Caesars Entertainment Sees Unusually Large Options Volume (NASDAQ:CZR)

Caesars Entertainment, Inc. (NASDAQ:CZR) saw some unusual options trading on Tuesday. Stock traders bought 19,839 call options on the company. This represents an increase of 49% compared to the typical volume of 13,314 call options.

Institutional Trading of Caesars Entertainment

A number of institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. increased its stake in shares of Caesars Entertainment by 1.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 25,652 shares of the company’s stock valued at $728,000 after acquiring an additional 476 shares during the period. CoreCap Advisors LLC increased its position in shares of Caesars Entertainment by 44.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock valued at $37,000 after purchasing an additional 488 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in shares of Caesars Entertainment by 1.0% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 52,133 shares of the company’s stock worth $1,220,000 after buying an additional 493 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Caesars Entertainment by 110.6% in the third quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock valued at $26,000 after buying an additional 510 shares during the period. Finally, Resona Asset Management Co. Ltd. grew its holdings in Caesars Entertainment by 30.3% during the second quarter. Resona Asset Management Co. Ltd. now owns 2,357 shares of the company’s stock worth $68,000 after acquiring an additional 548 shares during the period. 91.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CZR shares. Citizens Jmp decreased their price objective on shares of Caesars Entertainment from $40.00 to $37.00 and set a “market outperform” rating for the company in a research report on Wednesday, October 29th. Wells Fargo & Company started coverage on shares of Caesars Entertainment in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $21.00 price target for the company. Citigroup reissued a “market outperform” rating on shares of Caesars Entertainment in a report on Monday, December 1st. Macquarie Infrastructure cut their target price on Caesars Entertainment from $40.00 to $33.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Finally, Zacks Research cut Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $34.61.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock traded up $0.21 during trading hours on Tuesday, reaching $18.35. The stock had a trading volume of 3,765,997 shares, compared to its average volume of 5,786,962. The stock’s 50 day moving average is $22.91 and its 200 day moving average is $23.46. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 6.23. Caesars Entertainment has a twelve month low of $17.86 and a twelve month high of $39.86. The firm has a market capitalization of $3.74 billion, a PE ratio of -15.96, a PEG ratio of 23.49 and a beta of 2.03.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.