Alliancebernstein L.P. increased its stake in Caesars Entertainment Corporation (NASDAQ:CZR) by 107.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,550 shares of the company’s stock after buying an additional 35,000 shares during the quarter. Alliancebernstein L.P.’s holdings in Caesars Entertainment Corporation were worth $811,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Hosking Partners LLP bought a new stake in Caesars Entertainment Corporation in the second quarter worth $4,409,000. JPMorgan Chase & Co. lifted its position in Caesars Entertainment Corporation by 488.2% in the second quarter. JPMorgan Chase & Co. now owns 357,247 shares of the company’s stock worth $4,287,000 after buying an additional 296,510 shares during the last quarter. Artemis Investment Management LLP bought a new stake in Caesars Entertainment Corporation in the second quarter worth $4,385,000. Swiss National Bank lifted its position in Caesars Entertainment Corporation by 8.8% in the second quarter. Swiss National Bank now owns 89,300 shares of the company’s stock worth $1,072,000 after buying an additional 7,200 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in Caesars Entertainment Corporation in the second quarter worth $18,119,000. Institutional investors own 76.73% of the company’s stock.
A number of analysts recently issued reports on CZR shares. Zacks Investment Research downgraded Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub upgraded Caesars Entertainment Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. ValuEngine upgraded Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Instinet assumed coverage on Caesars Entertainment Corporation in a research report on Friday, October 6th. They issued a “neutral” rating and a $14.00 price target for the company. Finally, SunTrust Banks, Inc. assumed coverage on Caesars Entertainment Corporation in a research note on Friday, September 15th. They issued a “buy” rating and a $14.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $14.39.
Shares of Caesars Entertainment Corporation (NASDAQ:CZR) opened at 12.60 on Tuesday. The stock’s market cap is $1.88 billion. The firm has a 50-day moving average price of $12.44 and a 200-day moving average price of $11.91. Caesars Entertainment Corporation has a 1-year low of $6.70 and a 1-year high of $13.60.
Caesars Entertainment Corporation (NASDAQ:CZR) last announced its quarterly earnings results on Thursday, August 3rd. The company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.47). The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $2.11 billion. Equities analysts forecast that Caesars Entertainment Corporation will post $0.05 EPS for the current year.
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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 resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.
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