AQR Capital Management LLC cut its position in Caesars Entertainment Corp (NASDAQ:CZR) by 66.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,848 shares of the company’s stock after selling 108,729 shares during the period. AQR Capital Management LLC’s holdings in Caesars Entertainment Corp were worth $475,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the company. Paulson & CO. Inc. acquired a new position in shares of Caesars Entertainment Corp during the fourth quarter worth $122,552,000. Mason Capital Management LLC acquired a new position in shares of Caesars Entertainment Corp during the third quarter worth $53,607,000. Long Pond Capital LP acquired a new position in shares of Caesars Entertainment Corp during the third quarter worth $12,995,000. State Street Corp raised its position in shares of Caesars Entertainment Corp by 7.3% in the fourth quarter. State Street Corp now owns 1,186,329 shares of the company’s stock worth $10,083,000 after buying an additional 80,663 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Caesars Entertainment Corp by 16.9% in the fourth quarter. Two Sigma Investments LP now owns 889,827 shares of the company’s stock worth $7,564,000 after buying an additional 128,701 shares in the last quarter. Institutional investors and hedge funds own 65.00% of the company’s stock.
Caesars Entertainment Corp (NASDAQ:CZR) opened at 9.60 on Friday. Caesars Entertainment Corp has a 52 week low of $5.39 and a 52 week high of $10.84. The firm has a 50-day moving average price of $9.49 and a 200-day moving average price of $8.43. The company’s market capitalization is $1.41 billion.
Caesars Entertainment Corp (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, February 14th. The company reported ($3.88) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by $3.51. Caesars Entertainment Corp had a negative return on equity of 818.18% and a negative net margin of 68.93%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.39 billion. Analysts anticipate that Caesars Entertainment Corp will post ($16.90) EPS for the current fiscal year.
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Separately, Macquarie upgraded Caesars Entertainment Corp from a “neutral” rating to an “outperform” rating in a research note on Thursday.
About Caesars Entertainment Corp
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 facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options.
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