Nokota Management Lp buys $22,945,315 stake in Caesars Entertainment Corp (CZR)

Caesars Entertainment Corp (CZR) : Nokota Management Lp scooped up 18,154 additional shares in Caesars Entertainment Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 3,209,135 shares of Caesars Entertainment Corp which is valued at $22,945,315.Caesars Entertainment Corp makes up approximately 2.02% of Nokota Management Lp’s portfolio.

Other Hedge Funds, Including , Glenmede Trust Co Na sold out all of its stake in CZR during the most recent quarter. The investment firm sold 206 shares of CZR which is valued $1,473. Gargoyle Investment Advisor L.l.c. sold out all of its stake in CZR during the most recent quarter. The investment firm sold 59,052 shares of CZR which is valued $422,222.Blackrock Institutional Trust Company N.a. boosted its stake in CZR in the latest quarter, The investment management firm added 99,132 additional shares and now holds a total of 1,275,421 shares of Caesars Entertainment Corp which is valued at $8,800,405. Neuberger Berman Group added CZR to its portfolio by purchasing 21,175 company shares during the most recent quarter which is valued at $149,284.Nationwide Fund Advisors reduced its stake in CZR by selling 23,200 shares or 39.06% in the most recent quarter. The Hedge Fund company now holds 36,196 shares of CZR which is valued at $269,660.

Caesars Entertainment Corp opened for trading at $6.95 and hit $7.15 on the upside on Monday, eventually ending the session at $7.1, with a gain of 2.90% or 0.2 points. The heightened volatility saw the trading volume jump to 4,85,706 shares. Company has a market cap of $1,043 M.

On the company’s financial health, Caesars Entertainment Corp reported $-4.38 EPS for the quarter, missing the analyst consensus estimate by $ -4.30 based on the information available during the earnings call on Nov 7, 2016. Analyst had a consensus of $-0.08. The company had revenue of $986.00 million for the quarter, compared to analysts expectations of $2493.14 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-5.44 EPS.

Caesars Entertainment Corporation (Caesars) is a holding and casino-entertainment and hospitality services company. The Company’s facilities include gaming offerings food and beverage outlets hotel and convention space and non-gaming entertainment options. Its business operations include Caesars Entertainment Resort Properties; Caesars Growth Partners Casino Properties and Developments; Caesars Interactive Entertainment and Caesars Entertainment Operating Company. In addition to brick and mortar assets it operates an online gaming business that provides social and mobile offerings. Its subsidiaries include Caesars Entertainment Resort Properties LLC Caesars Growth Partners LLC Caesars Entertainment Operating Company Inc. and Caesars Enterprise Services LLC. It operates under the Harrah’s Caesars and Horseshoe brand names. Through its consolidated entities it owned and operated or managed over 49 casinos in approximately 14 states of the United States and over five countries.

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