New York State Teachers Retirement System Sells 7,383 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

New York State Teachers Retirement System cut its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,592 shares of the company’s stock after selling 7,383 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Caesars Entertainment worth $7,138,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in Caesars Entertainment by 4.5% during the third quarter. Wellington Management Group LLP now owns 113,405 shares of the company’s stock valued at $4,734,000 after acquiring an additional 4,840 shares during the period. Key Colony Management LLC acquired a new position in shares of Caesars Entertainment during the fourth quarter valued at about $6,350,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Caesars Entertainment by 40.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,550 shares of the company’s stock valued at $779,000 after buying an additional 6,778 shares during the last quarter. National Bank of Canada FI raised its position in shares of Caesars Entertainment by 87.2% during the third quarter. National Bank of Canada FI now owns 109,526 shares of the company’s stock valued at $4,572,000 after buying an additional 51,034 shares during the last quarter. Finally, LMR Partners LLP acquired a new position in Caesars Entertainment in the third quarter worth about $903,000. 91.79% of the stock is currently owned by institutional investors.

Caesars Entertainment Price Performance

Shares of CZR stock opened at $37.97 on Thursday. Caesars Entertainment, Inc. has a 52-week low of $30.78 and a 52-week high of $45.93. The stock has a market cap of $8.07 billion, a PE ratio of -22.74 and a beta of 2.90. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The firm’s 50 day moving average price is $34.76 and its two-hundred day moving average price is $37.82.

Analysts Set New Price Targets

Several research analysts recently issued reports on CZR shares. TD Cowen dropped their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. StockNews.com raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Jefferies Financial Group dropped their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Barclays decreased their price target on shares of Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Caesars Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $51.21.

About Caesars Entertainment

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.