Caesars Entertainment Corporation (NASDAQ:CZR) saw a large growth in short interest in July. As of July 31st, there was short interest totalling 34,374,679 shares, a growth of 10.6% from the July 14th total of 31,071,786 shares. Based on an average daily volume of 2,616,606 shares, the days-to-cover ratio is currently 13.1 days. Approximately 63.0% of the company’s stock are short sold.

A number of equities analysts have recently issued reports on the stock. BidaskClub cut shares of Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. ValuEngine raised shares of Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. CIBC assumed coverage on shares of Caesars Entertainment Corporation in a research report on Thursday, June 1st. They set an “outperform” rating and a $15.00 price objective on the stock. Oppenheimer Holdings, Inc. assumed coverage on shares of Caesars Entertainment Corporation in a research report on Thursday, June 1st. They set an “outperform” rating and a $15.00 price objective on the stock. Finally, Zacks Investment Research raised shares of Caesars Entertainment Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $14.58.

Caesars Entertainment Corporation (CZR) opened at 11.95 on Friday. Caesars Entertainment Corporation has a 12 month low of $5.39 and a 12 month high of $13.45. The company has a 50-day moving average of $12.38 and a 200 day moving average of $10.74. The company’s market cap is $1.78 billion.

Caesars Entertainment Corporation (NASDAQ:CZR) last posted its quarterly earnings data on Thursday, August 3rd. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.26 by $0.47. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $2.11 billion. On average, equities analysts forecast that Caesars Entertainment Corporation will post ($0.27) earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of CZR. Metropolitan Life Insurance Co. NY raised its stake in Caesars Entertainment Corporation by 0.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 35,008 shares of the company’s stock valued at $298,000 after buying an additional 280 shares during the last quarter. Wells Fargo & Company MN raised its stake in Caesars Entertainment Corporation by 3.0% in the first quarter. Wells Fargo & Company MN now owns 43,804 shares of the company’s stock valued at $418,000 after buying an additional 1,273 shares during the last quarter. American International Group Inc. raised its stake in Caesars Entertainment Corporation by 7.1% in the first quarter. American International Group Inc. now owns 34,743 shares of the company’s stock valued at $332,000 after buying an additional 2,295 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Caesars Entertainment Corporation by 8.7% in the first quarter. UBS Asset Management Americas Inc. now owns 47,571 shares of the company’s stock valued at $454,000 after buying an additional 3,800 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Caesars Entertainment Corporation by 5.7% in the second quarter. Rhumbline Advisers now owns 70,215 shares of the company’s stock valued at $843,000 after buying an additional 3,805 shares during the last quarter. 67.47% of the stock is currently owned by institutional investors and hedge funds.

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Caesars Entertainment Corporation Company Profile

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 facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options.

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