Caesars Entertainment Corporation (NASDAQ:CZR) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 37,622,589 shares, an increase of 9.0% from the August 15th total of 34,512,993 shares. Based on an average trading volume of 2,108,153 shares, the short-interest ratio is presently 17.8 days. Approximately 32.1% of the company’s shares are sold short.

Hedge funds have recently added to or reduced their stakes in the business. KCG Holdings Inc. bought a new position in Caesars Entertainment Corporation during the first quarter valued at $116,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Caesars Entertainment Corporation by 88.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,449 shares of the company’s stock worth $125,000 after acquiring an additional 4,892 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of Caesars Entertainment Corporation by 647.9% in the 2nd quarter. Quantbot Technologies LP now owns 12,116 shares of the company’s stock worth $145,000 after acquiring an additional 10,496 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Caesars Entertainment Corporation in the 1st quarter worth about $156,000. Finally, Airain ltd bought a new stake in shares of Caesars Entertainment Corporation in the 2nd quarter worth about $161,000. Institutional investors and hedge funds own 76.68% of the company’s stock.

Shares of Caesars Entertainment Corporation (NASDAQ:CZR) opened at 12.25 on Tuesday. The firm has a 50-day moving average of $11.76 and a 200 day moving average of $11.24. The company’s market capitalization is $1.83 billion. Caesars Entertainment Corporation has a 1-year low of $6.61 and a 1-year high of $13.45.

Caesars Entertainment Corporation (NASDAQ:CZR) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.47). The business had revenue of $1 billion for the quarter, compared to analyst estimates of $2.11 billion. On average, analysts anticipate that Caesars Entertainment Corporation will post $0.06 EPS for the current year.

A number of research firms have recently issued reports on CZR. BidaskClub raised shares of Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a research report on Monday. SunTrust Banks, Inc. started coverage on shares of Caesars Entertainment Corporation in a research report on Friday. They set a “buy” rating and a $14.00 target price on the stock. Zacks Investment Research raised shares of Caesars Entertainment Corporation from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Friday, September 8th. ValuEngine raised shares of Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Wolfe Research initiated coverage on shares of Caesars Entertainment Corporation in a research report on Friday, July 21st. They set an “outperform” rating and a $16.00 target price on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $14.50.

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About Caesars Entertainment Corporation

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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