By otakuyassine3@gmail.com 
Caesars Entertainment, Inc. (NASDAQ:CZR – Get Free Report) was the target of unusually large options trading on Friday. Traders purchased 42,991 put options on the company. This represents an increase of approximately 203% compared to the average daily volume of 14,178 put options.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Signaturefd LLC grew its stake in Caesars Entertainment by 9.8% during the 3rd quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock worth $116,000 after buying an additional 248 shares during the last quarter. Assetmark Inc. grew its position in Caesars Entertainment by 8.0% during the 3rd quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock worth $144,000 after purchasing an additional 256 shares during the last quarter. Private Advisor Group LLC increased its stake in Caesars Entertainment by 3.0% during the 3rd quarter. Private Advisor Group LLC now owns 10,850 shares of the company’s stock valued at $453,000 after purchasing an additional 317 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Caesars Entertainment by 25.1% in the third quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock worth $84,000 after buying an additional 403 shares during the last quarter. Finally, Fiduciary Family Office LLC lifted its stake in shares of Caesars Entertainment by 1.7% during the third quarter. Fiduciary Family Office LLC now owns 25,215 shares of the company’s stock worth $1,052,000 after buying an additional 424 shares during the period. 91.79% of the stock is owned by institutional investors.
Caesars Entertainment Trading Down 1.4 %
NASDAQ CZR traded down $0.45 on Friday, hitting $32.14. 1,483,485 shares of the stock were exchanged, compared to its average volume of 3,049,151. The stock has a fifty day moving average price of $37.58 and a two-hundred day moving average price of $38.40. The firm has a market capitalization of $6.83 billion, a P/E ratio of -19.25 and a beta of 2.89. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment has a 52-week low of $31.74 and a 52-week high of $47.99.
Caesars Entertainment (NASDAQ:CZR – Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.25). The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. Caesars Entertainment’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. Research analysts forecast that Caesars Entertainment will post -0.56 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on CZR. Macquarie reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Caesars Entertainment in a research report on Wednesday, October 30th. Barclays reduced their price target on shares of Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. Morgan Stanley boosted their price objective on shares of Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. cut their target price on shares of Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday. Finally, StockNews.com raised Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Caesars Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of $52.43.
Read Our Latest Analysis on CZR
About Caesars Entertainment
Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.
Further Reading
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