Mason Capital Management LLC trimmed its holdings in shares of Caesars Entertainment Corporation (NASDAQ:CZR) by 39.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,059,210 shares of the company’s stock after selling 704,302 shares during the period. Caesars Entertainment Corporation comprises approximately 0.8% of Mason Capital Management LLC’s investment portfolio, making the stock its 18th biggest position. Mason Capital Management LLC owned approximately 0.71% of Caesars Entertainment Corporation worth $12,711,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. KCG Holdings Inc. acquired a new position in Caesars Entertainment Corporation in the 1st quarter worth approximately $116,000. BNP Paribas Arbitrage SA lifted its position in Caesars Entertainment Corporation by 88.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,449 shares of the company’s stock worth $125,000 after buying an additional 4,892 shares in the last quarter. Quantbot Technologies LP lifted its position in Caesars Entertainment Corporation by 647.9% in the 2nd quarter. Quantbot Technologies LP now owns 12,116 shares of the company’s stock worth $145,000 after buying an additional 10,496 shares in the last quarter. Stevens Capital Management LP purchased a new stake in Caesars Entertainment Corporation in the 1st quarter worth approximately $156,000. Finally, Airain ltd purchased a new stake in Caesars Entertainment Corporation in the 2nd quarter worth approximately $161,000. Hedge funds and other institutional investors own 76.68% of the company’s stock.

WARNING: “Mason Capital Management LLC Trims Position in Caesars Entertainment Corporation (CZR)” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this report on another publication, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.watchlistnews.com/mason-capital-management-llc-trims-position-in-caesars-entertainment-corporation-czr/1598770.html.

Caesars Entertainment Corporation (CZR) traded up 2.30% on Friday, reaching $13.35. 11,934,993 shares of the company were exchanged. Caesars Entertainment Corporation has a 12-month low of $6.70 and a 12-month high of $13.45. The stock has a 50 day moving average of $11.76 and a 200 day moving average of $11.26. The firm’s market capitalization is $1.99 billion.

Caesars Entertainment Corporation (NASDAQ:CZR) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.21) earnings per share (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. Equities analysts anticipate that Caesars Entertainment Corporation will post $0.06 EPS for the current year.

A number of research firms have issued reports on CZR. ValuEngine downgraded shares of Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub downgraded shares of Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. 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 report on Tuesday, August 8th. SunTrust Banks, Inc. started coverage on shares of Caesars Entertainment Corporation in a report on Friday, September 15th. They set a “buy” rating and a $14.00 price target on the stock. Finally, Wolfe Research started coverage on shares of Caesars Entertainment Corporation in a report on Friday, July 21st. They set an “outperform” rating and a $16.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $14.50.

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.

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

Receive News & 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 companies with Analyst Ratings Network's FREE daily email newsletter.