Highbridge Capital Management LLC reduced its position in Caesars Entertainment Corporation (NASDAQ:CZR) by 45.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 34,110 shares of the company’s stock after selling 28,199 shares during the period. Highbridge Capital Management LLC’s holdings in Caesars Entertainment Corporation were worth $326,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Parametric Portfolio Associates LLC boosted its position in Caesars Entertainment Corporation by 6.7% in the first quarter. Parametric Portfolio Associates LLC now owns 256,230 shares of the company’s stock valued at $2,447,000 after buying an additional 16,014 shares during the period. Karp Capital Management Corp acquired a new position in Caesars Entertainment Corporation during the first quarter valued at about $177,000. UBS Asset Management Americas Inc. boosted 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 during the period. Gargoyle Investment Advisor L.L.C. acquired a new position in Caesars Entertainment Corporation during the first quarter valued at about $377,000. Finally, Bank of New York Mellon Corp boosted its position in Caesars Entertainment Corporation by 3.1% in 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 period. 67.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Caesars Entertainment Corporation (NASDAQ:CZR) traded up 0.83% during midday trading on Thursday, reaching $12.20. 2,519,582 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $12.45 and its 200 day moving average is $10.62. Caesars Entertainment Corporation has a one year low of $5.39 and a one year high of $13.45. The firm’s market cap is $1.82 billion.

Caesars Entertainment Corporation (NASDAQ:CZR) last issued its earnings results on Tuesday, May 2nd. The company reported ($3.71) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $4.25. The company had revenue of $963 million for the quarter. Analysts anticipate that Caesars Entertainment Corporation will post ($0.39) EPS for the current year.

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Several equities analysts recently issued reports on the company. 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 price objective on the stock. BidaskClub lowered shares of Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Wolfe Research began coverage on shares of Caesars Entertainment Corporation in a research note on Friday, July 21st. They set an “outperform” rating and a $16.00 target price for the company. ValuEngine lowered shares of Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Zacks Investment Research lowered shares of Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $14.90.

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.

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

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