Caesars Entertainment Corporation (NASDAQ:CZR) saw some unusual options trading activity on Thursday. Stock traders acquired 25,606 call options on the company. This represents an increase of approximately 1,189% compared to the typical daily volume of 1,986 call options.

A number of large investors have recently modified their holdings of CZR. The Manufacturers Life Insurance Company boosted its stake in shares of Caesars Entertainment Corporation by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 47,153 shares of the company’s stock worth $566,000 after buying an additional 118 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Caesars Entertainment Corporation by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 90,530 shares of the company’s stock worth $1,088,000 after buying an additional 1,110 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Caesars Entertainment Corporation by 3.0% in the first quarter. Wells Fargo & Company MN now owns 43,804 shares of the company’s stock worth $418,000 after buying an additional 1,273 shares during the last quarter. American International Group Inc. boosted its stake in shares of Caesars Entertainment Corporation by 7.1% in the first quarter. American International Group Inc. now owns 34,743 shares of the company’s stock worth $332,000 after buying an additional 2,295 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Caesars Entertainment Corporation by 10.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 38,533 shares of the company’s stock worth $368,000 after buying an additional 3,525 shares during the last quarter. 76.68% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on CZR shares. Imperial Capital started coverage on shares of Caesars Entertainment Corporation in a research note on Wednesday, July 19th. They set an “outperform” rating and a $15.50 target price on the stock. Wolfe Research started coverage on shares of Caesars Entertainment Corporation in a research note on Friday, July 21st. They set an “outperform” rating and a $16.00 target price on the stock. Zacks Investment Research cut shares of Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. ValuEngine cut shares of Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, BidaskClub cut shares of Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $14.58.

Caesars Entertainment Corporation (CZR) opened at 11.30 on Tuesday. The stock’s market cap is $1.69 billion. Caesars Entertainment Corporation has a 1-year low of $5.39 and a 1-year high of $13.45. The company’s 50 day moving average is $12.19 and its 200-day moving average is $10.94.

Caesars Entertainment Corporation (NASDAQ:CZR) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.47. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $2.11 billion. Equities research analysts forecast that Caesars Entertainment Corporation will post $0.06 earnings per share for the current fiscal year.

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Caesars Entertainment Corporation 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 facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options.

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