Caesars Entertainment Corp (NASDAQ:CZR) saw some unusual options trading activity on Friday. Stock traders acquired 91,702 call options on the company. This represents an increase of approximately 3,159% compared to the typical daily volume of 2,814 call options.

Shares of Caesars Entertainment (NASDAQ CZR) opened at $13.05 on Monday. The company has a market cap of $9,188.91, a price-to-earnings ratio of -0.65 and a beta of 0.31. Caesars Entertainment has a one year low of $8.50 and a one year high of $13.60. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of -1.69.

In other news, Director John M. Boushy bought 20,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were bought at an average price of $12.64 per share, for a total transaction of $252,800.00. Following the purchase, the director now owns 20,000 shares in the company, valued at $252,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Janis L. Jones sold 26,131 shares of Caesars Entertainment stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $12.86, for a total transaction of $336,044.66. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Neuberger Berman Group LLC raised its position in shares of Caesars Entertainment by 1,419.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 549,902 shares of the company’s stock valued at $7,341,000 after buying an additional 513,719 shares in the last quarter. Davidson Kempner Capital Management LP raised its position in shares of Caesars Entertainment by 267.9% during the 3rd quarter. Davidson Kempner Capital Management LP now owns 1,655,745 shares of the company’s stock valued at $22,104,000 after buying an additional 1,205,745 shares in the last quarter. Cowen Inc. purchased a new stake in shares of Caesars Entertainment during the 3rd quarter valued at about $334,000. Graham Capital Management L.P. purchased a new stake in shares of Caesars Entertainment during the 3rd quarter valued at about $763,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Caesars Entertainment during the 3rd quarter valued at about $3,095,000. Institutional investors and hedge funds own 20.46% of the company’s stock.

Several analysts have commented on CZR shares. BidaskClub cut shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Nomura started coverage on shares of Caesars Entertainment in a research note on Friday, October 6th. They issued a “neutral” rating and a $14.00 price target on the stock. ValuEngine cut shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Zacks Investment Research cut shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Monday, December 4th. Finally, Instinet started coverage on shares of Caesars Entertainment in a research note on Friday, October 6th. They issued a “neutral” rating and a $14.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $14.39.

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Caesars Entertainment 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 resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.

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