Caesars Entertainment Co. (NASDAQ:CZR) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 115,960,456 shares, a decline of 3.5% from the April 15th total of 120,155,345 shares. Currently, 17.8% of the company’s shares are short sold. Based on an average daily trading volume, of 18,077,918 shares, the short-interest ratio is currently 6.4 days.

CZR opened at $9.02 on Friday. Caesars Entertainment has a 1-year low of $5.84 and a 1-year high of $12.70. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 6.02. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of -47.47 and a beta of 1.21.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.13). Caesars Entertainment had a net margin of 1.41% and a negative return on equity of 9.84%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the firm posted ($0.05) earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts predict that Caesars Entertainment will post -0.39 earnings per share for the current year.

In related news, VP Les Ottolenghi sold 17,240 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $8.74, for a total value of $150,677.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 97,460 shares of company stock worth $840,337. 0.51% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Oaktree Capital Management LP bought a new stake in shares of Caesars Entertainment during the fourth quarter worth about $67,900,000. Gabelli Funds LLC bought a new stake in shares of Caesars Entertainment during the fourth quarter worth about $762,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Caesars Entertainment by 8.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,676 shares of the company’s stock worth $269,000 after acquiring an additional 3,087 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in shares of Caesars Entertainment during the fourth quarter worth about $4,753,000. Finally, Toronto Dominion Bank bought a new stake in shares of Caesars Entertainment during the fourth quarter worth about $8,458,000.

CZR has been the topic of several recent analyst reports. Credit Suisse Group restated an “outperform” rating and issued a $13.00 target price on shares of Caesars Entertainment in a report on Wednesday, March 20th. Zacks Investment Research downgraded shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research note on Friday, March 1st. UBS Group lifted their price target on shares of Caesars Entertainment from $7.00 to $9.50 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. BidaskClub downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $11.00 price target on shares of Caesars Entertainment in a research note on Monday, February 25th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.50.

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Caesars Entertainment Company Profile

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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