Insider Selling: Caesars Entertainment Corporation (CZR) EVP Sells 26,131 Shares of Stock
Caesars Entertainment Corporation (NASDAQ:CZR) EVP Janis L. Jones sold 26,131 shares of Caesars Entertainment stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $12.86, for a total transaction of $336,044.66. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Caesars Entertainment Corporation (CZR) traded up $0.05 during midday trading on Thursday, reaching $12.55. 7,877,404 shares of the company were exchanged, compared to its average volume of 3,743,038. Caesars Entertainment Corporation has a fifty-two week low of $7.05 and a fifty-two week high of $13.60. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of -1.69.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. KCG Holdings Inc. bought a new stake in Caesars Entertainment in the first quarter valued at $116,000. BNP Paribas Arbitrage SA increased its stake in Caesars Entertainment by 88.0% in the second quarter. BNP Paribas Arbitrage SA now owns 10,449 shares of the company’s stock valued at $125,000 after purchasing an additional 4,892 shares in the last quarter. Quantbot Technologies LP increased its stake in Caesars Entertainment by 647.9% in the second quarter. Quantbot Technologies LP now owns 12,116 shares of the company’s stock valued at $145,000 after purchasing an additional 10,496 shares in the last quarter. Airain ltd bought a new stake in Caesars Entertainment in the second quarter valued at $161,000. Finally, Stevens Capital Management LP bought a new stake in Caesars Entertainment in the third quarter valued at $185,000. 20.47% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on the stock. BidaskClub raised shares of Caesars Entertainment from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. ValuEngine downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Oppenheimer reissued a “buy” rating and set a $15.00 target price on shares of Caesars Entertainment in a research note on Thursday, November 30th. Finally, Instinet assumed coverage on shares of Caesars Entertainment in a research note on Friday, October 6th. They set a “neutral” rating and a $14.00 target price for the company. Three analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Caesars Entertainment presently has an average rating of “Hold” and an average target price of $14.39.
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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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