Shapiro Capital Management LLC Has Increased Holding in Caesars Entertainment Corp. (CZR) by $785.43 Million

June 14, 2018 - By Tina Thibodeau

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. Metropolitan Life accumulated 43,393 shares. Kingdon Capital Ltd Liability Com stated it has 1.14 million shares or 1.01% of all its holdings. Barclays Public Limited Co owns 438,205 shares or 0% of their US portfolio. Fny Managed Accounts Ltd Limited Liability Company holds 0.12% of its portfolio in Caesars Entertainment Corporation (NASDAQ:CZR) for 8,564 shares. Northwestern Mutual Wealth Mgmt Co owns 200 shares. Dupont Cap Mgmt, a Delaware-based fund reported 102,314 shares. Fmr Llc accumulated 0.01% or 5.70 million shares. Cambridge Investment holds 0% of its portfolio in Caesars Entertainment Corporation (NASDAQ:CZR) for 27,457 shares. 2,669 are owned by Us Bancorp De. Artemis Invest Ltd Liability Partnership reported 0.23% stake. Guggenheim Limited Liability Co stated it has 0.01% in Caesars Entertainment Corporation (NASDAQ:CZR). Morgan Stanley holds 1.34M shares. Thematic Limited Liability reported 1.3% of its portfolio in Caesars Entertainment Corporation (NASDAQ:CZR). Vanguard Grp has 41.05 million shares for 0.02% of their portfolio. Jefferies Gru Limited Liability Company stated it has 0% of its portfolio in Caesars Entertainment Corporation (NASDAQ:CZR).

Since March 20, 2018, it had 0 buys, and 3 insider sales for $325.71 million activity. 24.92M shares were sold by TPG Group Holdings (SBS) Advisors – Inc., worth $324.76M on Thursday, May 17.

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 $201.12B, up from 17.81M 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 Knowles Corporation (NYSE:KN) by 2.53M shares to 8.01 million shares, valued at $100.87B in 2018Q1, according to the filing. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 197 shares in the quarter, leaving it with 2,481 shares, and cut its stake in Cincinnati Bell 6.75 Percent Series B (Prn).

More important recent Caesars Entertainment Corporation (NASDAQ:CZR) news were published by: Seekingalpha.com which released: “Vegas casinos face strike threat” on May 22, 2018, also Seekingalpha.com published article titled: “Analysis on the new Caesars filing”, 247Wallst.com published: “The 6 Most Shorted Nasdaq Stocks” on June 12, 2018. More interesting news about Caesars Entertainment Corporation (NASDAQ:CZR) was released by: Fool.com and their article: “Caesars Entertainment Looks Beyond Casinos For Growth” with publication date: June 09, 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. Nomura upgraded Caesars Entertainment Corporation (NASDAQ:CZR) on Wednesday, March 7 to “Buy” rating. The stock of Caesars Entertainment Corporation (NASDAQ:CZR) has “Buy” rating given on Monday, February 5 by SunTrust.

Caesars Entertainment Corporation (NASDAQ:CZR) Institutional Positions Chart

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