Shares of Caesars Entertainment Corp (NASDAQ:CZR) reached a new 52-week high on Thursday . The company traded as high as $13.95 and last traded at $13.93, with a volume of 14387651 shares. The stock had previously closed at $13.40.

CZR has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Monday, December 4th. BidaskClub cut shares of Caesars Entertainment from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Instinet began coverage on shares of Caesars Entertainment in a research note on Friday, October 6th. They issued a “neutral” rating and a $14.00 price target for the company. Oppenheimer reissued a “buy” rating and issued a $15.00 price target on shares of Caesars Entertainment in a research note on Thursday, November 30th. Finally, Nomura began coverage on shares of Caesars Entertainment in a research note on Friday, October 6th. They issued a “neutral” rating and a $14.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $14.35.

The company has a debt-to-equity ratio of -1.69, a current ratio of 0.48 and a quick ratio of 0.48. The stock has a market capitalization of $9,680.00, a P/E ratio of -0.67 and a beta of 0.31.

In other Caesars Entertainment news, Director John M. Boushy acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was bought at an average price of $12.64 per share, with a total value of $252,800.00. Following the purchase, the director now owns 20,000 shares of the company’s stock, valued at $252,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Janis L. Jones sold 26,131 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $12.86, for a total transaction of $336,044.66. The disclosure for this sale can be found here. 4.60% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Hamilton Lane Advisors LLC purchased a new stake in shares of Caesars Entertainment in the 4th quarter valued at $24,118,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Caesars Entertainment by 63.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 843,417 shares of the company’s stock valued at $10,670,000 after purchasing an additional 326,796 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Caesars Entertainment by 1,419.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 549,902 shares of the company’s stock valued at $7,341,000 after purchasing an additional 513,719 shares in the last quarter. Davidson Kempner Capital Management LP boosted its stake in shares of Caesars Entertainment by 267.9% in the 3rd quarter. Davidson Kempner Capital Management LP now owns 1,655,745 shares of the company’s stock valued at $22,104,000 after purchasing an additional 1,205,745 shares in the last quarter. Finally, Cowen Inc. purchased a new stake in shares of Caesars Entertainment in the 3rd quarter valued at $334,000. 20.46% of the stock is owned by institutional investors.

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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.

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