Caesars Entertainment Corporation (NASDAQ:CZR) Position Raised by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of Caesars Entertainment Corporation (NASDAQ:CZR) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,564,426 shares of the company’s stock after buying an additional 219,955 shares during the period. Vanguard Group Inc. owned 3.07% of Caesars Entertainment Corporation worth $43,590,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the stock. Parametric Portfolio Associates LLC increased its stake in shares of Caesars Entertainment Corporation by 6.7% in the first quarter. Parametric Portfolio Associates LLC now owns 256,230 shares of the company’s stock worth $2,447,000 after buying an additional 16,014 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Caesars Entertainment Corporation during the first quarter worth about $177,000. UBS Asset Management Americas Inc. increased its stake in shares of 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 worth $454,000 after buying an additional 3,800 shares in the last quarter. Gargoyle Investment Advisor L.L.C. bought a new stake in shares of Caesars Entertainment Corporation during the first quarter worth about $377,000. Finally, Bank of New York Mellon Corp increased its stake in shares of 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 worth $2,402,000 after buying an additional 7,589 shares in the last quarter. Hedge funds and other institutional investors own 67.47% of the company’s stock.

Caesars Entertainment Corporation (CZR) traded up 1.67% during mid-day trading on Friday, hitting $12.15. 1,399,539 shares of the stock were exchanged. Caesars Entertainment Corporation has a 52-week low of $5.39 and a 52-week high of $13.45. The stock’s 50 day moving average is $12.37 and its 200 day moving average is $10.76. The stock’s market cap is $1.81 billion.

Caesars Entertainment Corporation (NASDAQ:CZR) last issued its earnings results on Thursday, August 3rd. The company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.47. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $2.11 billion. Analysts forecast that Caesars Entertainment Corporation will post ($0.27) EPS for the current fiscal year.

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A number of analysts have issued reports on CZR shares. BidaskClub upgraded shares of Caesars Entertainment Corporation from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research upgraded shares of Caesars Entertainment Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Tuesday. ValuEngine upgraded shares of Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. CIBC started coverage on shares of Caesars Entertainment Corporation in a report on Thursday, June 1st. They issued an “outperform” rating and a $15.00 price target on the stock. Finally, Oppenheimer Holdings, Inc. started coverage on shares of Caesars Entertainment Corporation in a report on Thursday, June 1st. They issued an “outperform” rating and a $15.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $14.58.

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.

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

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