Virtu KCG Holdings LLC Grows Holdings in Caesars Entertainment Corporation (CZR)
Virtu KCG Holdings LLC boosted its position in shares of Caesars Entertainment Corporation (NASDAQ:CZR) by 199.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,291 shares of the company’s stock after purchasing an additional 24,171 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Caesars Entertainment Corporation were worth $435,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CZR. Shapiro Capital Management LLC purchased a new position in Caesars Entertainment Corporation during the 2nd quarter worth $51,714,000. Eagle Asset Management Inc. purchased a new position in shares of Caesars Entertainment Corporation in the 2nd quarter valued at $18,119,000. Nicholas Investment Partners LP purchased a new position in shares of Caesars Entertainment Corporation in the 2nd quarter valued at $18,000,000. FMR LLC purchased a new position in shares of Caesars Entertainment Corporation in the 2nd quarter valued at $13,715,000. Finally, Point72 Asset Management L.P. increased its holdings in shares of Caesars Entertainment Corporation by 167.2% in the 1st quarter. Point72 Asset Management L.P. now owns 1,435,644 shares of the company’s stock valued at $13,710,000 after acquiring an additional 898,444 shares during the period. Institutional investors own 76.68% of the company’s stock.
CZR has been the topic of a number of analyst reports. 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. BidaskClub upgraded Caesars Entertainment Corporation from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. SunTrust Banks, Inc. initiated coverage on Caesars Entertainment Corporation in a report on Friday, September 15th. They issued a “buy” rating and a $14.00 price target on the stock. Finally, ValuEngine upgraded Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.39.
Caesars Entertainment Corporation (NASDAQ:CZR) last posted its quarterly earnings data on Thursday, August 3rd. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.47). The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $2.11 billion.
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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