Hamilton Lane Advisors LLC purchased a new position in shares of Caesars Entertainment Corp (NASDAQ:CZR) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,906,550 shares of the company’s stock, valued at approximately $24,118,000. Caesars Entertainment comprises 12.5% of Hamilton Lane Advisors LLC’s holdings, making the stock its biggest position.

Other hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in Caesars Entertainment by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 47,153 shares of the company’s stock worth $566,000 after purchasing an additional 118 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Caesars Entertainment by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 90,530 shares of the company’s stock worth $1,088,000 after purchasing an additional 1,110 shares in the last quarter. Rhumbline Advisers lifted its holdings in Caesars Entertainment by 5.7% during the 2nd quarter. Rhumbline Advisers now owns 70,215 shares of the company’s stock worth $843,000 after purchasing an additional 3,805 shares in the last quarter. First Trust Advisors LP lifted its holdings in Caesars Entertainment by 2.1% during the 3rd quarter. First Trust Advisors LP now owns 211,836 shares of the company’s stock worth $2,828,000 after purchasing an additional 4,380 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in Caesars Entertainment by 19.8% during the 2nd quarter. Voya Investment Management LLC now owns 26,916 shares of the company’s stock worth $323,000 after purchasing an additional 4,449 shares in the last quarter. Institutional investors own 20.46% of the company’s stock.

Caesars Entertainment Corp (CZR) traded up $0.40 during trading hours on Wednesday, hitting $13.40. The company’s stock had a trading volume of 14,274,639 shares, compared to its average volume of 8,183,927. Caesars Entertainment Corp has a 1 year low of $8.50 and a 1 year high of $13.60. The stock has a market cap of $9,150.00, a PE ratio of -0.66 and a beta of 0.31. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of -1.69.

A number of brokerages recently issued reports on CZR. BidaskClub raised Caesars Entertainment from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. ValuEngine cut Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Zacks Investment Research cut Caesars Entertainment from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Oppenheimer reissued a “buy” rating and set a $15.00 price objective on shares of Caesars Entertainment in a report on Thursday, November 30th. Finally, Instinet began coverage on Caesars Entertainment in a report on Friday, October 6th. They set a “neutral” rating and a $14.00 price objective on the stock. Three analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $14.39.

In other Caesars Entertainment news, Director John M. Boushy purchased 20,000 shares of the stock in a transaction on Wednesday, December 6th. The shares were purchased at an average price of $12.64 per share, with a total value of $252,800.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $252,800. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Janis L. Jones sold 26,131 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $12.86, for a total value of $336,044.66. The disclosure for this sale can be found here. Company insiders own 5.80% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Hamilton Lane Advisors LLC Purchases New Position in Caesars Entertainment Corp (CZR)” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.thecerbatgem.com/2018/01/17/hamilton-lane-advisors-llc-purchases-new-position-in-caesars-entertainment-corp-czr.html.

About Caesars Entertainment

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 resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.

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

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