Caesars Entmt Corp (CZR) Shares Declined While Beach Point Capital Management LP Increased by $8.14 Million Its Stake

June 27, 2018 - By Joshua Cleveland

Caesars Entertainment Corporation (NASDAQ:CZR) Corporate LogoBig Money Sentiment decreased to 1.01 in 2018 Q1. It has change of 3.39, from 2017Q4’s 4.4. The ratio dropped due to CZR positioning: 49 sold and 73 reduced. 52 funds bought stakes and 71 increased stakes. Investors holded 1.25 billion in 2017Q4 but now own 650.61 million shares or 47.83% less. Reilly Financial Advisors Lc has invested 0% of its capital in Caesars Entertainment Corporation (NASDAQ:CZR). Northern holds 0% or 1.51 million shs. Veritable LP accumulated 12,300 shs. Amalgamated Savings Bank stated it has 0.01% in Caesars Entertainment Corporation (NASDAQ:CZR). Wealthtrust invested in 100 shs or 0% of the stock. Silver Point Cap LP reported 17.82% stake. Royal Commercial Bank Of Canada owns 542,040 shs. Gator Cap Management Ltd Company owns 47,500 shs for 0.52% of their capital. Credit Suisse Ag has invested 0% in Caesars Entertainment Corporation (NASDAQ:CZR). Burney Company has 0.01% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 19,524 shs. Grp Inc accumulated 87,298 shs. Valinor Mgmt Limited Partnership has 17.60M shs for 6.01% of their capital. Tiaa Cref Inv Management Ltd Liability Corporation invested 0.01% in Caesars Entertainment Corporation (NASDAQ:CZR). Signaturefd Lc invested 0% of its capital in Caesars Entertainment Corporation (NASDAQ:CZR). Stone Ridge Asset Management Ltd Limited Liability Company stated it has 71,758 shs.

CZR had 3 selling transactions and 0 insider purchases since March 20, 2018. This’s net activity of $325.71 million. $324.76 million worth of Caesars Entertainment Corporation (NASDAQ:CZR) was sold by TPG Group Holdings (SBS) Advisors – Inc. on Thursday, May 17.

In Caesars Entmt Corp (CZR) was increased the stake held by Carl Goldsmith. The reduction is 41.5% according to 2018Q1 SEC form. The company’s stock sank 5.30% while Beach Point Capital Management Lp bought 739,548 shares. At the end of 2018Q1, the 2.52M shares of the hotels and resorts company held by the hedge fund run by Carl Goldsmith were valued at $28.37M, up from 1.78 million at the end of the previous reported quarter. Caesars Entmt Corp has $7.48B MC. The stock increased 0.93% or $0.1 during the last trading session, hitting $10.9.Caesars Entertainment Corporation has volume of 11.09M shares. Since June 27, 2017 CZR has risen 11.61% and is uptrending. The stock underperformed the S&P 500 by 0.96%.

Beach Point Capital Management Lp has cut its stake in Aar Corp (NYSE:AIR) and also reduced its holding in Stealthgas Inc (NASDAQ:GASS) by 923,029 shares in the quarter, for a total of 273,851 shares.

A couple more Caesars Entertainment Corporation (NASDAQ:CZR) news were published by: Fool.com which released on June 09, 2018 “Caesars Entertainment Looks Beyond Casinos For Growth”, also Benzinga.com on June 18, 2018 published “Analyst: Penn National, Caesars Entertainment Could Benefit Most From Sports Betting”, the next Seekingalpha.com is “US Regionals: Our Quick Picks For The Best Of Breed Now” on June 26, 2018. Seekingalpha.com has article titled “Analysis on the new Caesars filing”.

Caesars Entertainment Corporation (NASDAQ:CZR) Ratings Coverage

In total 5 analysts cover Caesars Entertainment (NASDAQ:CZR). “Buy” rating has 4, “Sell” are 0, while 1 are “Hold”. 80% are bullish. With $16.0 highest and $14 lowest target Caesars Entertainment has $15.33 average target or 40.64% above the current ($10.9) price. 5 are the (NASDAQ:CZR)’s analyst reports since January 19, 2018 according to StockzIntelligence Inc. On Monday, February 5 the stock has “Buy” rating by SunTrust. On Wednesday, March 7 the stock of Caesars Entertainment Corporation (NASDAQ:CZR) earned “Buy” rating by Nomura. On Tuesday, June 19 the firm earned “Buy” rating by Oppenheimer.

Caesars Entertainment Corporation (NASDAQ:CZR) Institutional Investors Chart

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