Oppenheimer & Co. Inc. Acquires New Holdings in Caesars Entertainment Corporation (CZR)

Oppenheimer & Co. Inc. acquired a new position in Caesars Entertainment Corporation (NASDAQ:CZR) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 21,250 shares of the company’s stock, valued at approximately $284,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Davidson Kempner Capital Management LP purchased a new stake in Caesars Entertainment during the 2nd quarter worth approximately $5,378,000. Hosking Partners LLP purchased a new stake in Caesars Entertainment during the 2nd quarter worth approximately $4,409,000. Monarch Partners Asset Management LLC purchased a new stake in Caesars Entertainment during the 2nd quarter worth approximately $7,628,000. Eagle Asset Management Inc. purchased a new stake in Caesars Entertainment during the 2nd quarter worth approximately $18,119,000. Finally, DSAM Partners London Ltd increased its holdings in Caesars Entertainment by 56.8% during the 3rd quarter. DSAM Partners London Ltd now owns 1,317,879 shares of the company’s stock worth $17,594,000 after purchasing an additional 477,646 shares during the last quarter. Institutional investors own 20.47% of the company’s stock.

Shares of Caesars Entertainment Corporation (NASDAQ:CZR) opened at $13.25 on Monday. Caesars Entertainment Corporation has a 52 week low of $7.05 and a 52 week high of $13.60. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of -1.69.

Several equities research analysts have issued reports on CZR shares. BidaskClub downgraded Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Zacks Investment Research lowered Caesars Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. ValuEngine lowered Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Nomura started coverage on Caesars Entertainment in a research report on Friday, October 6th. They issued a “neutral” rating and a $14.00 target price for the company. Finally, Instinet initiated coverage on Caesars Entertainment in a research report on Friday, October 6th. They issued a “neutral” rating and a $14.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $14.39.

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About Caesars Entertainment

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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Institutional Ownership by Quarter for Caesars Entertainment (NASDAQ:CZR)

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