Apollo Management Holdings L.P. maintained its position in Caesars Entertainment Corporation (NASDAQ:CZR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,495,304 shares of the company’s stock at the close of the 2nd quarter. Caesars Entertainment Corporation accounts for approximately 4.7% of Apollo Management Holdings L.P.’s holdings, making the stock its 7th largest position. Apollo Management Holdings L.P. owned about 17.82% of Caesars Entertainment Corporation worth $317,944,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KCG Holdings Inc. acquired a new position in shares of Caesars Entertainment Corporation in the 1st quarter worth approximately $116,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Caesars Entertainment Corporation by 88.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,449 shares of the company’s stock worth $125,000 after acquiring an additional 4,892 shares in the last quarter. Stevens Capital Management LP acquired a new position in shares of Caesars Entertainment Corporation in the 1st quarter worth approximately $156,000. Airain ltd acquired a new position in shares of Caesars Entertainment Corporation in the 2nd quarter worth approximately $161,000. Finally, Karp Capital Management Corp acquired a new position in shares of Caesars Entertainment Corporation in the 1st quarter worth approximately $177,000. 76.68% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on the company. Zacks Investment Research raised Caesars Entertainment Corporation from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Tuesday, August 8th. ValuEngine downgraded Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Imperial Capital assumed coverage on Caesars Entertainment Corporation in a report on Wednesday, July 19th. They issued an “outperform” rating and a $15.50 target price on the stock. BidaskClub raised Caesars Entertainment Corporation from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Finally, Oppenheimer Holdings, Inc. assumed 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. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $14.50.

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Caesars Entertainment Corporation (NASDAQ:CZR) traded down 0.198% on Thursday, reaching $12.625. 747,657 shares of the company traded hands. Caesars Entertainment Corporation has a 52-week low of $6.61 and a 52-week high of $13.45. The company’s market capitalization is $1.88 billion. The stock has a 50-day moving average of $11.76 and a 200 day moving average of $11.26.

Caesars Entertainment Corporation (NASDAQ:CZR) last issued its earnings results on Thursday, August 3rd. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.47). The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $2.11 billion. On average, equities analysts forecast that Caesars Entertainment Corporation will post $0.06 EPS for the current year.

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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