Neuberger Berman Group LLC purchased a new stake in shares of Caesars Entertainment Corporation (NASDAQ:CZR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 36,183 shares of the company’s stock, valued at approximately $434,000.

A number of other institutional investors have also recently made changes to their positions in CZR. Teachers Advisors LLC boosted its stake in Caesars Entertainment Corporation by 9.1% during the fourth quarter. Teachers Advisors LLC now owns 92,597 shares of the company’s stock valued at $787,000 after buying an additional 7,695 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Caesars Entertainment Corporation by 3.0% during 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 during the last quarter. First Trust Advisors LP boosted its stake in Caesars Entertainment Corporation by 128.5% during the first quarter. First Trust Advisors LP now owns 132,959 shares of the company’s stock valued at $1,270,000 after buying an additional 74,779 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Caesars Entertainment Corporation by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 251,600 shares of the company’s stock valued at $2,402,000 after buying an additional 7,589 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in Caesars Entertainment Corporation by 8.7% during 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 during the last quarter. 76.68% of the stock is owned by institutional investors.

A number of equities analysts recently commented on CZR shares. Zacks Investment Research raised Caesars Entertainment Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Friday, September 8th. ValuEngine raised Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub raised Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. SunTrust Banks, Inc. started coverage on Caesars Entertainment Corporation in a research note on Friday, September 15th. They set a “buy” rating and a $14.00 price target for the company. Finally, Imperial Capital started coverage on Caesars Entertainment Corporation in a research note on Wednesday, July 19th. They set an “outperform” rating and a $15.50 price target for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $14.50.

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Caesars Entertainment Corporation (NASDAQ:CZR) opened at 12.70 on Friday. The company’s market capitalization is $1.89 billion. The company’s 50-day moving average price is $11.76 and its 200-day moving average price is $11.26. Caesars Entertainment Corporation has a 52 week low of $6.61 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 the Thomson Reuters’ consensus estimate of $0.26 by ($0.47). The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $2.11 billion. Equities analysts forecast that Caesars Entertainment Corporation will post $0.06 earnings per share for the current fiscal year.

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.

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

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