Bank of New York Mellon Corp increased its position in Caesars Entertainment Corporation (NASDAQ:CZR) by 3.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,600 shares of the company’s stock after buying an additional 7,589 shares during the period. Bank of New York Mellon Corp’s holdings in Caesars Entertainment Corporation were worth $2,402,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CZR. State Street Corp increased its stake in shares of Caesars Entertainment Corporation by 7.3% in the fourth quarter. State Street Corp now owns 1,186,329 shares of the company’s stock worth $10,083,000 after buying an additional 80,663 shares in the last quarter. Norges Bank bought a new stake in shares of Caesars Entertainment Corporation during the fourth quarter worth about $2,428,000. Cohen Capital Management Inc. bought a new stake in shares of Caesars Entertainment Corporation during the first quarter worth about $2,697,000. Bank of Montreal Can bought a new stake in shares of Caesars Entertainment Corporation during the first quarter worth about $2,321,000. Finally, First Trust Advisors LP increased its stake in shares of Caesars Entertainment Corporation by 128.5% in the first quarter. First Trust Advisors LP now owns 132,959 shares of the company’s stock worth $1,270,000 after buying an additional 74,779 shares in the last quarter. 67.43% of the stock is currently owned by institutional investors and hedge funds.

Shares of Caesars Entertainment Corporation (CZR) opened at 12.50 on Tuesday. Caesars Entertainment Corporation has a one year low of $5.39 and a one year high of $13.05. The firm has a 50 day moving average price of $11.91 and a 200-day moving average price of $9.92. The firm’s market cap is $1.86 billion.

Caesars Entertainment Corporation (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, May 2nd. The company reported ($3.71) EPS for the quarter, missing analysts’ consensus estimates of $0.54 by $4.25. The firm had revenue of $963 million for the quarter. Analysts forecast that Caesars Entertainment Corporation will post ($0.24) earnings per share for the current year.

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A number of equities research analysts have weighed in on CZR shares. Macquarie raised Caesars Entertainment Corporation from a “neutral” rating to an “outperform” rating and raised their target price for the company from $10.00 to $13.00 in a report on Thursday, April 20th. BidaskClub downgraded Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Oppenheimer Holdings, Inc. started coverage on Caesars Entertainment Corporation in a report on Thursday, June 1st. They issued an “outperform” rating and a $15.00 target price on the stock. CIBC started coverage on Caesars Entertainment Corporation in a report on Thursday, June 1st. They issued an “outperform” rating and a $15.00 target price on the stock. Finally, ValuEngine raised Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $14.33.

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.

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

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