As Caesars Entertainment (CZR) Valuation Declined, Eagle Asset Management Has Decreased Its Holding; As Parsley Energy (PE) Market Value Declined, Syntal Capital Partners Has Decreased Its Position

April 23, 2018 - By Marie Mckinney

Caesars Entertainment Corporation (NASDAQ:CZR) Logo

Syntal Capital Partners Llc decreased its stake in Parsley Energy Inc (PE) by 46.73% based on its latest 2017Q4 regulatory filing with the SEC. Syntal Capital Partners Llc sold 165,002 shares as the company’s stock declined 8.80% with the market. The institutional investor held 188,066 shares of the energy company at the end of 2017Q4, valued at $3.48M, down from 353,068 at the end of the previous reported quarter. Syntal Capital Partners Llc who had been investing in Parsley Energy Inc for a number of months, seems to be less bullish one the $9.57 billion market cap company. The stock increased 0.03% or $0.01 during the last trading session, reaching $30.39. About 6.48M shares traded or 3.97% up from the average. Parsley Energy, Inc. (NYSE:PE) has declined 12.13% since April 23, 2017 and is downtrending. It has underperformed by 23.68% the S&P500.

Eagle Asset Management Inc decreased its stake in Caesars Entertainment Corp (CZR) by 69.15% based on its latest 2017Q4 regulatory filing with the SEC. Eagle Asset Management Inc sold 1.52 million shares as the company’s stock declined 12.35% with the market. The institutional investor held 676,252 shares of the hotels and resorts company at the end of 2017Q4, valued at $8.55M, down from 2.19M at the end of the previous reported quarter. Eagle Asset Management Inc who had been investing in Caesars Entertainment Corp for a number of months, seems to be less bullish one the $7.89B market cap company. The stock decreased 1.29% or $0.15 during the last trading session, reaching $11.5. About 4.00 million shares traded. Caesars Entertainment Corporation (NASDAQ:CZR) has risen 18.92% since April 23, 2017 and is uptrending. It has outperformed by 7.37% the S&P500.

Since February 26, 2018, it had 3 buys, and 2 selling transactions for $4.83 million activity. Shares for $51,320 were bought by Brokmeyer Ron on Wednesday, February 28. The insider Roberts Colin sold 7,500 shares worth $212,175. $259,900 worth of Parsley Energy, Inc. (NYSE:PE) was bought by ALAMEDDINE A R.

Among 37 analysts covering Parsley Energy Inc (NYSE:PE), 29 have Buy rating, 0 Sell and 8 Hold. Therefore 78% are positive. Parsley Energy Inc had 139 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, October 20 by Canaccord Genuity. As per Monday, September 18, the company rating was maintained by PiperJaffray. Williams Capital Group initiated Parsley Energy, Inc. (NYSE:PE) on Monday, August 29 with “Hold” rating. On Monday, September 21 the stock rating was maintained by Macquarie Research with “Outperform”. Northland Capital maintained the shares of PE in report on Thursday, November 9 with “Buy” rating. The stock of Parsley Energy, Inc. (NYSE:PE) has “Overweight” rating given on Tuesday, March 13 by JP Morgan. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Buy” rating by Clarkson Platou on Tuesday, March 15. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, October 5 report. Barclays Capital maintained Parsley Energy, Inc. (NYSE:PE) on Wednesday, October 11 with “Overweight” rating. The stock has “Buy” rating by Bank of America on Tuesday, January 30.

Analysts await Parsley Energy, Inc. (NYSE:PE) to report earnings on May, 3 after the close. They expect $0.21 earnings per share, up 40.00% or $0.06 from last year’s $0.15 per share. PE’s profit will be $66.15M for 36.18 P/E if the $0.21 EPS becomes a reality. After $0.30 actual earnings per share reported by Parsley Energy, Inc. for the previous quarter, Wall Street now forecasts -30.00% negative EPS growth.

Syntal Capital Partners Llc, which manages about $422.80 million and $327.20M US Long portfolio, upped its stake in Boeing Co (NYSE:BA) by 2,453 shares to 6,594 shares, valued at $1.94M in 2017Q4, according to the filing. It also increased its holding in Illinois Tool Works Inc (NYSE:ITW) by 3,207 shares in the quarter, for a total of 7,478 shares, and has risen its stake in Intercontinetal Exchange Group (NYSE:ICE).

