Vanguard Group Inc. boosted its stake in Caesars Entertainment Corporation (NASDAQ:CZR) by 5.1% during the first quarter, Holdings Channel reports. The fund owned 4,564,426 shares of the company’s stock after buying an additional 219,955 shares during the period. Vanguard Group Inc.’s holdings in Caesars Entertainment Corporation were worth $43,590,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Caesars Entertainment Corporation by 7.3% in the fourth quarter. State Street Corp now owns 1,186,329 shares of the company’s stock valued at $10,083,000 after buying an additional 80,663 shares during the last quarter. Norges Bank purchased a new stake in Caesars Entertainment Corporation during the fourth quarter valued at about $2,428,000. Metropolitan Life Insurance Co. NY boosted its stake in 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 valued at $298,000 after buying an additional 280 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in Caesars Entertainment Corporation by 181.3% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 403,173 shares of the company’s stock valued at $3,850,000 after buying an additional 259,839 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in Caesars Entertainment Corporation by 8.3% in the first quarter. California Public Employees Retirement System now owns 576,100 shares of the company’s stock valued at $5,502,000 after buying an additional 44,200 shares during the last quarter. Hedge funds and other institutional investors own 67.47% of the company’s stock.

Shares of Caesars Entertainment Corporation (NASDAQ CZR) traded up 1.67% on Friday, reaching $12.15. 1,399,539 shares of the company’s stock traded hands. Caesars Entertainment Corporation has a 52 week low of $5.39 and a 52 week high of $13.45. The stock’s market capitalization is $1.81 billion. The stock’s 50-day moving average price is $12.37 and its 200-day moving average price is $10.76.

Caesars Entertainment Corporation (NASDAQ:CZR) last released its earnings results on Thursday, August 3rd. The company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.47. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $2.11 billion. Equities analysts predict that Caesars Entertainment Corporation will post ($0.27) EPS for the current year.

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CZR has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. CIBC initiated coverage on shares of Caesars Entertainment Corporation in a research report on Thursday, June 1st. They set an “outperform” rating and a $15.00 price objective for the company. ValuEngine upgraded shares of Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut shares of Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Oppenheimer Holdings, Inc. initiated coverage on shares of Caesars Entertainment Corporation in a research report on Thursday, June 1st. They set an “outperform” rating and a $15.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $14.58.

Caesars Entertainment Corporation Company Profile

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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