Caesars Entertainment Corp (NASDAQ:CZR) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 17,415,949 shares, a growth of 19.8% from the February 28th total of 14,535,197 shares. Based on an average daily volume of 867,922 shares, the short-interest ratio is currently 20.1 days. Currently, 34.7% of the shares of the company are short sold.
Shares of Caesars Entertainment Corp (NASDAQ:CZR) traded up 1.04% during mid-day trading on Friday, hitting $9.70. 2,138,191 shares of the stock traded hands. Caesars Entertainment Corp has a 12-month low of $5.39 and a 12-month high of $10.84. The firm’s 50 day moving average price is $9.49 and its 200-day moving average price is $8.45. The stock’s market cap is $1.43 billion.
Caesars Entertainment Corp (NASDAQ:CZR) last announced its earnings results on Tuesday, February 14th. The company reported ($3.88) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.37) by $3.51. The company earned $2.39 billion during the quarter, compared to the consensus estimate of $2.39 billion. Caesars Entertainment Corp had a negative net margin of 68.93% and a negative return on equity of 818.18%. Analysts predict that Caesars Entertainment Corp will post ($16.90) earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. Aperio Group LLC raised its position in shares of Caesars Entertainment Corp by 8.2% in the third quarter. Aperio Group LLC now owns 14,929 shares of the company’s stock valued at $111,000 after buying an additional 1,128 shares during the period. Capstone Investment Advisors LLC acquired a new position in shares of Caesars Entertainment Corp during the fourth quarter valued at about $113,000. Neuberger Berman Group LLC acquired a new position in shares of Caesars Entertainment Corp during the third quarter valued at about $158,000. Wells Fargo & Company MN raised its position in shares of Caesars Entertainment Corp by 0.9% in the third quarter. Wells Fargo & Company MN now owns 23,009 shares of the company’s stock valued at $172,000 after buying an additional 200 shares during the period. Finally, Pacific Alternative Asset Management Company LLC acquired a new position in shares of Caesars Entertainment Corp during the third quarter valued at about $257,000. Institutional investors own 65.00% of the company’s stock.
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About Caesars Entertainment Corp
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.
