Gilder Gagnon Howe & Co. LLC lowered its position in Caesars Entertainment Corporation (NASDAQ:CZR) by 48.2% during the second quarter, Holdings Channel reports. The firm owned 149,305 shares of the company’s stock after selling 139,080 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Caesars Entertainment Corporation were worth $1,792,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. KCG Holdings Inc. purchased a new stake in shares of Caesars Entertainment Corporation during the first quarter worth about $116,000. Stevens Capital Management LP purchased a new stake in shares of Caesars Entertainment Corporation during the first quarter worth about $156,000. Karp Capital Management Corp purchased a new stake in shares of Caesars Entertainment Corporation during the first quarter worth about $177,000. Metropolitan Life Insurance Co. NY increased its stake in shares of Caesars Entertainment Corporation by 0.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 35,008 shares of the company’s stock worth $298,000 after buying an additional 280 shares during the period. Finally, American International Group Inc. increased its stake in shares of Caesars Entertainment Corporation by 7.1% in the first quarter. American International Group Inc. now owns 34,743 shares of the company’s stock worth $332,000 after buying an additional 2,295 shares during the period. 67.47% of the stock is currently owned by hedge funds and other institutional investors.

Caesars Entertainment Corporation (CZR) opened at 11.975 on Thursday. The firm’s 50-day moving average is $12.39 and its 200 day moving average is $10.73. Caesars Entertainment Corporation has a 12-month low of $5.39 and a 12-month high of $13.45. The stock’s market capitalization is $1.78 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 consensus estimate of $0.26 by $0.47. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $2.11 billion. Equities analysts expect that Caesars Entertainment Corporation will post ($0.27) EPS for the current year.

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A number of analysts recently issued reports on CZR shares. BidaskClub raised shares of Caesars Entertainment Corporation from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research raised 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 raised 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 set 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 set an “outperform” rating and a $15.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target 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.

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

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