Could Caesars Entertainment Corporation (NASDAQ:CZR) Change Direction After More Shorts?

September 17, 2017 - By Michael Collier

 Could Caesars Entertainment Corporation (NASDAQ:CZR) Change Direction After More Shorts?

Investors sentiment increased to 1.38 in 2016 Q4. Its up 0.23, from 1.15 in 2016Q3. It is positive, as 17 investors sold Caesars Entertainment Corp shares while 25 reduced holdings. 23 funds opened positions while 35 raised stakes. 94.32 million shares or 1.05% more from 93.34 million shares in 2016Q3 were reported.
Blackrock Inc has 9,569 shares. Starwood Cap Grp Mngmt Lc stated it has 5.8% of its portfolio in Caesars Entertainment Corp (NASDAQ:CZR). Cornerstone Liability stated it has 0.01% in Caesars Entertainment Corp (NASDAQ:CZR). Point72 Asset Management L P has invested 0.03% in Caesars Entertainment Corp (NASDAQ:CZR). Wellington Mngmt Llp reported 23,014 shares. Menta Cap Limited Liability Company holds 170,897 shares or 0.12% of its portfolio. State Common Retirement Fund reported 50,600 shares. Ptnrs Holding Ag stated it has 1.37 million shares or 1.74% of all its holdings. Aqr Capital Mgmt Ltd Liability, Connecticut-based fund reported 55,848 shares. Raymond James And Assoc has 51,695 shares for 0% of their portfolio. Cubist Systematic Strategies Ltd holds 2,076 shares or 0% of its portfolio. Deutsche Financial Bank Ag stated it has 0% of its portfolio in Caesars Entertainment Corp (NASDAQ:CZR). Blackrock Fund Advsr holds 0% of its portfolio in Caesars Entertainment Corp (NASDAQ:CZR) for 1.73M shares. 29,185 were accumulated by Blackrock Advsr Limited Liability Corporation. Everpoint Asset Mgmt Ltd Liability Com invested in 895,584 shares.

The stock of Caesars Entertainment Corporation (NASDAQ:CZR) registered an increase of 9.01% in short interest. CZR’s total short interest was 37.62 million shares in September as published by FINRA. Its up 9.01% from 34.51 million shares, reported previously. With 2.11M shares average volume, it will take short sellers 18 days to cover their CZR’s short positions. The short interest to Caesars Entertainment Corporation’s float is 86.63%.

The stock increased 0.84% or $0.1 on September 15, reaching $11.95. About 4.96M shares traded or 161.05% up from the average. Caesars Entertainment Corp (NASDAQ:CZR) has risen 62.44% since September 17, 2016 and is uptrending. It has outperformed by 45.74% the S&P500.

Caesars Entertainment Corporation is a holding company. The company has market cap of $1.78 billion. The Firm provides casino-entertainment and hospitality services. It currently has negative earnings. The Company’s divisions include Caesars Entertainment Resort Properties, LLC , Caesars Growth Partners, LLC (CGP) and Other.

Caesars Entertainment Corp (NASDAQ:CZR) Ratings Coverage

Among 3 analysts covering Caesars Entertainment (NASDAQ:CZR), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Caesars Entertainment had 4 analyst reports since December 14, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Underweight” rating and $9 target in Monday, December 14 report. The firm has “Buy” rating by Oppenheimer given on Wednesday, May 31. The stock of Caesars Entertainment Corp (NASDAQ:CZR) earned “Buy” rating by Oppenheimer on Tuesday, June 6.

More important recent Caesars Entertainment Corp (NASDAQ:CZR) news were published by: Reviewjournal.com which released: “Caesars unit clears Nevada hurdle in bankruptcy emergence” on August 24, 2017, also Reviewjournal.com published article titled: “2 Southern Nevada gaming titans jump on winding down of DACA”, Prnewswire.com published: “Caesars Entertainment Corporation to Participate in the Bank of America …” on September 13, 2017. More interesting news about Caesars Entertainment Corp (NASDAQ:CZR) was released by: Reviewjournal.com and their article: “Nevada pursues more business information for database” with publication date: September 01, 2017.

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