Davidson Kempner Capital Management LP purchased a new position in shares of Caesars Entertainment Corporation (NASDAQ:CZR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 450,000 shares of the company’s stock, valued at approximately $5,378,000. Davidson Kempner Capital Management LP owned 0.30% of Caesars Entertainment Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of CZR. Shapiro Capital Management LLC acquired a new stake in shares of Caesars Entertainment Corporation during the second quarter worth approximately $51,714,000. Capital Research Global Investors boosted its holdings in shares of Caesars Entertainment Corporation by 61.1% during the second quarter. Capital Research Global Investors now owns 5,639,686 shares of the company’s stock worth $67,676,000 after purchasing an additional 2,139,086 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of Caesars Entertainment Corporation during the second quarter worth approximately $18,119,000. Nicholas Investment Partners LP acquired a new stake in shares of Caesars Entertainment Corporation during the second quarter worth approximately $18,000,000. Finally, FMR LLC acquired a new stake in shares of Caesars Entertainment Corporation during the second quarter worth approximately $13,715,000. Institutional investors and hedge funds own 76.68% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Davidson Kempner Capital Management LP Purchases New Holdings in Caesars Entertainment Corporation (CZR)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/10/22/davidson-kempner-capital-management-lp-purchases-new-holdings-in-caesars-entertainment-corporation-czr.html.

A number of analysts have issued reports on CZR shares. Zacks Investment Research upgraded shares of Caesars Entertainment Corporation from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Tuesday, August 8th. BidaskClub upgraded shares of Caesars Entertainment Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. SunTrust Banks, Inc. started coverage on shares of Caesars Entertainment Corporation in a research note on Friday, September 15th. They issued a “buy” rating and a $14.00 target price for the company. Finally, ValuEngine upgraded shares of Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Caesars Entertainment Corporation has a consensus rating of “Hold” and a consensus target price of $14.39.

Shares of Caesars Entertainment Corporation (NASDAQ:CZR) opened at 12.20 on Friday. The stock has a 50 day moving average of $12.33 and a 200-day moving average of $11.76. Caesars Entertainment Corporation has a 52 week low of $6.70 and a 52 week high of $13.60. The firm’s market capitalization is $1.82 billion.

Caesars Entertainment Corporation (NASDAQ:CZR) last issued its quarterly earnings results on Thursday, August 3rd. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.47). The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $2.11 billion. Equities analysts anticipate that Caesars Entertainment Corporation will post $0.05 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.

Want to see what other hedge funds are holding CZR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caesars Entertainment Corporation (NASDAQ:CZR).

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

Receive News & Stock Ratings for Caesars Entertainment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caesars Entertainment Corporation and related stocks with our FREE daily email newsletter.