Caesars Entertainment Corporation (NASDAQ:CZR) has made a 107.2% comeback from a 12-month low price of $5.84. It was seen 1.94% higher, changing the price to $12.09, when the closing bell rang on 7/30/2019. At a recent session, the prices were hovering between $11.7611 and $12.12. This company shares are -6.29% up from its target price of $11.33 and the current market capitalization stands at $8.07B. The recent change has given its price a 13.77% lead over SMA 50 and -1.14% deficit over its 52-week high. The stock witnessed 2.28% gains, 29.17% gains and 40.42% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CZR’s volatility during a week at 1.71% and during a month it has been found around 1.37%.
What Does Caesars Entertainment Corporation (CZR) Do?
The company describes itself in regulatory filings as, “Caesars Entertainment Corp. is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment. Its brands include Aesars, Harrahs, Horseshoe, Wsop, Linq, Caesars and Paris. The company was founded by William Fisk Harrah in 1937 and is headquartered in Las Vegas, NV.” [Text can be found here: https://www.marketwatch.com/investing/stock/CZR/profile under company description.]Caesars Entertainment Corporation (CZR) Top Holders
Institutional investors currently hold around $9.32 billion or 2.27% in CZR stock. Look at its top three institutional owners: Icahn Carl C owns $1.18 billion in Caesars Entertainment Corporation, which represents roughly 14.59% of the company’s market cap and approximately 12.63% of the institutional ownership. Similar statistics are true for the second largest owner, Canyon Capital Advisors Llc, which owns 77,581,861 shares of the stock are valued at $920.12 million. The third largest holder is Blackrock Inc., which currently holds $617.1 million worth of this stock and that ownership represents nearly 7.65% of its market capitalization.
At the end of March reporting period, 209 institutional holders increased their position in Caesars Entertainment Corporation (NASDAQ:CZR) by some 327,543,501 shares, 147 decreased positions by 259,269,851 and 22 held positions by 198,852,005. That puts total institutional holdings at 785,665,357 shares, according to SEC filings. The stock grabbed 96 new institutional investments totaling 169,602,086 shares while 67 institutional investors sold out their entire positions totaling 175,392,528 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 Executive VP and CIO Ottolenghi Les has sold 28,500 shares of Caesars Entertainment Corporation (CZR) in the trading session dated Mar. 12, 2019. These shares are worth $245,385 and were traded at $8.61 each. The SEC filing shows that Ottolenghi Les performed a sale of 51,720 shares. The Executive VP and CIO disposed these shares by way of transaction on Mar. 08, 2019. The company’s shares were given away at $8.59 per share worth to an income of some $444,275 to the account of Ottolenghi Les.
Director, CHUGG JULIANA L, purchased 15,675 common shares of Caesars Entertainment Corporation (CZR) in the open market. In a transaction dated Dec. 21, 2018, the shares were bought at an average price of $6.38, giving away a sum of $100,007. After this purchase, 23,737 common shares of CZR are directly owned by the insider, with total stake valued at $286,980.
In the transaction dated Dec. 21, 2018, a great number of shares acquired came courtesy the Director; KORNSTEIN DON R added a total of 20,000 shares at an average price of $6.29, amounting to approximately $125,800. The insider now directly owns 103,552 shares worth $1,251,944.Caesars Entertainment Corporation (CZR) Analyst Guide
Several analysts have released their opinion on Caesars Entertainment Corporation (NASDAQ:CZR), with 1 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.56 average brokerage recommendation [T1].