Insider Purchases: The director of Caesars Entertainment, Inc. (NASDAQ:CZR) purchases 25,000 shares

Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) director Michael E. Pegram bought 25,000 shares of the company’s stock in a transaction that took place on Friday, November 4th. The shares were purchased at an average price of $44.74 per share for a total value of $1,118,500.00. Following the purchase, the director now directly owns 96,697 shares of the company, valued at $4,326,223.78. The purchase was disclosed in a document filed with the SEC, which is available on the SEC’s website.

Value for money by Caesars Entertainment

NASDAQ:CZR shares rose $1.43 midday Monday to hit $44.07. 3,455,510 shares of the company traded compared to an average volume of 3,670,954. The stock has a 50-day moving average price of $40.65 and a 200-day moving average price of $45.51. Caesars Entertainment, Inc. has a 12-month low of $31.31 and a 12-month high of $109.69. The company has a quick ratio of 0.99, a current ratio of 0.80 and a debt to equity ratio of 6.53.

Analyst upgrades and downgrades

Several analysts have recently commented on the stock. Barclays raised its price target on shares of Caesars Entertainment from $56.00 to $65.00 in a research report on Wednesday, August 3. Wells Fargo & Company raised its target price on Caesars Entertainment shares to $72.00 from $64.00 and gave the stock an overweight rating in a report Wednesday, November 2nd. Susquehanna lowered its price target on Caesars Entertainment shares from $32.00 to $27.00 and gave the stock a negative rating in a report on Monday, October 3. KeyCorp downgraded Caesars Entertainment to a “sector weight” rating in a research note on Tuesday, July 19. Finally, on Tuesday, July 19, Stifel Nicolaus lowered his price target on Caesars Entertainment from $113.00 to $63.00 in a research report. Two equities research analysts have rated the stock with a sell rating, two have given it a hold rating and twelve have given it a buy rating. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $82.19.

Hedge funds bet on Caesars Entertainment

Hedge funds have recently bought and sold shares in the company. Vanguard Group Inc. increased its stake in Caesars Entertainment by 1.3% in the first quarter. Vanguard Group Inc. now owns 21,843,353 shares of the company’s stock valued at $1,689,802,000 after purchasing an additional 290,006 shares last quarter. Capital Research Global Investors increased its position in Caesars Entertainment by 20.5% in the first quarter. Capital Research Global Investors now owns 20,877,113 shares of the company’s stock valued at $1,615,057,000 after purchasing an additional 3,548,997 shares last quarter. FMR LLC increased its stake in Caesars Entertainment by 13.0% in the second quarter. FMR LLC now owns 19,165,674 shares of the Company’s shares valued at $734,045,000 after purchasing an additional 2,206,419 shares during the period. BlackRock Inc. increased its position in shares of Caesars Entertainment by 0.3% in the first quarter. BlackRock Inc. now owns 15,321,289 shares of the company’s stock valued at $1,185,253,000 after purchasing an additional 51,185 shares last quarter. Finally, Capital World Investors increased its stake in Caesars Entertainment by 17.5% during the first quarter. Capital World Investors now owns 12,756,091 shares of the Company’s stock valued at $986,811,000 after purchasing an additional 1,902,200 shares during the period. 95.55% of the shares are owned by hedge funds and other institutional investors.

About Caesars Entertainment

(received rating)

Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company operates casinos with poker, keno, racing and online sports betting; restaurants, bars, nightclubs and lounges; hotels; and entertainment options. It also offers human resources and management services; accessories, souvenirs and decorative items via retail outlets; and online sports betting and iGaming services.

Selected items

Insider Buys and Sales by Quarter for Caesars Entertainment (NASDAQ:CZR)

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