Shapiro Capital Management LLC acquired a new position in Caesars Entertainment Corporation (NASDAQ:CZR) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,309,475 shares of the company’s stock, valued at approximately $51,714,000. Shapiro Capital Management LLC owned approximately 2.90% of Caesars Entertainment Corporation as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of CZR. BNP Paribas Arbitrage SA grew 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 during the last quarter. KCG Holdings Inc. acquired a new position in shares of Caesars Entertainment Corporation in the 1st quarter worth $116,000. Airain ltd acquired a new position in shares of Caesars Entertainment Corporation in the 2nd quarter worth $161,000. Stevens Capital Management LP acquired a new position in shares of Caesars Entertainment Corporation in the 1st quarter worth $156,000. Finally, Karp Capital Management Corp acquired a new position in shares of Caesars Entertainment Corporation in the 1st quarter worth $177,000. 76.68% of the stock is currently owned by institutional investors.

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A number of research analysts have recently weighed in on the company. BidaskClub downgraded Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. ValuEngine upgraded Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. CIBC assumed coverage on Caesars Entertainment Corporation in a report on Thursday, June 1st. They set an “outperform” rating and a $15.00 price target on the stock. Oppenheimer Holdings, Inc. assumed coverage on Caesars Entertainment Corporation in a report on Thursday, June 1st. They set an “outperform” rating and a $15.00 price target on the stock. Finally, Zacks Investment Research upgraded Caesars Entertainment Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Caesars Entertainment Corporation currently has an average rating of “Buy” and a consensus price target of $14.50.

Shares of Caesars Entertainment Corporation (NASDAQ CZR) traded up 3.061% on Tuesday, hitting $12.625. The stock had a trading volume of 2,683,143 shares. The company’s market capitalization is $1.88 billion. The firm has a 50 day moving average price of $11.76 and a 200 day moving average price of $11.24. Caesars Entertainment Corporation has a one year low of $6.61 and a one year high of $13.45.

Caesars Entertainment Corporation (NASDAQ:CZR) last issued its quarterly earnings data on Thursday, August 3rd. The company reported ($0.21) 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 analyst estimates of $2.11 billion. On average, equities research analysts predict 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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