Insider Selling: Caesars Entertainment Co. (NASDAQ:CZR) VP Sells $199,638.75 in Stock

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Caesars Entertainment Co. (NASDAQ:CZR) VP Les Ottolenghi sold 17,375 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $11.49, for a total transaction of $199,638.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Les Ottolenghi also recently made the following trade(s):

  • On Wednesday, August 14th, Les Ottolenghi sold 17,240 shares of Caesars Entertainment stock. The stock was sold at an average price of $11.44, for a total transaction of $197,225.60.

CZR stock opened at $11.45 on Friday. Caesars Entertainment Co. has a 12-month low of $5.84 and a 12-month high of $12.23. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 6.69. The company has a market cap of $7.86 billion, a price-to-earnings ratio of -60.26 and a beta of 1.40. The company has a 50 day moving average of $11.83 and a two-hundred day moving average of $9.86.

A number of hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System lifted its position in Caesars Entertainment by 37.0% in the 2nd quarter. California Public Employees Retirement System now owns 682,245 shares of the company’s stock worth $8,064,000 after buying an additional 184,345 shares in the last quarter. Voleon Capital Management LP purchased a new stake in Caesars Entertainment in the 2nd quarter worth approximately $7,352,000. Nuveen Asset Management LLC purchased a new stake in Caesars Entertainment in the 2nd quarter worth approximately $24,091,000. UBS Asset Management Americas Inc. lifted its position in Caesars Entertainment by 7.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 567,720 shares of the company’s stock worth $6,710,000 after buying an additional 41,595 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in Caesars Entertainment by 2,395.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 299,172 shares of the company’s stock worth $3,536,000 after buying an additional 287,185 shares in the last quarter.

A number of research firms recently commented on CZR. Deutsche Bank reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, August 7th. BidaskClub raised shares of Caesars Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Morgan Stanley lowered shares of Caesars Entertainment from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $11.00 to $12.50 in a research note on Tuesday, June 25th. ValuEngine raised shares of Caesars Entertainment from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Finally, Nomura lowered shares of Caesars Entertainment from a “buy” rating to a “neutral” rating and set a $12.00 price objective for the company. in a research note on Tuesday, June 25th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $12.08.

About Caesars Entertainment

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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Insider Buying and Selling by Quarter for Caesars Entertainment (NASDAQ:CZR)

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