Investors sentiment decreased to 1.01 in Q4 2017. Its down 0.12, from 1.13 in 2017Q3. It is negative, as 49 investors sold PE shares while 96 reduced holdings. 54 funds opened positions while 93 raised stakes. 251.44 million shares or 1.93% more from 246.67 million shares in 2017Q3 were reported. Proxima Ltd holds 300,000 shares. Motco reported 10,000 shares. 59,894 are held by Teacher Retirement Systems Of Texas. Advisory Services Net invested in 0% or 1,265 shares. Luminus Mngmt Limited owns 900,000 shares for 0.56% of their portfolio. Nelson Van Denburg Campbell Wealth Mgmt Grp Ltd Liability Company accumulated 4,900 shares or 0.03% of the stock. Passport Capital Ltd owns 2.69% invested in Parsley Energy, Inc. (NYSE:PE) for 26,697 shares. Third Point Ltd Liability accumulated 5.75M shares. Tiaa Cref Mngmt Ltd Co has invested 0.19% in Parsley Energy, Inc. (NYSE:PE). 3G Capital Partners Lp holds 2.51% of its portfolio in Parsley Energy, Inc. (NYSE:PE) for 1.50 million shares. Bahamas-based Key Grp (Cayman) Ltd has invested 7.08% in Parsley Energy, Inc. (NYSE:PE). Viking Invsts Lp holds 18.14M shares. Gulf Financial Bank (Uk) Limited owns 67,142 shares. Massachusetts-based State Street has invested 0.01% in Parsley Energy, Inc. (NYSE:PE). Metropolitan Life New York holds 0.01% in Parsley Energy, Inc. (NYSE:PE) or 13,840 shares.

Investors sentiment increased to 4.4 in Q4 2017. Its up 2.81, from 1.59 in 2017Q3. It improved, as 16 investors sold CZR shares while 29 reduced holdings. 115 funds opened positions while 83 raised stakes. 1.25 billion shares or 802.48% more from 138.17 million shares in 2017Q3 were reported. Wellington Group Inc Llp, Massachusetts-based fund reported 455,288 shares. Cap Rech Investors has 0.08% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 20.57M shares. State Street reported 0% of its portfolio in Caesars Entertainment Corporation (NASDAQ:CZR). Raymond James & Assocs has invested 0% in Caesars Entertainment Corporation (NASDAQ:CZR). Ahl Llp reported 0.01% in Caesars Entertainment Corporation (NASDAQ:CZR). Arrowstreet Capital Limited Partnership reported 0.03% of its portfolio in Caesars Entertainment Corporation (NASDAQ:CZR). Ancora Ltd Liability Com stated it has 0.77% of its portfolio in Caesars Entertainment Corporation (NASDAQ:CZR). Penn Cap invested in 0.12% or 135,220 shares. Of Vermont owns 2,674 shares or 0% of their US portfolio. The Florida-based Gator Capital Mgmt Ltd Liability has invested 0.58% in Caesars Entertainment Corporation (NASDAQ:CZR). 1.91M were reported by Hamilton Lane. Zurcher Kantonalbank (Zurich Cantonalbank) owns 9,608 shares or 0% of their US portfolio. Graham Cap Lp holds 0.59% or 1.78M shares in its portfolio. Spark Invest Management Lc accumulated 492,700 shares or 0.33% of the stock. Point72 Asia (Hong Kong) Limited invested in 1,438 shares.

Eagle Asset Management Inc, which manages about $25.60 billion and $18.19B US Long portfolio, upped its stake in Aerojet Rocketdyne Holdings by 399,958 shares to 464,294 shares, valued at $14.49 million in 2017Q4, according to the filing. It also increased its holding in Lendingtree Inc (NASDAQ:TREE) by 126,684 shares in the quarter, for a total of 143,850 shares, and has risen its stake in Centene Corp (NYSE:CNC).

Among 6 analysts covering Caesars Entertainment (NASDAQ:CZR), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Caesars Entertainment had 10 analyst reports since December 14, 2015 according to SRatingsIntel. The stock has “Underweight” rating by Barclays Capital on Monday, December 14. The firm has “Buy” rating by Oppenheimer given on Wednesday, May 31. On Wednesday, March 7 the stock rating was upgraded by Nomura to “Buy”. The company was maintained on Tuesday, June 6 by Oppenheimer. As per Friday, October 6, the company rating was initiated by Nomura. SunTrust maintained Caesars Entertainment Corporation (NASDAQ:CZR) rating on Monday, February 5. SunTrust has “Buy” rating and $16.0 target. The firm earned “Buy” rating on Tuesday, October 24 by SunTrust.

Since March 20, 2018, it had 0 insider buys, and 1 insider sale for $66,825 activity.

Analysts await Caesars Entertainment Corporation (NASDAQ:CZR) to report earnings on May, 1. They expect $-0.01 earnings per share, up 99.73% or $3.70 from last year’s $-3.71 per share. After $0.14 actual earnings per share reported by Caesars Entertainment Corporation for the previous quarter, Wall Street now forecasts -107.14% negative EPS growth.

Caesars Entertainment Corporation (NASDAQ:CZR) Institutional Positions Chart

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