Soros Fund Management LLC Increased Its Caesars Entmt Corp (CZR) Stake by $378.50 Million

April 14, 2018 - By James Rodriguez

Caesars Entertainment Corporation (NASDAQ:CZR) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 4.4. That’s change of 2.81, from 2017Q3’s 1.59. 16 investors sold all, 29 reduced holdings as CZR ratio increased. 83 increased holdings while 115 funds took holdings. Funds hold 1.25 billion shares thus 802.48% more from 2017Q3’s 138.17 million shares. Bancorporation Of Mellon owns 616,121 shs for 0% of their capital. Monarch Ptnrs Asset Mngmt Ltd Com has 1.17% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 987,266 shs. Suntrust Banks Incorporated has invested 0% of its capital in Caesars Entertainment Corporation (NASDAQ:CZR). Voya Investment Mgmt Ltd Limited Liability Company has invested 0% in Caesars Entertainment Corporation (NASDAQ:CZR). Cap Glob invested in 0.08% or 20.57 million shs. Water Island Capital Ltd Liability Company owns 546,000 shs or 0.43% of their US capital. Point72 Asset Mngmt Lp owns 2.47M shs. Gator Limited Company invested 0.58% of its capital in Caesars Entertainment Corporation (NASDAQ:CZR). Ngam Advsr LP accumulated 120,863 shs or 0.02% of the stock. Deutsche Retail Bank Ag stated it has 1.85M shs. Mackenzie Financial has invested 0% in Caesars Entertainment Corporation (NASDAQ:CZR). Utd Advisers owns 10,000 shs. Penn Cap Mngmt accumulated 135,220 shs or 0.12% of the stock. Brigade Cap Mngmt Ltd Partnership reported 0.51% of its capital in Caesars Entertainment Corporation (NASDAQ:CZR). Teacher Retirement System Of Texas invested in 48,037 shs or 0% of the stock.

CZR registered $66,825 net activity with 0 buys and 1 sale since March 20, 2018.

According to 2017Q4 SEC filling the George Soros upped its stake in Caesars Entmt Corp (CZR) by 1066.9%. 31.54M shares were bought by Soros Fund Management Llc as the company’s stock declined 12.35% with the market. At the end of 2017Q4, the hedge fund run by George Soros held 34.50 million shares of the hotels and resorts company, valued at $436.41 million, up from 2.96 million at the end of the previous reported quarter. Caesars Entmt Corp has $7.53B market cap. The stock decreased 2.65% or $0.3 during the last trading session, reaching $11.Currently Caesars Entertainment Corporation is uptrending after 18.92% change in last April 14, 2017. CZR has also 7.24M shares volume. CZR outperformed by 7.37% the S&P500.

About $4.37B US Long portfolio Soros Fund Management Llc manages. It reduced its stake in Comcast Corp New (Call) (NASDAQ:CMCSA) by 275,000 shares to 225,000 shares, valued at $9.01 million in 2017Q4, according to the filing. For a total of 386,761 shares it reduced its holding in Model N Inc (NYSE:MODN) by 1.77M shares in the quarter, and has cut its stake in Take (NASDAQ:TTWO).

Caesars Entertainment Corporation (NASDAQ:CZR) Ratings Coverage

In total 3 analysts cover Caesars (NASDAQ:CZR). “Buy” rating has 2, “Sell” are 0, while 1 are “Hold”. 67% are bullish. With $16.0 highest and $14 lowest [Target] Caesars has $15 average [Target] or 36.36% above the current ($11) price. 4 are the (NASDAQ:CZR)’s analyst reports since October 24, 2017 according to StockzIntelligence Inc. On Wednesday, March 7 Nomura upgraded the shares of CZR in report to “Buy” rating. The company rating was maintained by SunTrust on Monday, February 5. In Tuesday, October 24 report SunTrust maintained the stock with “Buy” rating.

Caesars Entertainment Corporation (NASDAQ:CZR) Institutional Investors Chart

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