As Caesars Entmt Corp (CZR) Share Value Declined, Canyon Capital Advisors LLC Has Increased Stake by $146.97 Million

August 9, 2018 - By Vernon Prom

Caesars Entertainment Corporation (NASDAQ:CZR) LogoInvestors sentiment decreased to 1.01 in Q1 2018. Its down 3.39, from 4.4 in 2017Q4. It worsened, 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. Suntrust Banks has 0% invested in Caesars Entertainment Corporation (NASDAQ:CZR). Macquarie Group Inc Limited holds 0.01% or 414,161 shares. Westchester Cap Llc owns 106,543 shares for 0.05% of their portfolio. 13,294 were accumulated by Bluecrest Capital Management. Van Eck Associates accumulated 186,986 shares or 0.01% of the stock. Utd Fincl Advisers Ltd Liability Co stated it has 10,003 shares or 0% of all its holdings. Balyasny Asset Management holds 2.15 million shares. Prudential Public Limited Company holds 0% or 45,472 shares. Wells Fargo And Mn reported 0% of its portfolio in Caesars Entertainment Corporation (NASDAQ:CZR). Md Sass Invsts Service holds 3.23M shares. Swiss Bankshares reported 245,360 shares or 0% of all its holdings. Oppenheimer Asset Inc holds 12,633 shares. Schwab Charles Inv Mngmt invested in 0.01% or 891,854 shares. Burney, Virginia-based fund reported 19,524 shares. Jane Street Grp Lc has invested 0.01% of its portfolio in Caesars Entertainment Corporation (NASDAQ:CZR).

Since March 20, 2018, it had 0 insider buys, and 3 insider sales for $325.71 million activity. $324.76 million worth of Caesars Entertainment Corporation (NASDAQ:CZR) was sold by TPG Group Holdings (SBS) Advisors – Inc. on Thursday, May 17.

Canyon Capital Advisors Llc increased its stake in Caesars Entmt Corp (CZR) by 31.39% based on its latest 2018Q1 regulatory filing with the SEC. Canyon Capital Advisors Llc bought 13.36 million shares as the company’s stock declined 5.30% with the market. The hedge fund held 55.93 million shares of the hotels and resorts company at the end of 2018Q1, valued at $629.23 million, up from 42.57 million at the end of the previous reported quarter. Canyon Capital Advisors Llc who had been investing in Caesars Entmt Corp for a number of months, seems to be bullish on the $6.79 billion market cap company. The stock increased 2.04% or $0.2 during the last trading session, reaching $10. About 7.16 million shares traded. Caesars Entertainment Corporation (NASDAQ:CZR) has risen 11.61% since August 9, 2017 and is uptrending. It has underperformed by 0.96% the S&P500.

Canyon Capital Advisors Llc, which manages about $20.20B and $9.51 billion US Long portfolio, decreased its stake in Ocean Rig Udw Inc by 324,465 shares to 6.39 million shares, valued at $161.33M in 2018Q1, according to the filing.

More notable recent Caesars Entertainment Corporation (NASDAQ:CZR) news were published by: Benzinga.com which released: “Bank Of America Appreciates Caesars Entertainment’s ‘Dramatically Restructured’ Balance Sheet” on July 23, 2018, also Seekingalpha.com with their article: “Wolfe Research sees Caesars as oversold” published on August 06, 2018, Seekingalpha.com published: “Caesars Entertainment pushes ahead on sports betting” on July 30, 2018. More interesting news about Caesars Entertainment Corporation (NASDAQ:CZR) were released by: Nasdaq.com and their article: “Is Caesars Entertainment Stock Worth a Look on This Dip?” published on August 02, 2018 as well as Seekingalpha.com‘s news article titled: “Pennsylvania casinos petition for iGaming approval” with publication date: July 17, 2018.

Caesars Entertainment Corporation (NASDAQ:CZR) Ratings Coverage

Among 4 analysts covering Caesars (NASDAQ:CZR), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Caesars had 5 analyst reports since March 7, 2018 according to SRatingsIntel. The company was maintained on Thursday, August 2 by Bank of America. On Wednesday, March 7 the stock rating was upgraded by Nomura to “Buy”. The rating was maintained by Oppenheimer with “Buy” on Tuesday, June 19.

Caesars Entertainment Corporation (NASDAQ:CZR) Institutional Positions Chart

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