KCG Holdings Inc. purchased a new position in shares of Caesars Entertainment Corporation (NASDAQ:CZR) during the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 12,120 shares of the company’s stock, valued at approximately $116,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Metropolitan Life Insurance Co. NY raised its position in shares of Caesars Entertainment Corporation by 0.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 35,008 shares of the company’s stock worth $298,000 after buying an additional 280 shares in the last quarter. Wells Fargo & Company MN raised its position in Caesars Entertainment Corporation by 3.0% in the first quarter. Wells Fargo & Company MN now owns 43,804 shares of the company’s stock worth $418,000 after buying an additional 1,273 shares during the period. American International Group Inc. raised its position in Caesars Entertainment Corporation by 7.1% in the first quarter. American International Group Inc. now owns 34,743 shares of the company’s stock worth $332,000 after buying an additional 2,295 shares during the period. UBS Asset Management Americas Inc. raised its position in Caesars Entertainment Corporation by 8.7% in the first quarter. UBS Asset Management Americas Inc. now owns 47,571 shares of the company’s stock worth $454,000 after buying an additional 3,800 shares during the period. Finally, Menta Capital LLC raised its position in Caesars Entertainment Corporation by 3.5% in the first quarter. Menta Capital LLC now owns 176,797 shares of the company’s stock worth $1,688,000 after buying an additional 5,900 shares during the period. 67.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Caesars Entertainment Corporation (NASDAQ:CZR) traded up 1.464% during mid-day trading on Friday, hitting $12.125. 408,927 shares of the stock were exchanged. The stock’s market cap is $1.81 billion. The company has a 50-day moving average of $12.38 and a 200 day moving average of $10.74. Caesars Entertainment Corporation has a one year low of $5.39 and a one year high of $13.45.

Caesars Entertainment Corporation (NASDAQ:CZR) last released its earnings results on Thursday, August 3rd. The company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.47. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $2.11 billion. On average, equities analysts predict that Caesars Entertainment Corporation will post ($0.27) earnings per share for the current year.

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CZR has been the topic of a number of research reports. Imperial Capital initiated coverage on shares of Caesars Entertainment Corporation in a research note on Wednesday, July 19th. They issued an “outperform” rating and a $15.50 target price on the stock. Wolfe Research initiated coverage on shares of Caesars Entertainment Corporation in a research note on Friday, July 21st. They issued an “outperform” rating and a $16.00 target price on the stock. Macquarie raised shares of Caesars Entertainment Corporation from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $10.00 to $13.00 in a research note on Thursday, April 20th. Zacks Investment Research lowered shares of Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, ValuEngine lowered shares of Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus 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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