Stock of The Day: Time to Buy Caesars Entertainment Corp After Today’s Huge Increase?

Stock of The Day: Time to Buy Caesars Entertainment Corp After Today's Huge Increase?

The stock of Caesars Entertainment Corp (NASDAQ:CZR) is a huge mover today! About 155,973 shares traded hands. Caesars Entertainment Corp (NASDAQ:CZR) has declined 5.87% since April 18, 2016 and is downtrending. It has underperformed by 10.30% the S&P500.
The move comes after 8 months positive chart setup for the $1000.00M company. It was reported on Nov, 18 by Barchart.com. We have $9.33 PT which if reached, will make NASDAQ:CZR worth $320.00M more.

According to Zacks Investment Research, “Caesars Entertainment Corporation is a gaming company engaged in providing casino entertainment services. The Company operates casino resorts on multiple continents and its casino entertainment facilities include land-based casinos, riverboat or dockside casinos, managed casinos, combination greyhound racetrack and casino, combination thoroughbred racetrack and casino, and harness racetrack and casino, hotel and convention space, restaurants, and non-gaming entertainment facilities. Its resorts operate primarily under the Harrah’s(TM), Caesars(TM) and Horseshoe(TM) brand names. Caesars Entertainment Corporation is based in Las Vegas, Nevada.”

Insitutional Activity: The institutional sentiment increased to 1.15 in 2016 Q2. Its up 0.03, from 1.12 in 2016Q1. The ratio is positive, as 13 funds sold all Caesars Entertainment Corp shares owned while 28 reduced positions. 12 funds bought stakes while 34 increased positions. They now own 75.69 million shares or 13.09% less from 87.09 million shares in 2016Q1.
Blackrock Gru last reported 0% of its portfolio in the stock. Weiss Multi has 150,000 shares for 0.09% of their US portfolio. Aperio Limited last reported 0% of its portfolio in the stock. Metropolitan Life Insurance New York accumulated 0% or 39,108 shares. Pacad Investment Limited has 0.01% invested in the company for 4,800 shares. Paradigm Asset Mgmt Ltd Liability holds 0% or 32,100 shares in its portfolio. Vanguard Group last reported 3.58M shares in the company. Spark Inv Mngmt Ltd Llc has 0.07% invested in the company for 92,600 shares. Tiaa Cref Invest Mgmt Ltd Liability Co holds 0% or 192,262 shares in its portfolio. Morgan Stanley accumulated 0.01% or 1.97 million shares. Blackrock Inc holds 7,936 shares or 0% of its portfolio. Kcg reported 23,026 shares or 0% of all its holdings. Dimensional Fund Advsr Lp holds 110,322 shares or 0% of its portfolio. The Massachusetts-based State Street has invested 0% in Caesars Entertainment Corp (NASDAQ:CZR). First Quadrant Lp Ca has invested 0% of its portfolio in Caesars Entertainment Corp (NASDAQ:CZR).

Insider Transactions: Since August 5, 2016, the stock had 0 insider buys, and 3 sales for $850,574 net activity. The insider DONOVAN TIMOTHY R sold 43,168 shares worth $327,364. LOVEMAN GARY W sold $186,362 worth of stock or 24,000 shares.

More notable recent Caesars Entertainment Corp (NASDAQ:CZR) news were published by: Wsj.com which released: “Caesars Entertainment Corp. Swings to First-Quarter Loss” on May 05, 2016, also Fool.com with their article: “Caesars Entertainment Corp’s Future Now a Battle Between Billionaires” published on September 22, 2016, Fool.com published: “Caesars Entertainment Corp’s Odds of Survival Just Plummeted” on August 29, 2016. More interesting news about Caesars Entertainment Corp (NASDAQ:CZR) were released by: Prnewswire.com and their article: “Caesars Entertainment Corporation to Report 2016 Third-Quarter Results on …” published on October 26, 2016 as well as Fool.com‘s news article titled: “Why Caesars Entertainment Corp.’s Shares Dropped 18% Today” with publication date: September 27, 2016.

CZR Company Profile

Caesars Entertainment Corporation (Caesars), incorporated on November 2, 1989, is a holding company. The Firm offers casino-entertainment and hospitality services. It operates through three divisions: Caesars Entertainment Resort Properties (CERP), Caesars Growth Partners Casino Properties and Developments (CGP Casinos) and Caesars Interactive Entertainment, Inc. (CIE). The Company’s facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options. In addition to its brick and mortar assets, it operates an online gaming business that provides social and mobile games offerings that utilize virtual currency, as well as real money games in certain jurisdictions. It owns CERP and an interest in Caesars Growth Partners, LLC (CGP).

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