Caesars Entertainment Corporation (NASDAQ:CZR) Position Cut by Legal & General Group Plc

Legal & General Group Plc reduced its position in shares of Caesars Entertainment Corporation (NASDAQ:CZR) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,160 shares of the company’s stock after selling 231 shares during the period. Legal & General Group Plc owned 0.10% of Caesars Entertainment Corporation worth $1,385,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Stevens Capital Management LP bought a new position in Caesars Entertainment Corporation during the first quarter worth approximately $156,000. Karp Capital Management Corp bought a new position in Caesars Entertainment Corporation during the first quarter worth approximately $177,000. American International Group Inc. increased its position in Caesars Entertainment Corporation by 7.1% in the first quarter. American International Group Inc. now owns 34,743 shares of the company’s stock worth $332,000 after buying an additional 2,295 shares during the period. Metropolitan Life Insurance Co. NY increased its position in 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 worth $298,000 after buying an additional 280 shares during the period. Finally, Gargoyle Investment Advisor L.L.C. bought a new position in Caesars Entertainment Corporation during the first quarter worth approximately $377,000. Institutional investors and hedge funds own 68.38% of the company’s stock.

Shares of Caesars Entertainment Corporation (NASDAQ:CZR) traded down 3.00% on Friday, reaching $11.30. 3,029,799 shares of the company’s stock traded hands. Caesars Entertainment Corporation has a 52 week low of $5.39 and a 52 week high of $13.45. The company has a 50 day moving average of $12.28 and a 200-day moving average of $10.86. The stock’s market capitalization is $1.69 billion.

Caesars Entertainment Corporation (NASDAQ:CZR) last released its 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 for the quarter, compared to analysts’ expectations of $2.11 billion. Equities research analysts forecast that Caesars Entertainment Corporation will post $0.06 earnings per share for the current year.

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CZR has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Imperial Capital initiated coverage on shares of Caesars Entertainment Corporation in a research report on Wednesday, July 19th. They issued an “outperform” rating and a $15.50 target price on the stock. CIBC initiated coverage on shares of Caesars Entertainment Corporation in a research report on Thursday, June 1st. They issued an “outperform” rating and a $15.00 target price on the stock. Oppenheimer Holdings, Inc. assumed coverage on shares of Caesars Entertainment Corporation in a research report on Thursday, June 1st. They issued an “outperform” rating and a $15.00 target price on the stock. Finally, Wolfe Research assumed coverage on shares of Caesars Entertainment Corporation in a research report on Friday, July 21st. They set an “outperform” rating and a $16.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target 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.

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

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