Cooper Creek Partners Management LLC Sells 2,306,885 Shares of Caesars Entertainment, Inc. $CZR

Cooper Creek Partners Management LLC trimmed its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 72.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 863,331 shares of the company’s stock after selling 2,306,885 shares during the quarter. Cooper Creek Partners Management LLC’s holdings in Caesars Entertainment were worth $22,818,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ruffer LLP purchased a new position in Caesars Entertainment in the fourth quarter valued at approximately $2,820,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in Caesars Entertainment by 246,899,900.0% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,938,000 shares of the company’s stock worth $115,500,000 after buying an additional 4,937,998 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in Caesars Entertainment in the fourth quarter worth $65,492,000. 1492 Capital Management LLC bought a new stake in shares of Caesars Entertainment in the first quarter valued at $1,020,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Caesars Entertainment in the first quarter valued at $2,392,000. 91.79% of the stock is owned by institutional investors.

Insider Activity at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram sold 16,897 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $29.46, for a total value of $497,785.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Edmund L. Quatmann, Jr. sold 81,566 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $29.35, for a total transaction of $2,393,962.10. Following the completion of the transaction, the insider directly owned 18,263 shares of the company’s stock, valued at approximately $536,019.05. The trade was a 81.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 293,463 shares of company stock worth $8,609,241 over the last quarter. Corporate insiders own 1.18% of the company’s stock.

Caesars Entertainment Trading Up 0.1%

Shares of CZR opened at $29.94 on Friday. The business’s 50-day moving average price is $29.43 and its 200-day moving average price is $26.47. Caesars Entertainment, Inc. has a twelve month low of $17.86 and a twelve month high of $30.88. The stock has a market cap of $6.10 billion, a PE ratio of -12.63 and a beta of 1.76. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.25.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, April 28th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter last year, the business posted ($0.54) earnings per share. Caesars Entertainment’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that Caesars Entertainment, Inc. will post -0.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CZR has been the topic of a number of recent research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $31.00 price target (down from $35.00) on shares of Caesars Entertainment in a research report on Friday, May 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Caesars Entertainment in a research note on Monday, May 18th. Wall Street Zen raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $31.00 target price (down from $35.00) on shares of Caesars Entertainment in a research report on Monday, June 1st. Finally, Barclays reiterated an “equal weight” rating and issued a $31.00 target price (down from $35.00) on shares of Caesars Entertainment in a research note on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $31.00.

About Caesars Entertainment

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.