Oregon Public Employees Retirement Fund acquired a new stake in Caesars Entertainment Co. (NASDAQ:CZR) during the 1st quarter, HoldingsChannel reports. The fund acquired 232,723 shares of the company’s stock, valued at approximately $2,022,000.
Several other institutional investors and hedge funds also recently modified their holdings of CZR. Canyon Capital Advisors LLC increased its position in Caesars Entertainment by 3.1% during the fourth quarter. Canyon Capital Advisors LLC now owns 69,971,232 shares of the company’s stock worth $475,105,000 after acquiring an additional 2,096,859 shares during the period. Vanguard Group Inc increased its position in Caesars Entertainment by 16.3% during the third quarter. Vanguard Group Inc now owns 52,126,701 shares of the company’s stock worth $534,298,000 after acquiring an additional 7,294,525 shares during the period. Shapiro Capital Management LLC increased its position in Caesars Entertainment by 5.2% during the fourth quarter. Shapiro Capital Management LLC now owns 25,251,911 shares of the company’s stock worth $171,460,000 after acquiring an additional 1,243,049 shares during the period. Oaktree Capital Management LP bought a new position in Caesars Entertainment during the fourth quarter worth about $67,900,000. Finally, Geode Capital Management LLC increased its position in Caesars Entertainment by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 5,677,102 shares of the company’s stock worth $38,547,000 after acquiring an additional 188,947 shares during the period.
In other Caesars Entertainment news, VP Les Ottolenghi sold 17,240 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $8.74, for a total value of $150,677.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last three months, insiders sold 97,460 shares of company stock worth $840,337. Insiders own 0.51% of the company’s stock.
Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Wednesday, May 1st. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.13). Caesars Entertainment had a net margin of 1.41% and a negative return on equity of 9.84%. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the business earned ($0.05) earnings per share. Caesars Entertainment’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts forecast that Caesars Entertainment Co. will post -0.39 earnings per share for the current fiscal year.
A number of equities analysts recently commented on CZR shares. Deutsche Bank reaffirmed a “buy” rating and set a $11.00 price target on shares of Caesars Entertainment in a research report on Monday, February 25th. Zacks Investment Research raised shares of Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 24th. BidaskClub raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. ValuEngine raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Finally, UBS Group raised their price target on shares of Caesars Entertainment from $7.00 to $9.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $11.50.
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Caesars Entertainment Company Profile
Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.
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