Caesars Entertainment, Inc. (NASDAQ:CZR) Short Interest Update

Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 23,890,000 shares, an increase of 35.6% from the February 28th total of 17,620,000 shares. Approximately 11.3% of the shares of the stock are short sold. Based on an average daily volume of 5,150,000 shares, the short-interest ratio is presently 4.6 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CZR shares. Barclays decreased their target price on Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Macquarie lowered their target price on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Wells Fargo & Company cut their target price on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Raymond James decreased their price target on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, March 19th. Finally, Stifel Nicolaus dropped their price objective on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Caesars Entertainment currently has a consensus rating of "Moderate Buy" and an average target price of $49.80.

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Caesars Entertainment Trading Down 2.5 %

Shares of CZR traded down $0.59 during mid-day trading on Friday, reaching $23.18. 10,236,542 shares of the company's stock traded hands, compared to its average volume of 4,700,441. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The stock's 50-day moving average is $32.06 and its two-hundred day moving average is $36.26. Caesars Entertainment has a 12 month low of $21.44 and a 12 month high of $45.93. The stock has a market cap of $4.91 billion, a P/E ratio of -13.88 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.20. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Research analysts forecast that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Caesars Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors increased its position in shares of Caesars Entertainment by 14.8% during the fourth quarter. Capital Research Global Investors now owns 19,811,919 shares of the company's stock worth $662,088,000 after acquiring an additional 2,555,876 shares during the period. Norges Bank purchased a new position in Caesars Entertainment during the 4th quarter worth $75,058,000. Janus Henderson Group PLC increased its holdings in Caesars Entertainment by 18.7% during the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company's stock worth $526,309,000 after purchasing an additional 1,983,151 shares during the period. Cohen & Steers Inc. raised its position in Caesars Entertainment by 14.8% during the 4th quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company's stock valued at $487,265,000 after purchasing an additional 1,882,728 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Caesars Entertainment in the 4th quarter worth $57,629,000. Institutional investors own 91.79% of the company's stock.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.