Nicholas Investment Partners LP acquired a new position 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 fund acquired 1,500,000 shares of the company’s stock, valued at approximately $18,000,000. Caesars Entertainment Corporation makes up approximately 1.3% of Nicholas Investment Partners LP’s holdings, making the stock its 5th biggest position. Nicholas Investment Partners LP owned approximately 1.01% of Caesars Entertainment Corporation at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in shares of Caesars Entertainment Corporation by 3.0% during the first quarter. Wells Fargo & Company MN now owns 43,804 shares of the company’s stock worth $418,000 after buying an additional 1,273 shares in the last quarter. American International Group Inc. grew its position in shares of Caesars Entertainment Corporation by 7.1% during the first quarter. American International Group Inc. now owns 34,743 shares of the company’s stock worth $332,000 after buying an additional 2,295 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its position in shares of Caesars Entertainment Corporation by 10.1% during the first quarter. Metropolitan Life Insurance Co. NY now owns 38,533 shares of the company’s stock worth $368,000 after buying an additional 3,525 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in shares of 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 worth $454,000 after buying an additional 3,800 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Caesars Entertainment Corporation by 5.7% during the second quarter. Rhumbline Advisers now owns 70,215 shares of the company’s stock worth $843,000 after buying an additional 3,805 shares in the last quarter. 76.68% of the stock is owned by institutional investors and hedge funds.

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Shares of Caesars Entertainment Corporation (NASDAQ CZR) traded up 1.67% during trading on Monday, reaching $12.15. The company had a trading volume of 1,889,654 shares. The firm has a 50-day moving average price of $11.77 and a 200-day moving average price of $11.20. The company’s market capitalization is $1.81 billion. 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 consensus estimate of $0.26 by ($0.47). The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $2.11 billion. On average, analysts predict that Caesars Entertainment Corporation will post $0.06 EPS for the current fiscal year.

A number of equities analysts have recently commented on CZR shares. Zacks Investment Research downgraded Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. CIBC started coverage on Caesars Entertainment Corporation in a report on Thursday, June 1st. They issued an “outperform” rating and a $15.00 price target for the company. ValuEngine raised Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub downgraded Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Finally, Wolfe Research started coverage on Caesars Entertainment Corporation in a report on Friday, July 21st. They issued an “outperform” rating and a $16.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Caesars Entertainment Corporation presently has an average rating of “Buy” and an average target price of $14.50.

Caesars Entertainment Corporation 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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