Caesars Entertainment Institutional Holdings and Trading Analysis
Teacher Retirement System of Texas has made significant changes to its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR), selling off a large portion of its shares in the fourth quarter. The fund now owns 9,892 shares of the company’s stock, down 40.7% from the previous quarter. This move comes as several other institutional investors and hedge funds have also adjusted their positions in Caesars Entertainment.
Mesirow Institutional Investment Management Inc. increased its holdings in Caesars Entertainment by 42.0% during the fourth quarter, while Lebenthal Global Advisors LLC and Principal Securities Inc. both purchased new stakes in the company. Savoir Faire Capital Management L.P. and SCP Investment LP also saw changes in their holdings of Caesars Entertainment.
Caesars Entertainment’s stock has been trading up 3.4% recently, with a market capitalization of $7.28 billion. The company’s financials have been closely watched, with analysts forecasting a positive EPS for the current fiscal year. The company recently reported quarterly earnings that fell short of expectations, but revenue remained strong.
Analysts have set new price targets for Caesars Entertainment, with several firms issuing buy ratings for the stock. Insider transactions have also been notable, with Director Michael E. Pegram acquiring a significant number of shares in recent months.
Caesars Entertainment operates as a gaming and hospitality company, with properties across 18 states and a presence in sports wagering and iGaming. The company’s stock ownership is closely monitored, with investors and analysts keeping a close eye on its performance in the market.
