Caesars Entertainment Corporation (NASDAQ:CZR) was the recipient of a significant growth in short interest in the month of September. As of September 29th, there was short interest totalling 39,780,733 shares, a growth of 8.5% from the September 15th total of 36,667,318 shares. Based on an average daily volume of 5,205,936 shares, the days-to-cover ratio is currently 7.6 days. Currently, 34.0% of the shares of the company are sold short.

Caesars Entertainment Corporation (NASDAQ CZR) opened at 12.15 on Friday. The stock’s 50 day moving average price is $12.25 and its 200-day moving average price is $11.68. The firm’s market capitalization is $1.81 billion. Caesars Entertainment Corporation has a one year low of $6.70 and a one year high of $13.60.

Caesars Entertainment Corporation (NASDAQ:CZR) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.47). The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $2.11 billion. On average, equities research analysts expect that Caesars Entertainment Corporation will post $0.06 EPS for the current fiscal year.

A number of brokerages have issued reports on CZR. BidaskClub raised Caesars Entertainment Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. ValuEngine cut Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Zacks Investment Research cut Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Nomura began coverage on Caesars Entertainment Corporation in a research report on Friday, October 6th. They set a “neutral” rating and a $14.00 target price for the company. Finally, Instinet began coverage on Caesars Entertainment Corporation in a research report on Friday, October 6th. They set a “neutral” rating and a $14.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.39.

Several hedge funds and other institutional investors have recently modified their holdings of CZR. Wells Fargo & Company MN boosted its stake in shares of Caesars Entertainment Corporation by 3.0% during the 1st quarter. Wells Fargo & Company MN now owns 43,804 shares of the company’s stock worth $418,000 after acquiring an additional 1,273 shares during the period. First Trust Advisors LP boosted its stake in shares of Caesars Entertainment Corporation by 128.5% during the 1st quarter. First Trust Advisors LP now owns 132,959 shares of the company’s stock worth $1,270,000 after acquiring an additional 74,779 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Caesars Entertainment Corporation by 3.1% during the 1st quarter. Bank of New York Mellon Corp now owns 251,600 shares of the company’s stock worth $2,402,000 after acquiring an additional 7,589 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Caesars Entertainment Corporation by 8.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 47,571 shares of the company’s stock worth $454,000 after acquiring an additional 3,800 shares during the period. Finally, Karp Capital Management Corp bought a new position in shares of Caesars Entertainment Corporation during the 1st quarter worth approximately $177,000. Institutional investors own 76.68% of the company’s stock.

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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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