Timothy R. Donovan Sells 69,106 Shares of Caesars Entertainment Co. (CZR) Stock

Caesars Entertainment Co. (NASDAQ:CZR) EVP Timothy R. Donovan sold 69,106 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $12.67, for a total transaction of $875,573.02. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Timothy R. Donovan also recently made the following trade(s):

  • On Tuesday, March 20th, Timothy R. Donovan sold 5,354 shares of Caesars Entertainment stock. The shares were sold at an average price of $12.48, for a total transaction of $66,817.92.

Caesars Entertainment opened at $12.85 on Friday, Marketbeat.com reports. Caesars Entertainment Co. has a fifty-two week low of $10.48 and a fifty-two week high of $14.50. The company has a current ratio of 1.96, a quick ratio of 1.93 and a debt-to-equity ratio of 5.52.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Wednesday, March 7th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $2 billion. analysts anticipate that Caesars Entertainment Co. will post 0.21 EPS for the current year.

A number of hedge funds have recently modified their holdings of the business. Long Pond Capital LP boosted its position in Caesars Entertainment by 214.2% in the 1st quarter. Long Pond Capital LP now owns 22,081,228 shares of the company’s stock valued at $248,414,000 after buying an additional 15,053,742 shares during the period. Governors Lane LP purchased a new position in Caesars Entertainment in the 4th quarter valued at approximately $111,347,000. Blackstone Group L.P. purchased a new position in Caesars Entertainment in the 1st quarter valued at approximately $47,836,000. Systematic Financial Management LP purchased a new position in Caesars Entertainment in the 4th quarter valued at approximately $45,980,000. Finally, Global Thematic Partners LLC purchased a new position in Caesars Entertainment in the 1st quarter valued at approximately $37,854,000. 96.18% of the stock is owned by institutional investors.

Several analysts recently weighed in on CZR shares. Zacks Investment Research upgraded shares of Caesars Entertainment from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 30th. SunTrust Banks reiterated an “average” rating and issued a $16.00 target price on shares of Caesars Entertainment in a report on Monday, February 5th. BidaskClub upgraded shares of Caesars Entertainment from a “strong sell” rating to a “sell” rating in a report on Saturday, February 17th. Nomura upgraded shares of Caesars Entertainment from a “neutral” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, TheStreet upgraded shares of Caesars Entertainment from a “d” rating to a “c” rating in a report on Thursday, March 8th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $14.83.

About Caesars Entertainment

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 36,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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