video lottery terminals and electronic tables and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports betting in 31 North American jurisdictions and operates iGaming in five North American jurisdictions; sports betting from our retail and online sportsbooks; and other games such as keno.

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