Caesars Entertainment (NASDAQ:CZR) CFO Bret Yunker Sells 208,134 Shares of Stock

Caesars Entertainment, Inc. (NASDAQ:CZR) CFO Bret Yunker sold 208,134 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $29.62, for a total transaction of $6,164,929.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Caesars Entertainment Trading Up 0.4%

Shares of NASDAQ:CZR traded up $0.12 during trading on Friday, reaching $29.76. The company’s stock had a trading volume of 1,355,308 shares, compared to its average volume of 5,822,965. The stock has a market capitalization of $6.06 billion, a PE ratio of -13.05 and a beta of 1.77. Caesars Entertainment, Inc. has a 12 month low of $17.86 and a 12 month high of $30.88. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 3.70. The firm’s 50 day simple moving average is $29.83 and its two-hundred day simple moving average is $27.35.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, July 28th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.35). Caesars Entertainment had a negative return on equity of 7.64% and a negative net margin of 3.99%.The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the firm earned ($0.39) earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. On average, research analysts predict that Caesars Entertainment, Inc. will post -0.9 EPS for the current fiscal year.

Analyst Ratings Changes

CZR has been the subject of several recent analyst reports. Barclays reaffirmed an “equal weight” rating and set a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a research note on Thursday, July 9th. Texas Capital cut shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Susquehanna raised shares of Caesars Entertainment from a “positive” rating to a “positive” rating in a research report on Friday, May 29th. Raymond James Financial downgraded shares of Caesars Entertainment from a “strong-buy” rating to a “market perform” rating in a research note on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $31.00 target price (down from $35.00) on shares of Caesars Entertainment in a research report on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.71.

Institutional Trading of Caesars Entertainment

A number of large investors have recently made changes to their positions in CZR. Ruffer LLP purchased a new position in Caesars Entertainment during the fourth quarter valued at approximately $2,820,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Caesars Entertainment by 246,899,900.0% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,938,000 shares of the company’s stock valued at $115,500,000 after acquiring an additional 4,937,998 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in Caesars Entertainment during the 4th quarter valued at $65,492,000. 1492 Capital Management LLC purchased a new position in shares of Caesars Entertainment in the 1st quarter valued at $1,020,000. Finally, Janus Henderson Group PLC raised its position in shares of Caesars Entertainment by 5.8% in the 1st quarter. Janus Henderson Group PLC now owns 6,529,700 shares of the company’s stock worth $172,582,000 after acquiring an additional 355,760 shares in the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

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.