Macquarie Group Ltd. Takes $346,000 Position in Caesars Entertainment Corporation (CZR)
Macquarie Group Ltd. bought a new position in Caesars Entertainment Corporation (NASDAQ:CZR) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 25,906 shares of the company’s stock, valued at approximately $346,000.
A number of other hedge funds have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its position in Caesars Entertainment by 0.3% in the second 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 during the period. Dimensional Fund Advisors LP lifted its position in Caesars Entertainment by 1.2% in the second 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 during the period. Metropolitan Life Insurance Co. NY lifted its position in Caesars Entertainment by 10.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 38,533 shares of the company’s stock worth $368,000 after purchasing an additional 3,525 shares during the period. Rhumbline Advisers lifted its position in Caesars Entertainment by 5.7% in the second quarter. Rhumbline Advisers now owns 70,215 shares of the company’s stock worth $843,000 after purchasing an additional 3,805 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Caesars Entertainment by 2.1% during the third quarter. First Trust Advisors LP now owns 211,836 shares of the company’s stock valued at $2,828,000 after acquiring an additional 4,380 shares during the period. 20.47% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Janis L. Jones sold 26,131 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $12.86, for a total value of $336,044.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John M. Boushy bought 20,000 shares of the stock in a transaction dated Wednesday, December 6th. The stock was acquired at an average price of $12.64 per share, with a total value of $252,800.00. Following the completion of the purchase, the director now owns 20,000 shares of the company’s stock, valued at approximately $252,800. The disclosure for this purchase can be found here. Company insiders own 4.60% of the company’s stock.
CZR has been the subject of a number of analyst reports. Oppenheimer reissued a “buy” rating and set a $15.00 price objective on shares of Caesars Entertainment in a report on Thursday, November 30th. Zacks Investment Research cut Caesars Entertainment from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub raised Caesars Entertainment from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. ValuEngine raised Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Instinet initiated coverage on Caesars Entertainment in a report on Friday, October 6th. They set a “neutral” rating and a $14.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Caesars Entertainment currently has a consensus rating of “Hold” and an average target price of $14.39.
Caesars Entertainment Corporation (NASDAQ:CZR) opened at $12.55 on Friday. Caesars Entertainment Corporation has a twelve month low of $7.05 and a twelve month high of $13.60. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of -1.69.
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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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