Are Hedge Funds Betting Against Caesars Entertainment Corporation (CZR)?

Caesars Entertainment Corporation (NASDAQ:CZR) produced a 19.57% rally since recording the worst price of $9.20. Thanks to the latest -4.35% decrease, it now trades at $11. Throughout the trading on 04/06/2018, the share price floated between $10.8 and $11.475. This company shares are 41.64% off its target price of $15.58 and the current market capitalization stands at $8.01B. The recent change has given its price a -12.67% deficit over SMA 50 and -24.14% deficit over its 52-week high. The stock witnessed -12% declines, -14.73% declines and -17.91% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CZR’s volatility during a week at 5.33% and during a month it has been found around 4.6%.

Caesars Entertainment Corporation (CZR) Top Holders

Institutional investors currently hold around $7.34 billion or 96.1% in CZR stock. Look at its top three institutional owners. Tpg Group Holdings (Sbs) Advisors, Inc. owns $596.25 million in Caesars Entertainment Corporation, which represents roughly 7.44% of the company’s market cap and approximately 8.13% of the institutional ownership. Similar statistics are true for the second largest owner, Apollo Management Holdings, L.P., which owns 50,412,963 shares of the stock are valued at $554.54 million. The third largest holder is Canyon Capital Advisors Llc, which currently holds $486.97 million worth of this stock and that ownership represents nearly 6.08% of its market capitalization.

Caesars Entertainment Corporation 13F Filings

At the end of 12/31/2017 reporting period, 221 institutional holders increased their position in Caesars Entertainment Corporation (NASDAQ:CZR) by some 463,843,881 shares, 80 decreased positions by 66,750,433 and 6 held positions by 136,308,018. That puts total institutional holdings at 666,902,332 shares, according to SEC filings. The stock grabbed 134 new institutional investments totaling 198,410,957 shares while 30 institutional investors sold out their entire positions totaling 10,069,129 shares.

Caesars Entertainment Corporation (NASDAQ:CZR) Insider Trades

Multiple company employees have indulged in significant insider trading. Caesars Entertainment Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP/ Gen Cnsl/Chief Legal RSO Donovan Timothy R has sold 5,354 shares of Caesars Entertainment Corporation (CZR) in trading session dated Mar. 20, 2018. These shares are worth $66,818 and were traded at $12.48 each. The SEC filing shows that Boushy John M performed a purchase of 20,000 shares. The Director added these shares by way of transaction on Dec. 06, 2017. The company’s shares were assimilated at $12.64 per share worth to an investment of some $252,800 on account of Boushy John M.

EVP Public Policy & Corp Resp, Jones Janis L, sold 26,131 common shares of Caesars Entertainment Corporation (CZR) in the open market. In a transaction dated Dec. 05, 2017, the shares were put up for sale at an average price of $12.86, raking in a sum of $336,045. After this sale, 237,891 common shares of CZR are directly owned by the insider, with total stake valued at $2,616,801.

In the transaction dated Dec. 20, 2016, the great number of shares disposed came courtesy the Chairman; Loveman Gary W disposed a total of 75,000 shares at an average price of $7.33, amounting to approximately $549,750. The insider now directly owns 303,029 shares worth $3,333,319.

Caesars Entertainment Corporation (CZR) Analyst Guide

Several analysts have released their opinion on Caesars Entertainment Corporation (NASDAQ:CZR), with 4 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.4 average brokerage recommendation.

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