Nationwide Fund Advisors lifted its stake in shares of Caesars Entertainment Corp (NASDAQ:CZR) by 182.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,311 shares of the company’s stock after acquiring an additional 58,959 shares during the quarter. Nationwide Fund Advisors owned about 0.06% of Caesars Entertainment worth $1,219,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of CZR. Teachers Advisors LLC grew its position in Caesars Entertainment by 9.1% in the first quarter. Teachers Advisors LLC now owns 101,025 shares of the company’s stock worth $965,000 after buying an additional 8,428 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Caesars Entertainment in the second quarter worth approximately $586,000. Schwab Charles Investment Management Inc. grew its position in Caesars Entertainment by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 522,197 shares of the company’s stock worth $6,267,000 after buying an additional 9,897 shares during the last quarter. First Trust Advisors LP grew its position in Caesars Entertainment by 56.0% in the second quarter. First Trust Advisors LP now owns 207,456 shares of the company’s stock worth $2,489,000 after buying an additional 74,497 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Caesars Entertainment by 5.7% in the second quarter. Rhumbline Advisers now owns 70,215 shares of the company’s stock worth $843,000 after buying an additional 3,805 shares during the last quarter. Institutional investors and hedge funds own 20.46% of the company’s stock.
In other news, EVP Janis L. Jones sold 26,131 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $12.86, for a total transaction of $336,044.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John M. Boushy acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were bought at an average price of $12.64 per share, for a total transaction of $252,800.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $252,800. The disclosure for this purchase can be found here. 5.80% of the stock is currently owned by company insiders.
Caesars Entertainment Corp (CZR) opened at $13.15 on Friday. The firm has a market cap of $9,260.00, a price-to-earnings ratio of -0.64 and a beta of 0.31. The company has a debt-to-equity ratio of -1.69, a quick ratio of 0.48 and a current ratio of 0.48. Caesars Entertainment Corp has a twelve month low of $8.50 and a twelve month high of $13.60.
CZR has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Nomura began coverage on shares of Caesars Entertainment in a research note on Friday, October 6th. They set a “neutral” rating and a $14.00 target price for the company. ValuEngine lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Monday, December 4th. Finally, SunTrust Banks began coverage on shares of Caesars Entertainment in a research note on Friday, September 15th. They set a “buy” rating and a $14.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.39.
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About Caesars Entertainment
Caesars Entertainment Corporation is a holding company. The Company provides casino-entertainment and hospitality services. The Company’s segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company’s resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.
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