State of New Jersey Common Pension Fund D Has $2.48 Million Stock Holdings in Caesars Entertainment, Inc. $CZR

State of New Jersey Common Pension Fund D raised its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 24.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,988 shares of the company’s stock after purchasing an additional 20,905 shares during the period. State of New Jersey Common Pension Fund D owned 0.05% of Caesars Entertainment worth $2,479,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bogart Wealth LLC grew its holdings in Caesars Entertainment by 59.6% during the fourth quarter. Bogart Wealth LLC now owns 4,369 shares of the company’s stock valued at $102,000 after purchasing an additional 1,631 shares during the last quarter. Pekin Hardy Strauss Inc. grew its holdings in Caesars Entertainment by 14.9% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 304,093 shares of the company’s stock valued at $7,113,000 after purchasing an additional 39,435 shares during the last quarter. ARGA Investment Management LP grew its holdings in Caesars Entertainment by 29.9% during the fourth quarter. ARGA Investment Management LP now owns 73,499 shares of the company’s stock valued at $1,719,000 after purchasing an additional 16,936 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Caesars Entertainment during the fourth quarter valued at approximately $423,000. Finally, M&T Bank Corp acquired a new position in Caesars Entertainment during the fourth quarter valued at approximately $272,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Trading Down 1.2%

Shares of Caesars Entertainment stock opened at $27.76 on Thursday. The company’s fifty day simple moving average is $26.61 and its 200-day simple moving average is $23.72. The company has a market cap of $5.65 billion, a price-to-earnings ratio of -11.71 and a beta of 1.77. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 3.25. Caesars Entertainment, Inc. has a 1 year low of $17.86 and a 1 year high of $31.58.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, April 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.24). Caesars Entertainment had a negative return on equity of 7.88% and a negative net margin of 4.19%.The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the previous year, the business posted ($0.54) EPS. The company’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect that Caesars Entertainment, Inc. will post -0.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CZR. Weiss Ratings reiterated a “sell (e+)” rating on shares of Caesars Entertainment in a report on Wednesday, January 21st. Stifel Nicolaus lowered their price objective on shares of Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Truist Financial raised their price objective on shares of Caesars Entertainment from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Barclays lowered their price objective on shares of Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Finally, Citizens Jmp raised their price objective on shares of Caesars Entertainment from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 29th. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.27.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.