Caesars Entertainment Corporation (NASDAQ:CZR) was the target of unusually large options trading activity on Monday. Stock traders purchased 34,294 call options on the company. This represents an increase of 1,002% compared to the average daily volume of 3,111 call options.

Several hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its stake in shares of Caesars Entertainment Corporation by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 47,153 shares of the company’s stock worth $566,000 after acquiring an additional 118 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Caesars Entertainment Corporation by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 90,530 shares of the company’s stock worth $1,088,000 after acquiring an additional 1,110 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Caesars Entertainment Corporation by 3.0% during the first quarter. Wells Fargo & Company MN now owns 43,804 shares of the company’s stock worth $418,000 after acquiring an additional 1,273 shares in the last quarter. American International Group Inc. raised its stake in shares of Caesars Entertainment Corporation by 7.1% during the first quarter. American International Group Inc. now owns 34,743 shares of the company’s stock worth $332,000 after acquiring an additional 2,295 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Caesars Entertainment Corporation by 10.1% during the first quarter. Metropolitan Life Insurance Co. NY now owns 38,533 shares of the company’s stock worth $368,000 after acquiring an additional 3,525 shares in the last quarter. 76.68% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have weighed in on CZR. Zacks Investment Research lowered shares of Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a report on Monday. BidaskClub raised shares of Caesars Entertainment Corporation from a “hold” rating to a “buy” rating in a report on Tuesday. ValuEngine raised shares of Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. SunTrust Banks, Inc. began coverage on shares of Caesars Entertainment Corporation in a report on Friday, September 15th. They set a “buy” rating and a $14.00 target price on the stock. Finally, Imperial Capital began coverage on shares of Caesars Entertainment Corporation in a report on Wednesday, July 19th. They set an “outperform” rating and a $15.50 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $14.50.

Shares of Caesars Entertainment Corporation (CZR) opened at 13.40 on Thursday. The company’s market capitalization is $2.00 billion. The firm’s 50-day moving average is $12.02 and its 200-day moving average is $11.52. Caesars Entertainment Corporation has a 12-month low of $6.70 and a 12-month high of $13.60.

Caesars Entertainment Corporation (NASDAQ:CZR) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.47). The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $2.11 billion. On average, equities analysts predict that Caesars Entertainment Corporation will post $0.06 EPS for the current year.

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Caesars Entertainment Corporation Company Profile

Caesars Entertainment Corporation is a holding company. The Company provides casino-entertainment and hospitality services. The Company’s segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company’s facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options.

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