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Anchor Capital Advisors Decreased Its Position in Broadridge Finl Solutions In (BR) as Share Price Declined; Caesars Entmt (CZR) Holding Has Boosted by Contrarian Capital Management Llc

Caesars Entertainment Corporation (NASDAQ:CZR) Logo

Contrarian Capital Management Llc increased its stake in Caesars Entmt Corp (CZR) by 15.7% based on its latest 2018Q3 regulatory filing with the SEC. Contrarian Capital Management Llc bought 560,004 shares as the company’s stock declined 26.60% with the market. The hedge fund held 4.13M shares of the hotels and resorts company at the end of 2018Q3, valued at $42.31M, up from 3.57M at the end of the previous reported quarter. Contrarian Capital Management Llc who had been investing in Caesars Entmt Corp for a number of months, seems to be bullish on the $5.71 billion market cap company. The stock increased 9.01% or $0.72 during the last trading session, reaching $8.71. About 46.57 million shares traded or 118.80% up from the average. Caesars Entertainment Corporation (NASDAQ:CZR) has declined 42.39% since January 12, 2018 and is downtrending. It has underperformed by 42.39% the S&P500. Some Historical CZR News: 07/03/2018 – CAESARS ENTERTAINMENT 4Q NET REV. $1.90B; 08/03/2018 – 15 Leading Esports Teams And Caesars Entertainment Team Up With The H1Z1 Pro League™ – The World’s First Professional “Battle Royale” Esport League; 26/04/2018 – Scientific Games Installs World’s First Land-Based PRIZM GAMETABLE® At Caesars Entertainment Resorts In Atlantic City; 02/05/2018 – Caesars Entertainment 1Q Rev $1.97B; 22/05/2018 – HAMLET HOLDINGS LLC EARLIER REPORTED 14.2 PCT STAKE IN CAESARS ENTERTAINMENT AS OF DECEMBER 5, 2017; 13/03/2018 – Caesars Entertainment Closes Below 200-Day Average: Technicals; 30/05/2018 – UNITE HERE estimates strike could cost over $300 million for Caesars Entertainment and MGM Resorts in Las Vegas; 14/05/2018 – BREAKING: US Supreme Court rules for New Jersey in state’s fight to legalize sports betting; $CZR, $MGM jumping following the news; 16/04/2018 – Gwen Stefani Fans Celebrate New Las Vegas Residency, Welcome Pop Icon With Elaborate Event At Planet Hollywood Resort & Casino; 07/03/2018 – CAESARS ENTERTAINMENT 4Q ADJ EBITDA $491M

Anchor Capital Advisors Llc decreased its stake in Broadridge Finl Solutions In (BR) by 22.79% based on its latest 2018Q3 regulatory filing with the SEC. Anchor Capital Advisors Llc sold 119,902 shares as the company’s stock declined 27.37% with the market. The hedge fund held 406,318 shares of the miscellaneous company at the end of 2018Q3, valued at $53.61 million, down from 526,220 at the end of the previous reported quarter. Anchor Capital Advisors Llc who had been investing in Broadridge Finl Solutions In for a number of months, seems to be less bullish one the $11.53B market cap company. The stock decreased 0.34% or $0.34 during the last trading session, reaching $98.78. About 384,364 shares traded. Broadridge Financial Solutions, Inc. (NYSE:BR) has risen 11.33% since January 12, 2018 and is uptrending. It has outperformed by 11.33% the S&P500. Some Historical BR News: 08/05/2018 – Broadridge Financial 3Q Rev $1.07B; 08/05/2018 – BROADRIDGE 3Q ADJ EPS $1.00; 03/05/2018 – Broadridge Declares Quarterly Dividend of $0.365 Per Share; 08/05/2018 – Broadridge Financial Solutions 3Q Profit Rises 44%; FY EPS Guidance Raised; 07/03/2018 – Broadridge to Participate at Upcoming Investor Conferences; 08/05/2018 – Broadridge Financial 3Q Net $109.1M; 31/05/2018 – Enabling Cryptocurrency Transactions Key to Going Mainstream; 10/05/2018 – Broadridge to Participate in the 46th Annual J.P. Morgan Global Technology, Media and Communications Conference; 27/03/2018 – BROADRIDGE FINANCIAL SOLUTIONS INC – TERMS OF DEAL WERE NOT DISCLOSED; 17/05/2018 – Santander and Broadridge Complete a First Practical Use of Blockchain for Investor Voting at an Annual General Meeting

More notable recent Caesars Entertainment Corporation (NASDAQ:CZR) news were published by: Nasdaq.com which released: “Pre-Market Most Active for Dec 14, 2018 : CHU, CZR, BEL, AMD, LYG, BOTZ, MCHP, MDCO, SQQQ, BABA, GE, AZN – Nasdaq” on December 14, 2018, also Nasdaq.com with their article: “CZR Makes Bullish Cross Above Critical Moving Average – Nasdaq” published on May 14, 2018, Seekingalpha.com published: “Caesars: Quo Vadis? Is It Finally Poised For A Merger? MGM Thinks So, Maybe Others Too – Seeking Alpha” on November 06, 2018. More interesting news about Caesars Entertainment Corporation (NASDAQ:CZR) were released by: Seekingalpha.com and their article: “Caesars +9% after unexpected Q3 profit – Seeking Alpha” published on November 01, 2018 as well as Seekingalpha.com‘s news article titled: “Caesars’ first non-gaming resorts – Seeking Alpha” with publication date: April 16, 2018.

