KCG Holdings Inc. Takes Position in Caesars Entertainment Corporation (NASDAQ:CZR)

KCG Holdings Inc. bought a new position in Caesars Entertainment Corporation (NASDAQ:CZR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,120 shares of the company’s stock, valued at approximately $116,000.

Other hedge funds have also bought and sold shares of the company. State Street Corp raised its stake in shares of Caesars Entertainment Corporation by 7.3% in the fourth quarter. State Street Corp now owns 1,186,329 shares of the company’s stock valued at $10,083,000 after buying an additional 80,663 shares during the last quarter. Norges Bank purchased a new stake in shares of Caesars Entertainment Corporation during the fourth quarter valued at approximately $2,428,000. Metropolitan Life Insurance Co. NY raised its stake in shares of Caesars Entertainment Corporation by 0.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 35,008 shares of the company’s stock valued at $298,000 after buying an additional 280 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Caesars Entertainment Corporation by 181.3% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 403,173 shares of the company’s stock valued at $3,850,000 after buying an additional 259,839 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Caesars Entertainment Corporation by 8.3% in the first quarter. California Public Employees Retirement System now owns 576,100 shares of the company’s stock valued at $5,502,000 after buying an additional 44,200 shares during the last quarter. 67.47% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Corporation (CZR) traded up 1.464% during trading on Friday, reaching $12.125. The company had a trading volume of 408,927 shares. The firm’s market capitalization is $1.81 billion. The stock has a 50 day moving average price of $12.38 and a 200 day moving average price of $10.74. Caesars Entertainment Corporation has a 52 week low of $5.39 and a 52 week high of $13.45.

Caesars Entertainment Corporation (NASDAQ:CZR) last announced its quarterly earnings results on Thursday, August 3rd. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.26 by $0.47. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $2.11 billion. Analysts predict that Caesars Entertainment Corporation will post ($0.27) earnings per share for the current year.

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Several analysts recently commented 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 price objective for the company in a report on Tuesday. ValuEngine raised Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. CIBC started coverage on Caesars Entertainment Corporation in a report on Thursday, June 1st. They issued an “outperform” rating and a $15.00 price objective for the company. 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 price objective for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $14.58.

Caesars Entertainment Corporation Company Profile

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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