Caesars Entertainment Target of Unusually Large Options Trading (NASDAQ:CZR)

Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) was the target of unusually large options trading activity on Tuesday. Traders purchased 26,448 call options on the stock. This represents an increase of approximately 70% compared to the average volume of 15,595 call options.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. American Assets Investment Management LLC purchased a new position in shares of Caesars Entertainment in the 4th quarter worth approximately $318,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Caesars Entertainment during the fourth quarter worth $14,599,000. American Trust boosted its position in Caesars Entertainment by 8.7% in the fourth quarter. American Trust now owns 7,505 shares of the company's stock worth $251,000 after purchasing an additional 601 shares during the last quarter. Mackenzie Financial Corp grew its stake in Caesars Entertainment by 52.3% in the 4th quarter. Mackenzie Financial Corp now owns 10,959 shares of the company's stock valued at $366,000 after purchasing an additional 3,764 shares during the period. Finally, Toronto Dominion Bank increased its position in shares of Caesars Entertainment by 1.1% during the 4th quarter. Toronto Dominion Bank now owns 85,118 shares of the company's stock valued at $2,845,000 after purchasing an additional 920 shares during the last quarter. 91.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JMP Securities reduced their target price on Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price objective on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating on the stock in a research note on Friday, January 3rd. Raymond James decreased their price target on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a research note on Wednesday. Jefferies Financial Group decreased their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Finally, TD Cowen cut their target price on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $50.00.

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Caesars Entertainment Stock Down 3.2 %

CZR stock traded down $0.89 during mid-day trading on Friday, reaching $27.36. 9,460,519 shares of the company traded hands, compared to its average volume of 4,400,418. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The firm's 50 day moving average price is $33.39 and its 200 day moving average price is $36.92. The stock has a market cap of $5.80 billion, a price-to-earnings ratio of -16.38 and a beta of 2.97. Caesars Entertainment has a fifty-two week low of $26.42 and a fifty-two week high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.20. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.81 billion. As a group, equities research analysts predict that Caesars Entertainment will post -0.77 EPS for the current fiscal year.

About Caesars Entertainment

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.