Caesars Entertainment Corp (NASDAQ:CZR) – Research analysts at Oppenheimer lowered their Q4 2017 EPS estimates for shares of Caesars Entertainment in a report released on Thursday. Oppenheimer analyst I. Zaffino now anticipates that the company will post earnings of $0.09 per share for the quarter, down from their previous forecast of $0.10. Oppenheimer currently has a “Buy” rating and a $15.00 target price on the stock.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, December 4th. BidaskClub downgraded shares of Caesars Entertainment from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th. Jefferies Group initiated coverage on shares of Caesars Entertainment in a research report on Thursday, January 18th. They set a “hold” rating and a $14.00 target price on the stock. ValuEngine downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, SunTrust Banks restated an “average” rating and set a $16.00 target price on shares of Caesars Entertainment in a research report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.55.

Caesars Entertainment (NASDAQ CZR) opened at $12.25 on Monday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of -1.69. Caesars Entertainment has a 52-week low of $8.50 and a 52-week high of $14.50. The stock has a market cap of $8,630.00, a PE ratio of -0.60 and a beta of 0.26.

In related news, Director John M. Boushy purchased 20,000 shares of the stock in a transaction dated Wednesday, December 6th. The stock was bought at an average cost of $12.64 per share, with a total value of $252,800.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $252,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Janis L. Jones sold 26,131 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $12.86, for a total value of $336,044.66. The disclosure for this sale can be found here. Corporate insiders own 5.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Long Pond Capital LP bought a new stake in shares of Caesars Entertainment in the 4th quarter valued at about $88,898,000. North Fourth Asset Management LP bought a new stake in shares of Caesars Entertainment in the 4th quarter valued at about $11,093,000. Water Island Capital LLC bought a new stake in shares of Caesars Entertainment in the 4th quarter valued at about $6,907,000. Bogle Investment Management L P DE bought a new stake in shares of Caesars Entertainment in the 4th quarter valued at about $1,315,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Caesars Entertainment in the 4th quarter valued at about $1,478,000. 20.78% of the stock is owned by institutional investors.

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Caesars Entertainment 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 resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.

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