Short Interest in Caesars Entertainment Corp. (CZR) Decreases By 10.7%
Caesars Entertainment Corp. (NASDAQ:CZR) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 12,310,716 shares, a drop of 10.7% from the October 31st total of 13,788,796 shares. Based on an average daily volume of 721,631 shares, the short-interest ratio is currently 17.1 days. Approximately 52.3% of the company’s shares are short sold.
Shares of Caesars Entertainment Corp. (NASDAQ:CZR) opened at 7.50 on Thursday. Caesars Entertainment Corp. has a 52 week low of $5.39 and a 52 week high of $10.84. The company’s 50 day moving average price is $7.23 and its 200-day moving average price is $7.37. The company’s market capitalization is $1.10 billion.
Caesars Entertainment Corp. (NASDAQ:CZR) last announced its earnings results on Monday, November 7th. The company reported ($4.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by $4.30. Caesars Entertainment Corp. had a negative net margin of 68.93% and a negative return on equity of 818.18%. The firm had revenue of $986 million for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the company earned ($5.44) EPS. Caesars Entertainment Corp.’s revenue was up 3.0% compared to the same quarter last year. Analysts anticipate that Caesars Entertainment Corp. will post ($16.90) earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its position in shares of Caesars Entertainment Corp. by 0.9% in the third quarter. Wells Fargo & Company MN now owns 23,009 shares of the company’s stock valued at $172,000 after buying an additional 200 shares during the last quarter. Rhumbline Advisers boosted its position in Caesars Entertainment Corp. by 0.4% in the third quarter. Rhumbline Advisers now owns 67,231 shares of the company’s stock worth $501,000 after buying an additional 260 shares during the period. California State Teachers Retirement System boosted its position in Caesars Entertainment Corp. by 0.8% in the third quarter. California State Teachers Retirement System now owns 119,322 shares of the company’s stock worth $889,000 after buying an additional 1,000 shares during the period. Aperio Group LLC boosted its position in Caesars Entertainment Corp. by 8.2% in the third quarter. Aperio Group LLC now owns 14,929 shares of the company’s stock worth $111,000 after buying an additional 1,128 shares during the period. Finally, BlackRock Advisors LLC boosted its position in Caesars Entertainment Corp. by 8.2% in the second quarter. BlackRock Advisors LLC now owns 25,452 shares of the company’s stock worth $196,000 after buying an additional 1,928 shares during the period. Institutional investors and hedge funds own 64.60% of the company’s stock.
Caesars Entertainment Corp. Company Profile
Caesars Entertainment Corporation (Caesars) is a holding company. The Company offers casino-entertainment and hospitality services. It operates through three segments: Caesars Entertainment Resort Properties (CERP), Caesars Growth Partners Casino Properties and Developments (CGP Casinos) and Caesars Interactive Entertainment, Inc (CIE).
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