Caesars Entertainment, Inc. $CZR is Union Square Park Capital Management LLC’s 6th Largest Position

Union Square Park Capital Management LLC cut its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 17.1% during the third quarter, Holdings Channel reports. The firm owned 340,000 shares of the company’s stock after selling 70,000 shares during the quarter. Caesars Entertainment comprises about 3.3% of Union Square Park Capital Management LLC’s holdings, making the stock its 6th largest position. Union Square Park Capital Management LLC’s holdings in Caesars Entertainment were worth $9,188,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC boosted its stake in shares of Caesars Entertainment by 47.7% in the first quarter. AQR Capital Management LLC now owns 39,297 shares of the company’s stock valued at $953,000 after purchasing an additional 12,698 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Caesars Entertainment by 8.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,830 shares of the company’s stock worth $496,000 after buying an additional 1,623 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Caesars Entertainment by 106.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,599,273 shares of the company’s stock worth $39,982,000 after buying an additional 826,356 shares in the last quarter. Woodline Partners LP boosted its position in Caesars Entertainment by 40.7% in the 1st quarter. Woodline Partners LP now owns 17,952 shares of the company’s stock valued at $449,000 after buying an additional 5,192 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Caesars Entertainment by 0.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 506,585 shares of the company’s stock valued at $12,665,000 after buying an additional 3,198 shares during the period. Institutional investors and hedge funds own 91.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CZR. JPMorgan Chase & Co. cut their price objective on Caesars Entertainment from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Zacks Research raised Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. TD Cowen restated a “buy” rating on shares of Caesars Entertainment in a research note on Wednesday, January 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of Caesars Entertainment in a report on Wednesday, January 21st. Finally, Citizens Jmp dropped their price target on shares of Caesars Entertainment from $37.00 to $34.00 and set a “market outperform” rating on the stock in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Caesars Entertainment currently has an average rating of “Moderate Buy” and an average target price of $33.65.

Caesars Entertainment Stock Down 1.2%

Shares of NASDAQ CZR opened at $28.06 on Friday. The business has a 50-day moving average price of $22.99 and a 200 day moving average price of $23.35. The stock has a market cap of $5.71 billion, a PE ratio of -11.55 and a beta of 1.94. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 3.17. Caesars Entertainment, Inc. has a 52-week low of $17.86 and a 52-week high of $31.58.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, February 17th. The company reported ($1.23) EPS for the quarter, missing the consensus estimate of ($0.18) by ($1.05). Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period last year, the firm earned $0.05 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

About Caesars Entertainment

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.