Caesars Entertainment Corporation (NASDAQ:CZR) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Caesars Entertainment Corporation (NASDAQ:CZR) by 488.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 357,247 shares of the company’s stock after acquiring an additional 296,510 shares during the quarter. JPMorgan Chase & Co. owned 0.24% of Caesars Entertainment Corporation worth $4,287,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CZR. Wells Fargo & Company MN lifted its stake 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 valued at $418,000 after buying an additional 1,273 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Caesars Entertainment Corporation by 128.5% during the first quarter. First Trust Advisors LP now owns 132,959 shares of the company’s stock valued at $1,270,000 after purchasing an additional 74,779 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Caesars Entertainment Corporation by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 251,600 shares of the company’s stock valued at $2,402,000 after purchasing an additional 7,589 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Caesars Entertainment Corporation by 8.7% during the first quarter. UBS Asset Management Americas Inc. now owns 47,571 shares of the company’s stock valued at $454,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of Caesars Entertainment Corporation during the first quarter valued at about $177,000. 76.68% of the stock is owned by institutional investors and hedge funds.

Several brokerages have commented on CZR. Zacks Investment Research cut Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. ValuEngine cut Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. BidaskClub upgraded Caesars Entertainment Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Imperial Capital began coverage on Caesars Entertainment Corporation in a report on Wednesday, July 19th. They set an “outperform” rating and a $15.50 price target for the company. Finally, Nomura began coverage on Caesars Entertainment Corporation in a report on Friday, October 6th. They set a “neutral” rating and a $14.00 price target for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $14.39.

Shares of Caesars Entertainment Corporation (NASDAQ:CZR) opened at 11.85 on Tuesday. The company’s market capitalization is $1.77 billion. Caesars Entertainment Corporation has a 52-week low of $6.70 and a 52-week high of $13.60. The stock’s 50 day moving average price is $12.25 and its 200-day moving average price is $11.69.

Caesars Entertainment Corporation (NASDAQ:CZR) last posted its 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 company had revenue of $1 billion during the quarter, compared to the consensus estimate of $2.11 billion. On average, analysts expect that Caesars Entertainment Corporation will post $0.06 earnings per share for the current year.

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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)

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