Chicago Equity Partners LLC Takes Position in Caesars Entertainment Corporation (CZR)

Chicago Equity Partners LLC acquired a new position in shares of Caesars Entertainment Corporation (NASDAQ:CZR) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 42,135 shares of the company’s stock, valued at approximately $506,000.

A number of other hedge funds have also made changes to their positions in the stock. Teachers Advisors LLC grew its holdings in Caesars Entertainment Corporation by 9.1% in the fourth quarter. Teachers Advisors LLC now owns 92,597 shares of the company’s stock valued at $787,000 after purchasing an additional 7,695 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Caesars Entertainment Corporation by 3.0% in the first quarter. Wells Fargo & Company MN now owns 43,804 shares of the company’s stock valued at $418,000 after purchasing an additional 1,273 shares during the last quarter. First Trust Advisors LP grew its holdings in Caesars Entertainment Corporation by 128.5% in the first quarter. First Trust Advisors LP now owns 132,959 shares of the company’s stock valued at $1,270,000 after purchasing an additional 74,779 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Caesars Entertainment Corporation by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 251,600 shares of the company’s stock valued at $2,402,000 after purchasing an additional 7,589 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in Caesars Entertainment Corporation by 8.7% in the first quarter. UBS Asset Management Americas Inc. now owns 47,571 shares of the company’s stock valued at $454,000 after purchasing an additional 3,800 shares during the last quarter. 76.68% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on CZR shares. BidaskClub raised Caesars Entertainment Corporation from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research raised Caesars Entertainment Corporation from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Tuesday, August 8th. ValuEngine raised Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. CIBC started coverage on Caesars Entertainment Corporation in a report on Thursday, June 1st. They issued an “outperform” rating and a $15.00 target price on the stock. Finally, Oppenheimer Holdings, Inc. started coverage on Caesars Entertainment Corporation in a report on Thursday, June 1st. They issued an “outperform” rating and a $15.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $14.58.

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Shares of Caesars Entertainment Corporation (NASDAQ CZR) opened at 11.70 on Wednesday. The firm’s market cap is $1.75 billion. Caesars Entertainment Corporation has a 12-month low of $6.49 and a 12-month high of $13.45. The firm has a 50-day moving average price of $11.88 and a 200 day moving average price of $11.15.

Caesars Entertainment Corporation (NASDAQ:CZR) last issued its quarterly earnings results on Thursday, August 3rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.47). The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $2.11 billion. On average, equities research analysts anticipate that Caesars Entertainment Corporation will post $0.06 earnings per share for the current fiscal year.

About Caesars Entertainment Corporation

Caesars Entertainment Corporation is a holding company. The Company provides casino-entertainment and hospitality services. The Company’s segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company’s facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options.

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Institutional Ownership by Quarter for Caesars Entertainment Corporation (NASDAQ:CZR)

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