Caesars Entertainment Target of Unusually High Options Trading (CZR)

Caesars Entertainment Corp (NASDAQ:CZR) saw some unusual options trading activity on Friday. Stock traders acquired 91,702 call options on the company. This is an increase of 3,159% compared to the typical daily volume of 2,814 call options.

In related news, EVP Janis L. Jones sold 26,131 shares of the firm’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John M. Boushy acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were bought at an average price of $12.64 per share, with a total value of $252,800.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $252,800. The disclosure for this purchase can be found here. 5.80% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Neuberger Berman Group LLC grew its stake in Caesars Entertainment by 1,419.8% during the third quarter. Neuberger Berman Group LLC now owns 549,902 shares of the company’s stock valued at $7,341,000 after acquiring an additional 513,719 shares in the last quarter. Davidson Kempner Capital Management LP grew its stake in Caesars Entertainment by 267.9% during the third quarter. Davidson Kempner Capital Management LP now owns 1,655,745 shares of the company’s stock valued at $22,104,000 after acquiring an additional 1,205,745 shares in the last quarter. Cowen Inc. purchased a new position in Caesars Entertainment during the third quarter valued at approximately $334,000. Graham Capital Management L.P. purchased a new position in Caesars Entertainment during the third quarter valued at approximately $763,000. Finally, Engineers Gate Manager LP purchased a new position in Caesars Entertainment during the third quarter valued at approximately $3,095,000. Hedge funds and other institutional investors own 20.46% of the company’s stock.

CZR has been the subject of several recent research reports. BidaskClub downgraded shares of Caesars Entertainment from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Zacks Investment Research downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Monday, December 4th. ValuEngine downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Oppenheimer reiterated a “buy” rating and issued a $15.00 target price on shares of Caesars Entertainment in a research note on Thursday, November 30th. Finally, Instinet initiated coverage on shares of Caesars Entertainment in a research note on Friday, October 6th. They issued a “neutral” rating and a $14.00 target price for the company. Three research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.39.

Caesars Entertainment (NASDAQ CZR) opened at $13.00 on Wednesday. The firm has a market cap of $9,190.00, a PE ratio of -0.64 and a beta of 0.31. The company has a debt-to-equity ratio of -1.69, a current ratio of 0.48 and a quick ratio of 0.48. Caesars Entertainment has a 12 month low of $8.50 and a 12 month high of $13.60.

COPYRIGHT VIOLATION WARNING: “Caesars Entertainment Target of Unusually High Options Trading (CZR)” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://www.com-unik.info/2018/01/17/caesars-entertainment-target-of-unusually-high-options-trading-czr.html.

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.

Receive News & Ratings for Caesars Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caesars Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit