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.
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.
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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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