Caesars Entertainment Corporation (NASDAQ:CZR) saw a large growth in short interest in the month of September. As of September 29th, there was short interest totalling 39,780,733 shares, a growth of 8.5% from the September 15th total of 36,667,318 shares. Approximately 34.0% of the company’s shares are sold short. Based on an average daily trading volume, of 5,205,936 shares, the short-interest ratio is currently 7.6 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Davidson Kempner Capital Management LP acquired a new stake in Caesars Entertainment Corporation in the second quarter valued at $5,378,000. The Manufacturers Life Insurance Company increased its holdings in Caesars Entertainment Corporation by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 47,153 shares of the company’s stock valued at $566,000 after purchasing an additional 118 shares during the period. C M Bidwell & Associates Ltd. increased its holdings in Caesars Entertainment Corporation by 29.3% in the second quarter. C M Bidwell & Associates Ltd. now owns 27,420 shares of the company’s stock valued at $329,000 after purchasing an additional 6,215 shares during the period. Caxton Associates LP acquired a new stake in Caesars Entertainment Corporation in the second quarter valued at $3,323,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in Caesars Entertainment Corporation in the second quarter valued at $973,000. Institutional investors and hedge funds own 76.68% of the company’s stock.

Several equities research analysts have recently commented on CZR shares. BidaskClub cut Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Imperial Capital started coverage on Caesars Entertainment Corporation in a research note on Wednesday, July 19th. They issued an “outperform” rating and a $15.50 target price for the company. Wolfe Research started coverage on Caesars Entertainment Corporation in a research note on Friday, July 21st. They issued an “outperform” rating and a $16.00 target price for the company. Zacks Investment Research cut Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, ValuEngine cut Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Caesars Entertainment Corporation has a consensus rating of “Hold” and an average target price of $14.39.

Caesars Entertainment Corporation (CZR) opened at 12.25 on Thursday. The stock has a 50 day moving average price of $12.16 and a 200 day moving average price of $11.64. Caesars Entertainment Corporation has a 52-week low of $6.70 and a 52-week high of $13.60. The company’s market capitalization is $1.83 billion.

Caesars Entertainment Corporation (NASDAQ:CZR) last posted its quarterly earnings data on Thursday, August 3rd. The company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.47). The company had revenue of $1 billion during the quarter, compared to analyst estimates of $2.11 billion. Analysts anticipate that Caesars Entertainment Corporation will post $0.06 EPS for the current fiscal year.

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About Caesars Entertainment Corporation

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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