Nokota Management Lp buys $23,708,989 stake in Caesars Entertainment Corp (CZR)

Caesars Entertainment Corp (CZR) : Nokota Management Lp scooped up 915,905 additional shares in Caesars Entertainment Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 3,190,981 shares of Caesars Entertainment Corp which is valued at $23,708,989.Caesars Entertainment Corp makes up approximately 1.64% of Nokota Management Lp’s portfolio.

Other Hedge Funds, Including , Highbridge Capital Management added CZR to its portfolio by purchasing 117,590 company shares during the most recent quarter which is valued at $873,694. Caesars Entertainment Corp makes up approx 0.02% of Highbridge Capital Management’s portfolio.Raymond James Associates boosted its stake in CZR in the latest quarter, The investment management firm added 10,000 additional shares and now holds a total of 31,000 shares of Caesars Entertainment Corp which is valued at $230,330.Tower Research Capital (trc) reduced its stake in CZR by selling 6,117 shares or 83.07% in the most recent quarter. The Hedge Fund company now holds 1,247 shares of CZR which is valued at $9,265. Spot Trading L.l.c sold out all of its stake in CZR during the most recent quarter. The investment firm sold 19,307 shares of CZR which is valued $140,748.

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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