SunTrust Banks reissued their average rating on shares of Caesars Entertainment (NASDAQ:CZR) in a research report report published on Monday morning. The firm currently has a $16.00 target price on the stock.
Other equities research analysts have also issued reports about the company. BidaskClub lowered Caesars Entertainment from a hold rating to a sell rating in a research note on Tuesday, November 14th. ValuEngine lowered Caesars Entertainment from a hold rating to a sell rating in a research note on Friday, December 1st. Oppenheimer restated a buy rating and set a $15.00 price target on shares of Caesars Entertainment in a research note on Thursday, November 30th. Zacks Investment Research upgraded Caesars Entertainment from a strong sell rating to a hold rating in a research note on Tuesday, January 30th. Finally, Jefferies Group initiated coverage on Caesars Entertainment in a research note on Thursday, January 18th. They set a hold rating and a $14.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $14.55.
Caesars Entertainment (NASDAQ:CZR) opened at $13.05 on Monday. The company has a market capitalization of $9,787.43, a price-to-earnings ratio of -0.66 and a beta of 0.26. Caesars Entertainment has a 12 month low of $8.50 and a 12 month high of $14.50. The company has a debt-to-equity ratio of -1.69, a current ratio of 0.48 and a quick ratio of 0.48.
In related news, Director John M. Boushy bought 20,000 shares of the stock in a transaction dated Wednesday, December 6th. The stock was acquired at an average price of $12.64 per share, for a total transaction of $252,800.00. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at $252,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 value of $336,044.66. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by company insiders.
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 about $24,118,000. Selz Capital LLC acquired a new stake in shares of Caesars Entertainment in the fourth quarter valued at about $23,385,000. Bank of New York Mellon Corp grew its stake in shares of Caesars Entertainment by 619.0% in the third quarter. Bank of New York Mellon Corp now owns 1,920,538 shares of the company’s stock valued at $25,639,000 after buying an additional 1,653,439 shares in the last quarter. Davidson Kempner Capital Management LP grew its stake in shares of Caesars Entertainment by 267.9% in 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 buying an additional 1,205,745 shares in the last quarter. Finally, FMR LLC acquired a new stake in shares of Caesars Entertainment in the second quarter valued at about $13,715,000. Institutional investors and hedge funds own 21.06% 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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