BidaskClub upgraded shares of Caesars Entertainment (NASDAQ:CZR) from a strong sell rating to a sell rating in a research report report published on Saturday morning.
CZR has been the subject of a number of other research reports. ValuEngine lowered shares of Caesars Entertainment from a hold rating to a sell rating in a research report on Friday, December 1st. Oppenheimer reissued a buy rating and set a $15.00 target price on shares of Caesars Entertainment in a research report on Thursday, November 30th. SunTrust Banks reissued an average rating and set a $16.00 target price on shares of Caesars Entertainment in a research report on Monday, February 5th. Zacks Investment Research raised shares of Caesars Entertainment from a strong sell rating to a hold rating in a research report on Tuesday, January 30th. Finally, Jefferies Group assumed coverage on shares of Caesars Entertainment in a report on Thursday, January 18th. They set a hold rating and a $14.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $14.55.
Caesars Entertainment (CZR) opened at $13.20 on Friday. The firm has a market cap of $9,294.53, a price-to-earnings ratio of -0.65 and a beta of 0.26. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of -1.69. Caesars Entertainment has a 52-week low of $9.00 and a 52-week high of $14.50.
In other news, EVP Janis L. Jones sold 26,131 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $12.86, for a total transaction of $336,044.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John M. Boushy bought 20,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was acquired at an average cost of $12.64 per share, for a total transaction of $252,800.00. Following the purchase, the director now owns 20,000 shares of the company’s stock, valued at $252,800. The disclosure for this purchase can be found here. Insiders own 5.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Governors Lane LP bought a new stake in Caesars Entertainment in the fourth quarter valued at about $111,347,000. Long Pond Capital LP bought a new stake in Caesars Entertainment in the fourth quarter valued at about $88,898,000. Vanguard Group Inc. increased its stake in Caesars Entertainment by 7.6% in the second quarter. Vanguard Group Inc. now owns 4,910,696 shares of the company’s stock valued at $58,929,000 after acquiring an additional 346,270 shares during the period. Systematic Financial Management LP bought a new stake in Caesars Entertainment in the fourth quarter valued at about $45,980,000. Finally, Franklin Resources Inc. bought a new stake in Caesars Entertainment in the fourth quarter valued at about $33,666,000. 32.16% of the stock is currently owned by institutional investors and hedge funds.
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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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