Public Employees Retirement System of Ohio acquired a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 57,554 shares of the company’s stock, valued at approximately $1,737,000.
Several other institutional investors have also recently made changes to their positions in CZR. Hsbc Holdings PLC bought a new stake in shares of Caesars Entertainment during the 2nd quarter worth approximately $30,967,000. Man Group plc bought a new position in Caesars Entertainment during the 2nd quarter worth about $32,953,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Caesars Entertainment by 246,899,900.0% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,938,000 shares of the company’s stock valued at $115,500,000 after buying an additional 4,937,998 shares during the period. MUFG Securities EMEA plc purchased a new position in shares of Caesars Entertainment in the 4th quarter valued at $65,492,000. Finally, Janus Henderson Group PLC grew its stake in Caesars Entertainment by 5.8% in the first quarter. Janus Henderson Group PLC now owns 6,529,700 shares of the company’s stock valued at $172,582,000 after purchasing an additional 355,760 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.
Insider Activity at Caesars Entertainment
In related news, Director Blackhurst Janis L. Jones sold 33,899 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $29.63, for a total transaction of $1,004,427.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael E. Pegram sold 16,897 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $29.46, for a total transaction of $497,785.62. The disclosure for this sale is available in the SEC filing. Insiders sold 510,830 shares of company stock worth $15,086,960 over the last 90 days. 1.18% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on Caesars Entertainment
Caesars Entertainment Price Performance
Shares of CZR stock opened at $29.68 on Monday. Caesars Entertainment, Inc. has a 12 month low of $17.86 and a 12 month high of $30.88. The firm’s 50-day moving average is $29.86 and its two-hundred day moving average is $28.10. The company has a market capitalization of $6.05 billion, a PE ratio of -13.02 and a beta of 1.75. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.85 and a quick ratio of 0.83.
Caesars Entertainment (NASDAQ:CZR – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.35). The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Caesars Entertainment had a negative return on equity of 7.64% and a negative net margin of 3.99%.The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.39) earnings per share. Analysts predict that Caesars Entertainment, Inc. will post -0.9 earnings per share for the current year.
About Caesars Entertainment
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.
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