Russell Investments Group Ltd. purchased a new position in Caesars Entertainment Corporation (NASDAQ:CZR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 48,797 shares of the company’s stock, valued at approximately $586,000.

A number of other hedge funds have also modified their holdings of CZR. Teachers Advisors LLC grew its position in shares of 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 purchasing an additional 7,695 shares in the last quarter. 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 valued at $418,000 after purchasing an additional 1,273 shares in the last quarter. First Trust Advisors LP grew its position in shares of 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 purchasing an additional 74,779 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of 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 purchasing an additional 7,589 shares in the last quarter. Finally, 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 valued at $454,000 after purchasing an additional 3,800 shares in the last quarter. Institutional investors and hedge funds own 76.68% of the company’s stock.

CZR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Caesars Entertainment Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Friday, September 8th. ValuEngine upgraded Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub upgraded Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a research report on Monday. SunTrust Banks, Inc. initiated coverage on Caesars Entertainment Corporation in a research report on Friday. They set a “buy” rating and a $14.00 price objective for the company. Finally, Imperial Capital initiated coverage on Caesars Entertainment Corporation in a research report on Wednesday, July 19th. They set an “outperform” rating and a $15.50 price objective for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $14.50.

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Shares of Caesars Entertainment Corporation (NASDAQ CZR) traded up 2.04% on Tuesday, hitting $12.50. 2,962,830 shares of the company were exchanged. The firm’s 50-day moving average is $11.76 and its 200-day moving average is $11.24. The stock’s market capitalization is $1.86 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 announced 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 company had revenue of $1 billion for the quarter, compared to the consensus estimate of $2.11 billion. Equities research analysts predict that Caesars Entertainment Corporation will post $0.06 earnings per share for the current year.

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.

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

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