Cohen Capital Management Inc. purchased a new stake in shares of Caesars Entertainment Corp (NASDAQ:CZR) during the first quarter, Holdings Channel reports. The firm purchased 282,437 shares of the company’s stock, valued at approximately $2,697,000.

Several other hedge funds have also recently added to or reduced their stakes in CZR. Capstone Investment Advisors LLC purchased a new stake in Caesars Entertainment Corp during the fourth quarter valued at approximately $113,000. Aperio Group LLC increased its stake in Caesars Entertainment Corp by 8.2% in the third quarter. Aperio Group LLC now owns 14,929 shares of the company’s stock valued at $111,000 after buying an additional 1,128 shares during the period. Neuberger Berman Group LLC bought a new stake in Caesars Entertainment Corp during the third quarter valued at $158,000. Wells Fargo & Company MN increased its stake in Caesars Entertainment Corp by 0.9% in the third quarter. Wells Fargo & Company MN now owns 23,009 shares of the company’s stock valued at $172,000 after buying an additional 200 shares during the period. Finally, Pacific Alternative Asset Management Company LLC bought a new stake in Caesars Entertainment Corp during the third quarter valued at $257,000. 65.00% of the stock is currently owned by hedge funds and other institutional investors.

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

Caesars Entertainment Corp (NASDAQ:CZR) traded up 1.05% during mid-day trading on Tuesday, reaching $9.65. 169,053 shares of the company traded hands. Caesars Entertainment Corp has a 52-week low of $5.39 and a 52-week high of $10.84. The stock has a 50-day moving average of $9.48 and a 200 day moving average of $8.40. The stock’s market capitalization is $1.42 billion.

Caesars Entertainment Corp (NASDAQ:CZR) last issued its earnings results on Tuesday, February 14th. The company reported ($3.88) earnings per share for the quarter, missing the consensus estimate of ($0.37) by $3.51. Caesars Entertainment Corp had a negative return on equity of 818.18% and a negative net margin of 68.93%. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.39 billion. Equities research analysts expect that Caesars Entertainment Corp will post ($16.90) earnings per share for the current year.

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About Caesars Entertainment Corp

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.

5 Day Chart for NASDAQ:CZR

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