NGAM Advisors L.P. acquired a new stake in Caesars Entertainment Corporation (NASDAQ:CZR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 170,654 shares of the company’s stock, valued at approximately $2,047,000.

Other hedge funds have also made changes to their positions in the company. Metropolitan Life Insurance Co. NY increased its position 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 in the last quarter. Wells Fargo & Company MN increased its position in Caesars Entertainment Corporation by 3.0% in the first quarter. Wells Fargo & Company MN now owns 43,804 shares of the company’s stock valued at $418,000 after buying an additional 1,273 shares in the last quarter. American International Group Inc. increased its position in Caesars Entertainment Corporation by 7.1% in the first quarter. American International Group Inc. now owns 34,743 shares of the company’s stock valued at $332,000 after buying an additional 2,295 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in 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 valued at $454,000 after buying an additional 3,800 shares in the last quarter. Finally, Menta Capital LLC increased its position in Caesars Entertainment Corporation by 3.5% in the first quarter. Menta Capital LLC now owns 176,797 shares of the company’s stock valued at $1,688,000 after buying an additional 5,900 shares in the last quarter. Institutional investors and hedge funds own 67.47% of the company’s stock.

Caesars Entertainment Corporation (CZR) opened at 12.15 on Friday. The firm has a 50-day moving average price of $12.37 and a 200 day moving average price of $10.76. The company’s market capitalization is $1.81 billion. Caesars Entertainment Corporation has a 52-week low of $5.39 and a 52-week high of $13.45.

Caesars Entertainment Corporation (NASDAQ:CZR) last posted its quarterly earnings data on Thursday, August 3rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by $0.47. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $2.11 billion. On average, analysts predict that Caesars Entertainment Corporation will post ($0.27) earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/08/13/170654-shares-in-caesars-entertainment-corporation-nasdaqczr-acquired-by-ngam-advisors-l-p.html.

Several equities analysts have commented on the company. Zacks Investment Research upgraded Caesars Entertainment Corporation from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Tuesday, August 8th. ValuEngine downgraded Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Imperial Capital assumed coverage on Caesars Entertainment Corporation in a research report on Wednesday, July 19th. They issued an “outperform” rating and a $15.50 target price for the company. BidaskClub upgraded Caesars Entertainment Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Finally, Wolfe Research assumed coverage on Caesars Entertainment Corporation in a research report on Friday, July 21st. They issued an “outperform” rating and a $16.00 target price 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 stock. The company currently has an average rating of “Buy” and a consensus target price 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.

Want to see what other hedge funds are holding CZR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caesars Entertainment Corporation (NASDAQ:CZR).

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

Receive News & Ratings for Caesars Entertainment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caesars Entertainment Corporation and related companies with MarketBeat.com's FREE daily email newsletter.