Caesars Entertainment Co. (NASDAQ:CZR) VP Sells $199,638.75 in Stock

Caesars Entertainment Co. (NASDAQ:CZR) VP Les Ottolenghi sold 17,375 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $11.49, for a total value of $199,638.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of CZR stock traded up $0.17 during mid-day trading on Tuesday, reaching $11.60. The stock had a trading volume of 8,912,200 shares, compared to its average volume of 24,343,297. Caesars Entertainment Co. has a 12-month low of $5.84 and a 12-month high of $12.23. The firm has a market capitalization of $7.80 billion, a P/E ratio of -61.05 and a beta of 1.40. The firm’s 50-day moving average is $11.84. The company has a debt-to-equity ratio of 6.69, a quick ratio of 1.13 and a current ratio of 1.15.

Several research firms have issued reports on CZR. Morgan Stanley cut Caesars Entertainment from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $11.00 to $12.50 in a research report on Tuesday, June 25th. BidaskClub upgraded Caesars Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Deutsche Bank reiterated a “buy” rating and issued a $13.00 price objective on shares of Caesars Entertainment in a research report on Wednesday, August 7th. Zacks Investment Research cut Caesars Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Nomura cut Caesars Entertainment from a “buy” rating to a “neutral” rating and set a $12.00 price objective for the company. in a research report on Tuesday, June 25th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.08.

Several hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC acquired a new stake in shares of Caesars Entertainment during the first quarter valued at $25,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Caesars Entertainment during the second quarter valued at $26,000. Meridian Wealth Management LLC acquired a new stake in shares of Caesars Entertainment during the first quarter valued at $28,000. Machina Capital S.A.S. acquired a new stake in shares of Caesars Entertainment during the second quarter valued at $53,000. Finally, Glassman Wealth Services acquired a new stake in shares of Caesars Entertainment during the second quarter valued at $54,000.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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Insider Buying and Selling by Quarter for Caesars Entertainment (NASDAQ:CZR)

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