Shapiro Capital Management LLC Position in Caesars Entertainment Corp. (CZR) Has Raised as Share Price Declined

June 14, 2018 - By Ash

Caesars Entertainment Corporation (NASDAQ:CZR) LogoInvestors sentiment decreased to 1.01 in 2018 Q1. Its down 3.39, from 4.4 in 2017Q4. It dived, as 49 investors sold CZR shares while 73 reduced holdings. 52 funds opened positions while 71 raised stakes. 650.61 million shares or 47.83% less from 1.25 billion shares in 2017Q4 were reported. Kingdon Management Limited Company owns 1.01% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 1.14 million shares. Contrarian Capital Mgmt Lc invested in 3.39M shares or 3.6% of the stock. Virtu Financial Limited Liability Com stated it has 0.02% in Caesars Entertainment Corporation (NASDAQ:CZR). Natixis Advisors Limited Partnership accumulated 0.03% or 280,805 shares. 2.12M are owned by Selz Ltd Company. Millennium Mgmt Ltd Liability Corporation invested in 412,078 shares or 0.01% of the stock. Deutsche National Bank & Trust Ag stated it has 0.01% in Caesars Entertainment Corporation (NASDAQ:CZR). Geode Ltd Liability reported 0% of its portfolio in Caesars Entertainment Corporation (NASDAQ:CZR). Burney Com holds 19,524 shares. Polar Asset Mgmt Ptnrs holds 0.3% in Caesars Entertainment Corporation (NASDAQ:CZR) or 1.60M shares. Price T Rowe Assoc Md owns 0.07% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 41.11 million shares. Anchorage Gru Lc, a New York-based fund reported 1.98M shares. Alliancebernstein Ltd Partnership holds 278,209 shares or 0% of its portfolio. Texas-based Services Automobile Association has invested 0% in Caesars Entertainment Corporation (NASDAQ:CZR). Clearline Cap Limited Partnership invested 4.96% of its portfolio in Caesars Entertainment Corporation (NASDAQ:CZR).

Since March 20, 2018, it had 0 buys, and 3 sales for $325.71 million activity. TPG Group Holdings (SBS) Advisors – Inc. had sold 24.92M shares worth $324.76M.

Shapiro Capital Management Llc increased its stake in Caesars Entertainment Corp. (CZR) by 0.39% based on its latest 2018Q1 regulatory filing with the SEC. Shapiro Capital Management Llc bought 69,816 shares as the company’s stock declined 5.30% with the market. The institutional investor held 17.88M shares of the hotels and resorts company at the end of 2018Q1, valued at $201.12 billion, up from 17.81 million at the end of the previous reported quarter. Shapiro Capital Management Llc who had been investing in Caesars Entertainment Corp. for a number of months, seems to be bullish on the $7.96 billion market cap company. It closed at $11.6 lastly. It is down 11.61% since June 14, 2017 and is uptrending. It has underperformed by 0.96% the S&P500.

Shapiro Capital Management Llc, which manages about $4.00B and $4271.55B US Long portfolio, decreased its stake in Live Nation Entertainment Inc. (NYSE:LYV) by 20,643 shares to 2.32 million shares, valued at $97.73B in 2018Q1, according to the filing. It also reduced its holding in Time Warner Inc. New (NYSE:TWX) by 9,998 shares in the quarter, leaving it with 3,405 shares, and cut its stake in Spdr Trust Series 1 (SPY).

More important recent Caesars Entertainment Corporation (NASDAQ:CZR) news were published by: Seekingalpha.com which released: “Analysis on the new Caesars filing” on June 05, 2018, also Seekingalpha.com published article titled: “Vegas casinos face strike threat”, Fool.com published: “Caesars Entertainment Looks Beyond Casinos For Growth” on June 09, 2018. More interesting news about Caesars Entertainment Corporation (NASDAQ:CZR) was released by: 247Wallst.com and their article: “The 6 Most Shorted Nasdaq Stocks” with publication date: June 12, 2018.

Caesars Entertainment Corporation (NASDAQ:CZR) Ratings Coverage

Among 4 analysts covering Caesars Entertainment (NASDAQ:CZR), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Caesars Entertainment had 4 analyst reports since January 19, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, March 7 by Nomura. SunTrust maintained Caesars Entertainment Corporation (NASDAQ:CZR) on Monday, February 5 with “Buy” rating.

Caesars Entertainment Corporation (NASDAQ:CZR) Institutional Positions Chart

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