Caesars Entertainment Co. (CZR) Director Thomas M. Benninger Acquires 41,000 Shares of Stock

Caesars Entertainment Co. (NASDAQ:CZR) Director Thomas M. Benninger purchased 41,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was bought at an average price of $7.79 per share, for a total transaction of $319,390.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

CZR traded up $0.03 during trading on Friday, reaching $8.22. The company’s stock had a trading volume of 6,074,240 shares, compared to its average volume of 20,463,534. Caesars Entertainment Co. has a 52-week low of $7.64 and a 52-week high of $14.50. The firm has a market capitalization of $5.49 billion, a PE ratio of -2.44, a P/E/G ratio of 12.80 and a beta of 0.81. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 5.93.

CZR has been the topic of several recent research reports. Zacks Investment Research cut Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. BidaskClub upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, October 19th. Bank of America restated a “buy” rating and issued a $11.00 price target on shares of Caesars Entertainment in a research report on Tuesday, October 16th. Morgan Stanley initiated coverage on Caesars Entertainment in a research report on Tuesday, October 23rd. They issued an “overweight” rating and a $12.00 price target on the stock. Finally, Oppenheimer set a $15.00 price target on Caesars Entertainment and gave the company a “buy” rating in a research report on Thursday, November 1st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $13.10.

Institutional investors and hedge funds have recently made changes to their positions in the business. Levin Capital Strategies L.P. purchased a new stake in Caesars Entertainment in the 3rd quarter valued at approximately $102,000. Sawtooth Solutions LLC purchased a new stake in Caesars Entertainment in the 2nd quarter valued at approximately $108,000. KCM Investment Advisors LLC purchased a new stake in Caesars Entertainment in the 2nd quarter valued at approximately $120,000. IBM Retirement Fund purchased a new stake in Caesars Entertainment in the 2nd quarter valued at approximately $125,000. Finally, Lehman Financial Resources Inc. purchased a new stake in Caesars Entertainment in the 3rd quarter valued at approximately $123,000.

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About Caesars Entertainment

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 36,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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