Reaffirmed: Caesars Entertainment (NASDAQ:CZR) Underweight Rating Reconfirmed by Barclays; $9.0 Target in Place

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Caesars Entertainment (NASDAQ:CZR) Rating Reaffirmed

The firm has just set a Estimated Target Price of $9.0 on Caesars Entertainment (NASDAQ:CZR) shares. This is 14.80% from the previous stock close. In a recent report issued on Monday, 14 December, Barclays has restated their Underweight rating on shares of CZR.

The stock decreased 3.57% or $0.28 during the last trading session, striking $7.56. Approximately 816,405 shares of stock traded hands or 12.39% up from the average. Caesars Entertainment Corp (NASDAQ:CZR) has declined 23.21% since May 11, 2015 and is downtrending. It has underperformed by 18.80% the S&P500.

The overall sentiment of institutions has decreased to 1.19 in Q2 2015. Its down 0.30, from 1.49 in 2015Q2. The ratio fall, as 22 institutions have sold all the shares of Caesars Entertainment Corp that they owned while 30 funds have taken shares off the table. 26 funds have purchased shares for the first time while 36 added to their positions. These institutions now hold 93.94 million shares or 3.15% more than the 91.07 million shares they owned in 2015Q2.

The Fund King Street Capital Management L.P. currently is holding shares equating to 10.75% of its total portfolio in Caesars Entertainment Corp representing a total of 1.85 million shares. Another fund,Stepstone Group Lp, is holding a total of 1.67 million shares equating to 4.79% of their holdings. Additionally, Starwood Capital Group Management L.L.C. has a 2.42 million share stake in Caesars Entertainment Corp which represents 3.95% of their total portfolio. The Fund, Apollo Management Holdings L.P., based out of New York, has also built up a stake in the stock, which represents a total of 3.83% of their total portfolio. Finally Mason Capital Management Llc, a fund which is based in the state of New York reported a total holdings of 7.20 million shares.

Caesars Entertainment Corporation is a holding and casino-entertainment and hospitality services company. The company has a market cap of $1.16 billion. The Company’s facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options. It has 0.22 P/E ratio. The Company’s business include Caesars Entertainment Resort Properties; Caesars Growth Partners Casino Properties and Developments; Caesars Interactive Entertainment and Caesars Entertainment Operating Company.

According to Zacks Investment Research, “Caesars Entertainment Corporation is a gaming company engaged in providing casino entertainment services. The Company operates casino resorts on multiple continents and its casino entertainment facilities include land-based casinos, riverboat or dockside casinos, managed casinos, combination greyhound racetrack and casino, combination thoroughbred racetrack and casino, and harness racetrack and casino, hotel and convention space, restaurants, and non-gaming entertainment facilities. Its resorts operate primarily under the Harrah’s(TM), Caesars(TM) and Horseshoe(TM) brand names. Caesars Entertainment Corporation is based in Las Vegas, Nevada.”

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