Caesars Entertainment, Inc. (NASDAQ:CZR) Short Interest Down 8.1% in December

Caesars Entertainment, Inc. (NASDAQ:CZRGet Rating) was the recipient of a large drop in short interest during the month of December. As of December 30th, there was short interest totalling 11,470,000 shares, a drop of 8.1% from the December 15th total of 12,480,000 shares. Based on an average daily trading volume, of 3,890,000 shares, the days-to-cover ratio is presently 2.9 days.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CZR. StockNews.com began coverage on Caesars Entertainment in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Bank of America dropped their price target on Caesars Entertainment from $55.00 to $50.00 in a research report on Wednesday, January 4th. Wells Fargo & Company lifted their price target on Caesars Entertainment from $64.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, November 2nd. Susquehanna Bancshares dropped their price target on Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating on the stock in a research report on Monday, October 3rd. Finally, Barclays lifted their price target on Caesars Entertainment from $65.00 to $66.00 and gave the company an “overweight” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $68.07.

Caesars Entertainment Stock Up 3.9 %

Caesars Entertainment stock traded up $1.95 during mid-day trading on Tuesday, hitting $52.29. The company had a trading volume of 1,723,611 shares, compared to its average volume of 2,643,934. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 6.53. The stock’s 50 day moving average price is $47.18 and its two-hundred day moving average price is $44.33. Caesars Entertainment has a 12 month low of $31.31 and a 12 month high of $89.80. The company has a market capitalization of $11.22 billion, a PE ratio of -9.22 and a beta of 2.83.

Caesars Entertainment (NASDAQ:CZRGet Rating) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.09. Caesars Entertainment had a negative return on equity of 15.21% and a negative net margin of 11.18%. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.84 billion. As a group, sell-side analysts anticipate that Caesars Entertainment will post -1.56 earnings per share for the current fiscal year.

Insider Transactions at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram acquired 25,000 shares of the business’s stock in a transaction dated Friday, November 4th. The shares were purchased at an average cost of $44.74 per share, for a total transaction of $1,118,500.00. Following the transaction, the director now owns 96,697 shares in the company, valued at $4,326,223.78. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Comerica Bank raised its stake in shares of Caesars Entertainment by 4.1% in the second quarter. Comerica Bank now owns 18,167 shares of the company’s stock worth $759,000 after purchasing an additional 708 shares during the last quarter. Swiss National Bank raised its stake in shares of Caesars Entertainment by 0.3% in the second quarter. Swiss National Bank now owns 928,500 shares of the company’s stock worth $35,562,000 after purchasing an additional 2,600 shares during the last quarter. Commerce Bank purchased a new position in shares of Caesars Entertainment in the second quarter worth $297,000. KBC Group NV raised its stake in shares of Caesars Entertainment by 33.3% in the second quarter. KBC Group NV now owns 13,931 shares of the company’s stock worth $534,000 after purchasing an additional 3,484 shares during the last quarter. Finally, LPL Financial LLC increased its position in Caesars Entertainment by 40.7% during the second quarter. LPL Financial LLC now owns 233,762 shares of the company’s stock valued at $8,953,000 after acquiring an additional 67,582 shares during the last quarter. Hedge funds and other institutional investors own 93.88% of the company’s stock.

About Caesars Entertainment

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Caesars Holdings, Inc is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.

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