Solus Alternative Asset Management Lp Exits Position in Caesars Entertainment Corp (CZR)

Caesars Entertainment Corp (CZR) : Solus Alternative Asset Management Lp has sold out all of its stake in Caesars Entertainment Corp during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 456,725 shares of Caesars Entertainment Corp which is valued at $3,393,467.

Other Hedge Funds, Including , Grt Capital Partners L.l.c. added CZR to its portfolio by purchasing 17,285 company shares during the most recent quarter which is valued at $128,428. Caesars Entertainment Corp makes up approx 0.03% of Grt Capital Partners L.l.c.’s portfolio.Spark Investment Management reduced its stake in CZR by selling 268,500 shares or 74.36% in the most recent quarter. The Hedge Fund company now holds 92,600 shares of CZR which is valued at $688,018. Caesars Entertainment Corp makes up approx 0.06% of Spark Investment Management’s portfolio.Blackrock Advisors boosted its stake in CZR in the latest quarter, The investment management firm added 1,928 additional shares and now holds a total of 25,452 shares of Caesars Entertainment Corp which is valued at $189,108.First Quadrant L Pca reduced its stake in CZR by selling 12,600 shares or 82.35% in the most recent quarter. The Hedge Fund company now holds 2,700 shares of CZR which is valued at $18,819.

Caesars Entertainment Corp closed down -0.09 points or -1.42% at $6.23 with 8,41,020 shares getting traded on Thursday. Post opening the session at $6.28, the shares hit an intraday low of $6.18 and an intraday high of $6.45 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Caesars Entertainment Corp reported $-14.25 EPS for the quarter, missing the analyst consensus estimate by $ -13.90 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.35. The company had revenue of $1230.00 million for the quarter, compared to analysts expectations of $2436.59 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 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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