Caesars Entertainment Corporation (CZR) loses confidence of 45 hedge fund managers

Caesars Entertainment Corporation (NASDAQ:CZR) is on recovery track with 24.56% gain from a 1-year low price of $8.55. The company added 1.91% to attain the price of $10.65 on 09/14/2018. Throughout the recent session, the prices were hovering between $10.45 and $10.8. These shares are 29.11% off its target price of $13.75 and the current market capitalization stands at $7.25B. The recent change has given its price a 1.29% lead over SMA 50 and -26.55% deficit over its 52-week high. The stock witnessed 14.52% gains, -6.17% declines and -16.47% 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 3.96% and during a month it has been found around 3.62%.

Caesars Entertainment Corporation (CZR) Top Holders

Institutional investors currently hold around $8.42 billion or 0% in CZR stock. Look at its top three institutional owners. Canyon Capital Advisors Llc owns $722.48 million in Caesars Entertainment Corporation, which represents roughly 9.97% of the company’s market cap and approximately 8.58% of the institutional ownership. Similar statistics are true for the second largest owner, Senator Investment Group Lp, which owns 54,000,000 shares of the stock are valued at $575.1 million. The third largest holder is Apollo Management Holdings, L.P., which currently holds $531.26 million worth of this stock and that ownership represents nearly 7.33% of its market capitalization.

Caesars Entertainment Corporation 13F Filings

At the end of June reporting period, 175 institutional holders increased their position in Caesars Entertainment Corporation (NASDAQ:CZR) by some 154,675,875 shares, 117 decreased positions by 66,999,362 and 31 held positions by 569,000,000. That puts total institutional holdings at 790,000,000 shares, according to SEC filings. The stock grabbed 56 new institutional investments totaling 15,600,866 shares while 45 institutional investors sold out their entire positions totaling 14,737,199 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 & Chief Marketing Officer Holdren Christopher J. has acquired 5,000 shares of Caesars Entertainment Corporation (CZR) in trading session dated Aug. 07, 2018. These shares are worth $49,250 and were traded at $9.85 each. The SEC filing shows that Boushy John M performed a purchase of 10,000 shares. The Director added these shares by way of transaction on Aug. 07, 2018. The company’s shares were assimilated at $9.95 per share worth to an investment of some $99,500 on account of Boushy John M.

EVP,CFO, Hession Eric A, purchased 10,000 common shares of Caesars Entertainment Corporation (CZR) in the open market. In a transaction dated Aug. 03, 2018, the shares were bought at an average price of $9.54, giving away a sum of $95,400. After this purchase, 607,248 common shares of CZR are directly owned by the insider, with total stake valued at $6,467,191.

In the transaction dated Aug. 03, 2018, the great number of shares acquired came courtesy the President and CEO; Frissora Mark P added a total of 100,000 shares at an average price of $9.55, amounting to approximately $955,000. The insider now directly owns 597,207 shares worth $6,360,255.

Caesars Entertainment Corporation (CZR) Analyst Guide

Several analysts have released their opinion on Caesars Entertainment Corporation (NASDAQ:CZR), with 6 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 1.29 average brokerage recommendation.