Metropolitan Life Insurance Co. NY boosted its position in shares of Caesars Entertainment Corporation (NASDAQ:CZR) by 10.1% during the first quarter, Holdings Channel reports. The firm owned 38,533 shares of the company’s stock after buying an additional 3,525 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Caesars Entertainment Corporation were worth $368,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of America Corp DE boosted its position in Caesars Entertainment Corporation by 537.2% in the first quarter. Bank of America Corp DE now owns 270,663 shares of the company’s stock worth $2,585,000 after buying an additional 332,569 shares during the period. Gilder Gagnon Howe & Co. LLC bought a new position in Caesars Entertainment Corporation during the first quarter valued at $2,754,000. Norges Bank bought a new position in Caesars Entertainment Corporation during the fourth quarter valued at $2,428,000. Cornerstone Capital Management Holdings LLC. boosted its position in Caesars Entertainment Corporation by 181.3% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 403,173 shares of the company’s stock valued at $3,850,000 after buying an additional 259,839 shares during the period. Finally, Bank of Montreal Can bought a new position in Caesars Entertainment Corporation during the first quarter valued at $2,321,000. Institutional investors own 68.38% of the company’s stock.

Caesars Entertainment Corporation (NASDAQ CZR) traded down 3.00% on Friday, reaching $11.30. 3,029,799 shares of the company traded hands. The stock has a 50-day moving average of $12.28 and a 200 day moving average of $10.86. The company’s market capitalization is $1.69 billion. Caesars Entertainment Corporation has a 52-week low of $5.39 and a 52-week high of $13.45.

Caesars Entertainment Corporation (NASDAQ:CZR) last issued its quarterly earnings data on Thursday, August 3rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by $0.47. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $2.11 billion. On average, equities analysts forecast that Caesars Entertainment Corporation will post $0.06 EPS for the current year.

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Several research firms recently weighed in on CZR. ValuEngine cut shares of Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of 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 Tuesday, August 8th. BidaskClub cut shares of Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Wolfe Research began coverage on shares of Caesars Entertainment Corporation in a research report on Friday, July 21st. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, Oppenheimer Holdings, Inc. began coverage on shares of Caesars Entertainment Corporation in a research report on Thursday, June 1st. They issued an “outperform” rating and a $15.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $14.58.

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.

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

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