Caesars Entertainment, Inc. (NASDAQ:CZR) Short Interest Update

Caesars Entertainment, Inc. (NASDAQ:CZR) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 15,370,000 shares, a growth of 5.5% from the October 31st total of 14,570,000 shares. Based on an average trading volume of 4,080,000 shares, the short-interest ratio is currently 3.8 days.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays cut their price objective on Caesars Entertainment from $59.00 to $57.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. JMP Securities dropped their price objective on shares of Caesars Entertainment from $59.00 to $57.00 and set a “market outperform” rating for the company in a report on Monday, November 25th. Macquarie reaffirmed an “outperform” rating and set a $50.00 price target on shares of Caesars Entertainment in a research note on Wednesday, October 30th. StockNews.com upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus boosted their target price on Caesars Entertainment from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $53.86.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. boosted its holdings in Caesars Entertainment by 525.3% in the second quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after purchasing an additional 499 shares during the last quarter. Huntington National Bank boosted its stake in shares of Caesars Entertainment by 3,203.8% in the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock worth $36,000 after buying an additional 833 shares during the last quarter. UMB Bank n.a. purchased a new stake in Caesars Entertainment during the third quarter valued at $51,000. GAMMA Investing LLC lifted its holdings in Caesars Entertainment by 63.1% in the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $64,000 after acquiring an additional 622 shares during the period. Finally, Quarry LP bought a new stake in shares of Caesars Entertainment during the 3rd quarter valued at about $68,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 2.5 %

Shares of Caesars Entertainment stock traded down $0.97 during trading on Tuesday, hitting $38.04. The company’s stock had a trading volume of 3,845,806 shares, compared to its average volume of 4,112,324. Caesars Entertainment has a 52 week low of $31.74 and a 52 week high of $50.51. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The company has a fifty day simple moving average of $41.38 and a two-hundred day simple moving average of $38.45. The company has a market capitalization of $8.08 billion, a PE ratio of -23.36 and a beta of 2.89.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period last year, the business earned $0.34 EPS. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. Equities research analysts predict that Caesars Entertainment will post -0.56 earnings per share for the current year.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.