BidaskClub cut shares of Caesars Entertainment (NASDAQ:CZR) from a sell rating to a strong sell rating in a report published on Saturday morning.

Several other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Caesars Entertainment from a hold rating to a buy rating and set a $13.00 price target for the company in a report on Friday, September 8th. SunTrust Banks initiated coverage on shares of Caesars Entertainment in a research report on Friday, September 15th. They issued a buy rating and a $14.00 price objective on the stock. ValuEngine raised shares of Caesars Entertainment from a sell rating to a hold rating in a research report on Friday, September 1st. Instinet initiated coverage on shares of Caesars Entertainment in a research report on Friday, October 6th. They issued a neutral rating and a $14.00 price objective on the stock. Finally, Nomura initiated coverage on shares of Caesars Entertainment in a research report on Friday, October 6th. They issued a neutral rating and a $14.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $14.39.

Shares of Caesars Entertainment (NASDAQ CZR) opened at $12.75 on Friday. Caesars Entertainment has a twelve month low of $7.05 and a twelve month high of $13.60. The company has a debt-to-equity ratio of -1.69, a quick ratio of 0.48 and a current ratio of 0.48.

In other Caesars Entertainment news, EVP Janis L. Jones sold 26,131 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $12.86, for a total transaction of $336,044.66. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John M. Boushy bought 20,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were bought at an average cost of $12.64 per share, for a total transaction of $252,800.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $252,800. The disclosure for this purchase can be found here. 5.80% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Davidson Kempner Capital Management LP acquired a new stake in Caesars Entertainment during the 2nd quarter valued at approximately $5,378,000. Hosking Partners LLP acquired a new stake in Caesars Entertainment during the 2nd quarter valued at approximately $4,409,000. Monarch Partners Asset Management LLC acquired a new stake in Caesars Entertainment during the 2nd quarter valued at approximately $7,628,000. Eagle Asset Management Inc. acquired a new stake in Caesars Entertainment during the 2nd quarter valued at approximately $18,119,000. Finally, DSAM Partners London Ltd lifted its stake in Caesars Entertainment by 56.8% during the 3rd quarter. DSAM Partners London Ltd now owns 1,317,879 shares of the company’s stock valued at $17,594,000 after acquiring an additional 477,646 shares during the period. Institutional investors and hedge funds own 20.47% of the company’s stock.

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About Caesars Entertainment

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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