Shares of Caesars Entertainment Corp (NASDAQ:CZR) have received a consensus rating of “Hold” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $14.56.
Several equities research analysts recently commented on the company. BidaskClub cut Caesars Entertainment from a “sell” rating to a “strong sell” rating in a report on Saturday, December 9th. Zacks Investment Research cut Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Monday, December 4th. ValuEngine cut Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Oppenheimer reissued a “buy” rating and set a $15.00 target price on shares of Caesars Entertainment in a report on Thursday, November 30th. Finally, Instinet assumed coverage on Caesars Entertainment in a report on Friday, October 6th. They set a “neutral” rating and a $14.00 target price on the stock.
In other Caesars Entertainment news, EVP Janis L. Jones sold 26,131 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $12.86, for a total value of $336,044.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John M. Boushy purchased 20,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was bought at an average cost of $12.64 per share, for a total transaction of $252,800.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $252,800. The disclosure for this purchase can be found here. 4.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of CZR. BNP Paribas Arbitrage SA grew its position in Caesars Entertainment by 88.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,449 shares of the company’s stock worth $125,000 after purchasing an additional 4,892 shares in the last quarter. Quantbot Technologies LP grew its position in Caesars Entertainment by 647.9% during the 2nd quarter. Quantbot Technologies LP now owns 12,116 shares of the company’s stock worth $145,000 after purchasing an additional 10,496 shares in the last quarter. Airain ltd purchased a new position in Caesars Entertainment during the 2nd quarter worth approximately $161,000. Stevens Capital Management LP purchased a new position in Caesars Entertainment during the 3rd quarter worth approximately $185,000. Finally, Oppenheimer & Co. Inc. purchased a new position in Caesars Entertainment during the 3rd quarter worth approximately $284,000. Hedge funds and other institutional investors own 20.46% of the company’s stock.
Shares of Caesars Entertainment (CZR) traded down $0.10 during trading hours on Wednesday, reaching $13.05. The company had a trading volume of 3,368,178 shares, compared to its average volume of 7,429,132. Caesars Entertainment has a 1 year low of $8.50 and a 1 year high of $13.60. The company has a market capitalization of $9,259.33, a PE ratio of -0.65 and a beta of 0.31. The company has a debt-to-equity ratio of -1.69, a quick ratio of 0.48 and a current ratio of 0.48.
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About Caesars Entertainment
Caesars Entertainment Corporation is a holding company. The Company provides casino-entertainment and hospitality services. The Company’s segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company’s resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.
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