Caesars Entertainment, Inc. (NASDAQ:CZR) Short Interest Update

Caesars Entertainment, Inc. (NASDAQ:CZR) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 28,910,605 shares, a drop of 21.4% from the November 30th total of 36,763,766 shares. Approximately 14.3% of the company’s shares are sold short. Based on an average trading volume of 6,789,916 shares, the days-to-cover ratio is currently 4.3 days. Based on an average trading volume of 6,789,916 shares, the days-to-cover ratio is currently 4.3 days. Approximately 14.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. JFS Wealth Advisors LLC grew its holdings in Caesars Entertainment by 508.5% in the second quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock worth $25,000 after purchasing an additional 722 shares during the last quarter. Hantz Financial Services Inc. increased its position in Caesars Entertainment by 110.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock valued at $26,000 after buying an additional 510 shares in the last quarter. Mather Group LLC. purchased a new stake in Caesars Entertainment in the third quarter valued at about $28,000. Sunbelt Securities Inc. grew its stake in shares of Caesars Entertainment by 181.6% during the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock worth $28,000 after acquiring an additional 672 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Caesars Entertainment by 52.0% during the second quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock valued at $30,000 after acquiring an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 3.0%

Caesars Entertainment stock opened at $24.04 on Tuesday. Caesars Entertainment has a twelve month low of $18.25 and a twelve month high of $40.00. The business has a fifty day moving average of $22.15 and a two-hundred day moving average of $25.09. The firm has a market cap of $4.91 billion, a P/E ratio of -20.90 and a beta of 2.04. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 6.23.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, October 28th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). Caesars Entertainment had a negative return on equity of 5.76% and a negative net margin of 2.12%.The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter last year, the company earned ($0.04) earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. On average, analysts forecast that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CZR has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Caesars Entertainment from $50.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Citigroup restated a “market outperform” rating on shares of Caesars Entertainment in a report on Monday, December 1st. JMP Securities decreased their price objective on shares of Caesars Entertainment from $41.00 to $40.00 and set a “market outperform” rating for the company in a report on Friday, October 17th. Macquarie lowered their price objective on shares of Caesars Entertainment from $40.00 to $33.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Finally, Zacks Research raised shares of Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $35.33.

About Caesars Entertainment

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.