231,865 Shares in Caesars Entertainment Corporation (CZR) Purchased by Engineers Gate Manager LP

Engineers Gate Manager LP purchased a new stake in Caesars Entertainment Corporation (NASDAQ:CZR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 231,865 shares of the company’s stock, valued at approximately $3,095,000.

Other hedge funds also recently bought and sold shares of the company. Legal & General Group Plc lifted its holdings in Caesars Entertainment by 17.9% in the third quarter. Legal & General Group Plc now owns 123,767 shares of the company’s stock valued at $1,649,000 after acquiring an additional 18,755 shares during the last quarter. Hosking Partners LLP lifted its holdings in Caesars Entertainment by 182.5% in the third quarter. Hosking Partners LLP now owns 1,038,146 shares of the company’s stock valued at $13,859,000 after acquiring an additional 670,716 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in Caesars Entertainment by 45.2% in the third quarter. Eagle Asset Management Inc. now owns 2,191,757 shares of the company’s stock valued at $29,259,000 after acquiring an additional 681,779 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in Caesars Entertainment in the third quarter valued at approximately $284,000. Finally, 1060 Capital LLC acquired a new position in Caesars Entertainment in the third quarter valued at approximately $12,015,000. Institutional investors and hedge funds own 20.47% of the company’s stock.

A number of research analysts recently commented on CZR shares. BidaskClub cut Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Friday, August 25th. ValuEngine upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research cut Caesars Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. SunTrust Banks initiated coverage on Caesars Entertainment in a research note on Friday, September 15th. They set a “buy” rating and a $14.00 price target on the stock. Finally, Nomura initiated coverage on Caesars Entertainment in a research note on Friday, October 6th. They set a “neutral” rating and a $14.00 price target on the stock. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Caesars Entertainment presently has an average rating of “Hold” and an average target price of $14.39.

Caesars Entertainment Corporation (NASDAQ:CZR) opened at $12.50 on Thursday. The company has a debt-to-equity ratio of -1.69, a current ratio of 0.48 and a quick ratio of 0.48. Caesars Entertainment Corporation has a 52 week low of $7.05 and a 52 week high of $13.60.

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About Caesars Entertainment

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

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