Park Place Entertainment Corp (NASDAQ:CZR) Institutional Investors Quarterly Sentiment

November 14, 2017 - By Marguerite Chambers

 Park Place Entertainment Corp (NASDAQ:CZR) Institutional Investors Quarterly Sentiment

Sentiment for Park Place Entertainment Corp (NASDAQ:CZR)

Park Place Entertainment Corp (NASDAQ:CZR) institutional sentiment decreased to 1.8 in 2017 Q2. Its down -0.29, from 2.09 in 2017Q1. The ratio worsened, as 88 investment managers increased and started new positions, while 49 reduced and sold their equity positions in Park Place Entertainment Corp. The investment managers in our partner’s database now own: 112.87 million shares, up from 99.13 million shares in 2017Q1. Also, the number of investment managers holding Park Place Entertainment Corp in their top 10 positions increased from 2 to 6 for an increase of 4. Sold All: 24 Reduced: 25 Increased: 48 New Position: 40.

Caesars Entertainment Corporation is a holding company. The company has market cap of $8.73 billion. The Firm provides casino-entertainment and hospitality services. It currently has negative earnings. The Company’s divisions include Caesars Entertainment Resort Properties, LLC , Caesars Growth Partners, LLC (CGP) and Other.

It closed at $12.4 lastly. It is down 62.44% since November 14, 2016 and is uptrending. It has outperformed by 45.74% the S&P500.

Analysts expect Caesars Entertainment Corp (NASDAQ:CZR) to report $14.85 EPS on February, 13.They anticipate $18.73 EPS change or 482.73 % from last quarter’s $-3.88 EPS. CZR’s profit would be $10.45 billion giving it 0.21 P/E if the $14.85 EPS is correct. After having $-1.19 EPS previously, Caesars Entertainment Corp’s analysts see -1,347.90 % EPS growth.

Morgens Waterfall Vintiadis & Co Inc holds 5.65% of its portfolio in Caesars Entertainment Corp for 485,000 shares. Apollo Management Holdings L.P. owns 26.50 million shares or 4.67% of their US portfolio. Moreover, Lorber David A has 2.77% invested in the company for 16,999 shares. The Connecticut-based Frontfour Capital Group Llc has invested 2.7% in the stock. Stepstone Group Lp, a California-based fund reported 346,293 shares.#img1#

Caesars Entertainment Corp (NASDAQ:CZR) Ratings Coverage

Ratings analysis reveals 40% of Caesars Entertainment’s analysts are positive. Out of 5 Wall Street analysts rating Caesars Entertainment, 2 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $9 while the high is $1500. The stock’s average target of $13.20 is 6.45% above today’s ($12.4) share price. CZR was included in 7 notes of analysts from December 14, 2015. Barclays Capital maintained it with “Underweight” rating and $9 target in Monday, December 14 report. The rating was initiated by Nomura on Friday, October 6 with “Hold”. Oppenheimer initiated Caesars Entertainment Corp (NASDAQ:CZR) rating on Wednesday, May 31. Oppenheimer has “Buy” rating and $1500 target. The company was maintained on Tuesday, October 24 by SunTrust. The firm has “Buy” rating by Oppenheimer given on Tuesday, June 6.

More notable recent Caesars Entertainment Corp (NASDAQ:CZR) news were published by: Prnewswire.com which released: “Caesars Entertainment Corporation to Report 2017 Third Quarter Results on …” on October 26, 2017, also Prnewswire.com with their article: “Caesars Entertainment Announces Pricing of $265 Million Add-On to Existing …” published on October 23, 2017, Nasdaq.com published: “January 2020 Options Now Available For Caesars Entertainment (CZR)” on November 13, 2017. More interesting news about Caesars Entertainment Corp (NASDAQ:CZR) were released by: Seekingalpha.com and their article: “Caesars Entertainment (CZR) CEO Mark Frissora Q3 2017 Results – Earnings Call …” published on November 02, 2017 as well as Prnewswire.com‘s news article titled: “Caesars Entertainment Reports Strong Financial Results for the Third Quarter …” with publication date: November 01, 2017.

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