Pacific Grove Capital LP raised its holdings in Caesars Entertainment Corp (NASDAQ:CZR) by 82.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 288,536 shares of the company’s stock after buying an additional 130,136 shares during the period. Caesars Entertainment comprises approximately 1.7% of Pacific Grove Capital LP’s investment portfolio, making the stock its 21st biggest holding. Pacific Grove Capital LP’s holdings in Caesars Entertainment were worth $3,650,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Frontier Investment Mgmt Co. bought a new position in shares of Caesars Entertainment during the fourth quarter worth approximately $3,218,000. Quadrature Capital Ltd increased its stake in shares of Caesars Entertainment by 785.0% during the fourth quarter. Quadrature Capital Ltd now owns 270,068 shares of the company’s stock worth $3,416,000 after purchasing an additional 239,553 shares during the period. 1060 Capital LLC bought a new position in shares of Caesars Entertainment during the third quarter worth approximately $12,015,000. Cowen Inc. bought a new position in shares of Caesars Entertainment during the third quarter worth approximately $334,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Caesars Entertainment during the third quarter worth approximately $284,000. Institutional investors own 94.66% of the company’s stock.
CZR has been the topic of a number of recent research reports. BidaskClub lowered Caesars Entertainment from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Nomura upgraded Caesars Entertainment from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 7th. ValuEngine lowered Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. TheStreet upgraded Caesars Entertainment from a “d” rating to a “c” rating in a research note on Thursday, March 8th. Finally, SunTrust Banks reiterated an “average” rating and set a $16.00 target price on shares of Caesars Entertainment in a research note on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $14.65.
Shares of Caesars Entertainment Corp (NASDAQ CZR) opened at $12.75 on Friday. Caesars Entertainment Corp has a 12-month low of $9.00 and a 12-month high of $14.50. The company has a debt-to-equity ratio of 5.55, a current ratio of 1.83 and a quick ratio of 1.81.
Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Wednesday, March 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $2 billion. analysts anticipate that Caesars Entertainment Corp will post 0.59 earnings per share for the current year.
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Caesars Entertainment 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 resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.
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