Caesars Entmt (CZR) Share Value Declined While Ngam Advisors LP Decreased Position by $1.79 Million; Cheniere Energy Ptnrs LP Hld (CQH) Stake Lifted by Blackstone Group Lp

May 13, 2018 - By Michael Leger

Caesars Entertainment Corporation (NASDAQ:CZR) Logo

Ngam Advisors Lp decreased its stake in Caesars Entmt Corp (CZR) by 55.3% based on its latest 2017Q4 regulatory filing with the SEC. Ngam Advisors Lp sold 149,547 shares as the company’s stock declined 12.35% with the market. The institutional investor held 120,863 shares of the hotels and resorts company at the end of 2017Q4, valued at $1.53 million, down from 270,410 at the end of the previous reported quarter. Ngam Advisors Lp who had been investing in Caesars Entmt Corp for a number of months, seems to be less bullish one the $8.17B market cap company. The stock decreased 1.65% or $0.2 during the last trading session, reaching $11.9. About 5.29 million shares traded. Caesars Entertainment Corporation (NASDAQ:CZR) has risen 18.92% since May 13, 2017 and is uptrending. It has outperformed by 7.37% the S&P500.

Blackstone Group Lp increased its stake in Cheniere Energy Ptnrs Lp Hld (CQH) by 7.53% based on its latest 2017Q4 regulatory filing with the SEC. Blackstone Group Lp bought 41,292 shares as the company’s stock rose 0.22% while stock markets declined. The institutional investor held 589,304 shares of the public utilities company at the end of 2017Q4, valued at $16.32 million, up from 548,012 at the end of the previous reported quarter. Blackstone Group Lp who had been investing in Cheniere Energy Ptnrs Lp Hld for a number of months, seems to be bullish on the $6.54 billion market cap company. The stock increased 0.61% or $0.17 during the last trading session, reaching $28.21. About 70,487 shares traded. Cheniere Energy Partners LP Holdings, LLC (NYSEMKT:CQH) has risen 15.11% since May 13, 2017 and is uptrending. It has outperformed by 3.56% the S&P500.

Ngam Advisors Lp, which manages about $16.78B and $9.82B US Long portfolio, upped its stake in Copart Inc (NASDAQ:CPRT) by 24,583 shares to 41,663 shares, valued at $1.80M in 2017Q4, according to the filing. It also increased its holding in Ishares (SCZ) by 29,452 shares in the quarter, for a total of 1.15M shares, and has risen its stake in Ebay Inc (NASDAQ:EBAY).

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. Oppenheimer initiated the shares of CZR in report on Wednesday, May 31 with “Buy” rating. SunTrust maintained Caesars Entertainment Corporation (NASDAQ:CZR) rating on Monday, February 5. SunTrust has “Buy” rating and $16.0 target. The firm has “Underweight” rating given on Monday, December 14 by Barclays Capital. The company was upgraded on Wednesday, March 7 by Nomura. The rating was initiated by Nomura on Friday, October 6 with “Hold”. Oppenheimer maintained the shares of CZR in report on Tuesday, June 6 with “Buy” rating. The company was maintained on Tuesday, October 24 by SunTrust.

More notable recent Caesars Entertainment Corporation (NASDAQ:CZR) news were published by: Nasdaq.com which released: “BALLY’S LAS VEGAS COMPLETES $125 MILLION RENOVATION OF 2052 ROOMS IN NEW RESORT TOWER” on May 11, 2018, also Seekingalpha.com with their article: “Caesars Entertainment 2018 Q1 – Results – Earnings Call Slides” published on May 03, 2018, Seekingalpha.com published: “Caesars’ first non-gaming resorts” on April 16, 2018. More interesting news about Caesars Entertainment Corporation (NASDAQ:CZR) were released by: Seekingalpha.com and their article: “Caesars preps for Japan marathon” published on May 11, 2018 as well as Streetinsider.com‘s news article titled: “Caesars Entertainment (CZR) VICI Properties Announce LOI for Asset Sale, Lease” with publication date: May 09, 2018.

Investors sentiment increased to 4.4 in Q4 2017. Its up 2.81, from 1.59 in 2017Q3. It is positive, 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. Principal Grp Incorporated invested 0% in Caesars Entertainment Corporation (NASDAQ:CZR). Arrowmark Colorado Holding Limited Liability Company reported 350,000 shares stake. Prns Group Hldgs Ag reported 1.55% in Caesars Entertainment Corporation (NASDAQ:CZR). Commercial Bank Of Ny Mellon Corp has 616,121 shares for 0% of their portfolio. Arrowstreet Capital Partnership has 0.03% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 1.07 million shares. 9,990 are owned by Moneta Group Incorporated Advsr Ltd Liability. Serengeti Asset Limited Partnership has invested 0.74% in Caesars Entertainment Corporation (NASDAQ:CZR). Qs Investors Limited Company invested in 242,772 shares or 0.03% of the stock. Barclays Public Limited Com owns 4.48M shares or 0.05% of their US portfolio. Voya Investment Mngmt Ltd Liability Com owns 61,742 shares. Pnc Financial Ser Group Inc owns 0% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 135 shares. Dimensional Fund Advsrs Lp holds 39,104 shares. Anchorage Ltd Com holds 0.75% in Caesars Entertainment Corporation (NASDAQ:CZR) or 2.00M shares. Whittier Company, California-based fund reported 4,062 shares. Qcm Cayman Limited holds 29,398 shares or 1.54% of its portfolio.

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

Blackstone Group Lp, which manages about $24.56 billion US Long portfolio, decreased its stake in Hilton Worldwide Hldgs Inc by 15.60 million shares to 17.39 million shares, valued at $1.39 billion in 2017Q4, according to the filing. It also reduced its holding in Social Cap Hedosophia Hldgs by 178,320 shares in the quarter, leaving it with 3.32M shares, and cut its stake in Blackstone Mtg Tr Inc (NYSE:BXMT).

Caesars Entertainment Corporation (NASDAQ:CZR) Institutional Positions Chart

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