Investors sentiment increased to 1.59 in 2018 Q3. Its up 0.06, from 1.53 in 2018Q2. It increased, as 32 investors sold CZR shares while 55 reduced holdings. 40 funds opened positions while 98 raised stakes. 752.94 million shares or 2.02% more from 738.02 million shares in 2018Q2 were reported. 25,990 were accumulated by Moneta Group Inv Ltd. The New York-based Brant Point Investment Management Limited Liability Corp has invested 0.1% in Caesars Entertainment Corporation (NASDAQ:CZR). Citadel Advisors Ltd Liability reported 1.24 million shares or 0.01% of all its holdings. Q Glob Lc has invested 1.05% of its portfolio in Caesars Entertainment Corporation (NASDAQ:CZR). Graham Management Limited Partnership reported 342,790 shares. Long Pond Capital LP has invested 6.45% in Caesars Entertainment Corporation (NASDAQ:CZR). Two Sigma Secs Limited Liability Corporation has 56,864 shares. Kj Harrison & Prns Inc invested 0.69% of its portfolio in Caesars Entertainment Corporation (NASDAQ:CZR). Invesco Ltd reported 314,566 shares. New York-based Md Sass Services has invested 4.33% in Caesars Entertainment Corporation (NASDAQ:CZR). Moreover, Serengeti Asset Management LP has 0.98% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 600,000 shares. Da Davidson & Company holds 0% or 12,150 shares in its portfolio. Empyrean Cap Prtn Lp holds 0.89% or 2.77M shares. Family Management Corp stated it has 0.14% in Caesars Entertainment Corporation (NASDAQ:CZR). Goldman Sachs Grp Inc accumulated 2.64 million shares.

Among 12 analysts covering Caesars Entertainment (NASDAQ:CZR), 8 have Buy rating, 1 Sell and 3 Hold. Therefore 67% are positive. Caesars Entertainment had 20 analyst reports since December 14, 2015 according to SRatingsIntel. The rating was upgraded by Nomura on Wednesday, March 7 to “Buy”. Bank of America maintained Caesars Entertainment Corporation (NASDAQ:CZR) rating on Thursday, August 2. Bank of America has “Buy” rating and $13 target. The company was initiated on Wednesday, May 31 by Oppenheimer. On Tuesday, June 6 the stock rating was maintained by Oppenheimer with “Buy”. On Tuesday, October 24 the stock rating was maintained by SunTrust with “Buy”. The firm earned “Neutral” rating on Wednesday, January 2 by UBS. The firm earned “Buy” rating on Tuesday, June 19 by Oppenheimer. The rating was maintained by SunTrust with “Buy” on Monday, February 5. Deutsche Bank maintained the shares of CZR in report on Monday, January 7 with “Buy” rating. The stock has “Underweight” rating by Barclays Capital on Monday, December 14.

Since November 13, 2018, it had 4 insider buys, and 1 insider sale for $572,444 activity. Benninger Thomas M. also bought $319,390 worth of Caesars Entertainment Corporation (NASDAQ:CZR) on Tuesday, November 20. Roca Marco sold $146,453 worth of Caesars Entertainment Corporation (NASDAQ:CZR) on Tuesday, November 13. CHUGG JULIANA L bought $100,007 worth of Caesars Entertainment Corporation (NASDAQ:CZR) on Friday, December 21.

Contrarian Capital Management Llc, which manages about $4.20B and $1.14B US Long portfolio, decreased its stake in Penn Va Corp New by 3,782 shares to 789,767 shares, valued at $63.61 million in 2018Q3, according to the filing. It also reduced its holding in Alcoa Corp by 1.07M shares in the quarter, leaving it with 69,046 shares, and cut its stake in Caesars Entmt Corp.

Another recent and important Broadridge Financial Solutions, Inc. (NYSE:BR) news was published by Streetinsider.com which published an article titled: “Broadridge (BR) Reports Election of Tim Gokey to Board – StreetInsider.com” on December 13, 2018.

Anchor Capital Advisors Llc, which manages about $8.51B and $2.75B US Long portfolio, upped its stake in Ufp Technologies Inc (NASDAQ:UFPT) by 8,650 shares to 44,714 shares, valued at $1.64M in 2018Q3, according to the filing. It also increased its holding in Blue Hills Bancorp Inc (NASDAQ:BHBK) by 22,110 shares in the quarter, for a total of 54,329 shares, and has risen its stake in Pg&E Corp (NYSE:PCG).

Analysts await Broadridge Financial Solutions, Inc. (NYSE:BR) to report earnings on February, 14. They expect $0.70 earnings per share, down 11.39% or $0.09 from last year’s $0.79 per share. BR’s profit will be $81.73 million for 35.28 P/E if the $0.70 EPS becomes a reality. After $0.79 actual earnings per share reported by Broadridge Financial Solutions, Inc. for the previous quarter, Wall Street now forecasts -11.39% negative EPS growth.

Caesars Entertainment Corporation (NASDAQ:CZR) Institutional Positions Chart

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