Caesars Entertainment Corp (CZR) Short Interest Down 26.0% in December

Caesars Entertainment Corp (NASDAQ:CZR) was the target of a large decrease in short interest in the month of December. As of December 29th, there was short interest totalling 19,503,695 shares, a decrease of 26.0% from the December 15th total of 26,360,194 shares. Based on an average trading volume of 6,947,176 shares, the short-interest ratio is currently 2.8 days. Approximately 3.3% of the company’s shares are short sold.

Caesars Entertainment (NASDAQ:CZR) opened at $13.00 on Friday. Caesars Entertainment has a 1-year low of $8.50 and a 1-year high of $13.60. The company has a debt-to-equity ratio of -1.69, a current ratio of 0.48 and a quick ratio of 0.48. The company has a market cap of $9,150.00, a P/E ratio of -0.64 and a beta of 0.31.

Several research analysts have recently weighed in on the stock. BidaskClub lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Nomura assumed coverage on shares of Caesars Entertainment in a report on Friday, October 6th. They issued a “neutral” rating and a $14.00 price target on the stock. ValuEngine lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Zacks Investment Research lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Monday, December 4th. Finally, SunTrust Banks assumed coverage on shares of Caesars Entertainment in a report on Friday, September 15th. They issued a “buy” rating and a $14.00 price target on the stock. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Caesars Entertainment currently has an average rating of “Hold” and a consensus price target of $14.39.

In other news, EVP Janis L. Jones sold 26,131 shares of the stock in a transaction dated Tuesday, December 5th. The shares were 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 through this hyperlink. Also, Director John M. Boushy acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were bought at an average price of $12.64 per share, for a total transaction of $252,800.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at $252,800. The disclosure for this purchase can be found here. Corporate insiders own 5.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CZR. BNP Paribas Arbitrage SA raised its holdings 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 buying an additional 4,892 shares during the period. Quantbot Technologies LP grew its position 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 acquiring an additional 10,496 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Caesars Entertainment in the third quarter valued at approximately $185,000. Oppenheimer & Co. Inc. acquired a new stake in Caesars Entertainment in the third quarter valued at approximately $284,000. Finally, Voya Investment Management LLC grew its position in Caesars Entertainment by 19.8% in the second quarter. Voya Investment Management LLC now owns 26,916 shares of the company’s stock valued at $323,000 after acquiring an additional 4,449 shares in the last quarter. Hedge funds and other institutional investors own 20.46% of the company’s stock.

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Caesars Entertainment 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 resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.

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