Caesars Entertainment (CZR) Given “Average” Rating at SunTrust Banks

SunTrust Banks reaffirmed their average rating on shares of Caesars Entertainment (NASDAQ:CZR) in a research report sent to investors on Monday morning. The firm currently has a $16.00 target price on the stock.

Other equities analysts also recently issued reports about the company. Oppenheimer reaffirmed a buy rating and issued a $15.00 price target on shares of Caesars Entertainment in a report on Thursday, November 30th. Zacks Investment Research raised Caesars Entertainment from a strong sell rating to a hold rating in a report on Tuesday, January 30th. Jefferies Group initiated coverage on Caesars Entertainment in a report on Thursday, January 18th. They issued a hold rating and a $14.00 price target for the company. BidaskClub raised Caesars Entertainment from a sell rating to a hold rating in a report on Friday, November 3rd. Finally, ValuEngine downgraded Caesars Entertainment from a hold rating to a sell rating in a report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $14.55.

Shares of Caesars Entertainment (CZR) opened at $13.55 on Monday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of -1.69. Caesars Entertainment has a one year low of $8.50 and a one year high of $14.50.

In other news, Director John M. Boushy acquired 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was acquired at an average cost of $12.64 per share, with a total value of $252,800.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $252,800. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Janis L. Jones sold 26,131 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $12.86, for a total value of $336,044.66. The disclosure for this sale can be found here. Corporate insiders own 4.60% of the company’s stock.

Several hedge funds have recently bought and sold shares of CZR. Hamilton Lane Advisors LLC acquired a new stake in shares of Caesars Entertainment in the fourth quarter valued at approximately $24,118,000. Selz Capital LLC acquired a new stake in shares of Caesars Entertainment during the fourth quarter worth $23,385,000. Beach Point Capital Management LP acquired a new stake in shares of Caesars Entertainment during the fourth quarter worth $22,544,000. Bank of New York Mellon Corp lifted its holdings in shares of Caesars Entertainment by 619.0% during the third quarter. Bank of New York Mellon Corp now owns 1,920,538 shares of the company’s stock worth $25,639,000 after purchasing an additional 1,653,439 shares during the period. Finally, Davidson Kempner Capital Management LP lifted its holdings in shares of 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 worth $22,104,000 after purchasing an additional 1,205,745 shares during the period. 21.06% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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