Is Buying Caesars Entertainment Corporation (NASDAQ:CZR) Here Good Idea?

September 17, 2017 - By Marguerite Chambers

 Is Buying Caesars Entertainment Corporation (NASDAQ:CZR) Here Good Idea?

Investors sentiment increased to 1.38 in Q4 2016. Its up 0.23, from 1.15 in 2016Q3. It is positive, as 17 investors sold Caesars Entertainment Corp shares while 25 reduced holdings. 23 funds opened positions while 35 raised stakes. 94.32 million shares or 1.05% more from 93.34 million shares in 2016Q3 were reported.
Creative Planning owns 0% invested in Caesars Entertainment Corp (NASDAQ:CZR) for 2,000 shares. Everpoint Asset Limited Liability Corp reported 895,584 shares stake. Bridgeway Cap Mgmt owns 221,600 shares. Deutsche Natl Bank Ag accumulated 265,480 shares. Cornerstone reported 143,334 shares stake. Moreover, Blackrock Limited Liability has 0% invested in Caesars Entertainment Corp (NASDAQ:CZR) for 229,556 shares. Apollo Holdg Lp reported 26.50M shares. Credit Suisse Ag stated it has 0% in Caesars Entertainment Corp (NASDAQ:CZR). Price T Rowe Associates Md reported 0% stake. Starwood Capital Grp Mgmt Ltd Liability reported 2.42M shares or 5.8% of all its holdings. D E Shaw & Communication holds 0% or 204,276 shares in its portfolio. Wells Fargo And Mn stated it has 0% of its portfolio in Caesars Entertainment Corp (NASDAQ:CZR). Amer Gp holds 0% of its portfolio in Caesars Entertainment Corp (NASDAQ:CZR) for 32,448 shares. Ny State Common Retirement Fund holds 50,600 shares or 0% of its portfolio. Tiaa Cref Mgmt Ltd Liability Corp has invested 0% in Caesars Entertainment Corp (NASDAQ:CZR).

The stock of Caesars Entertainment Corporation (NASDAQ:CZR) registered an increase of 9.01% in short interest. CZR’s total short interest was 37.62M shares in September as published by FINRA. Its up 9.01% from 34.51 million shares, reported previously. With 2.11 million shares average volume, it will take short sellers 18 days to cover their CZR’s short positions. The short interest to Caesars Entertainment Corporation’s float is 86.63%.

The stock increased 0.84% or $0.1 on September 15, reaching $11.95. About 4.96M shares traded or 161.05% up from the average. Caesars Entertainment Corp (NASDAQ:CZR) has risen 62.44% since September 17, 2016 and is uptrending. It has outperformed by 45.74% the S&P500.

Caesars Entertainment Corporation is a holding company. The company has market cap of $1.78 billion. The Firm provides casino-entertainment and hospitality services. It currently has negative earnings. The Company’s divisions include Caesars Entertainment Resort Properties, LLC , Caesars Growth Partners, LLC (CGP) and Other.

Caesars Entertainment Corp (NASDAQ:CZR) Ratings Coverage

Among 3 analysts covering Caesars Entertainment (NASDAQ:CZR), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Caesars Entertainment had 4 analyst reports since December 14, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Underweight” on Monday, December 14. On Wednesday, May 31 the stock rating was initiated by Oppenheimer with “Buy”. The rating was maintained by Oppenheimer on Tuesday, June 6 with “Buy”.

More important recent Caesars Entertainment Corp (NASDAQ:CZR) news were published by: Reviewjournal.com which released: “Nevada pursues more business information for database” on September 01, 2017, also Prnewswire.com published article titled: “Caesars Entertainment Corporation to Participate in the Bank of America …”, Reviewjournal.com published: “2 Southern Nevada gaming titans jump on winding down of DACA” on September 10, 2017. More interesting news about Caesars Entertainment Corp (NASDAQ:CZR) was released by: Reviewjournal.com and their article: “Caesars unit clears Nevada hurdle in bankruptcy emergence” with publication date: August 24, 2017.

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