Caesars Entertainment Co. (CZR) VP Les Ottolenghi Sells 28,500 Shares

Caesars Entertainment Co. (NASDAQ:CZR) VP Les Ottolenghi sold 28,500 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $8.61, for a total value of $245,385.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Les Ottolenghi also recently made the following trade(s):

  • On Wednesday, March 6th, Les Ottolenghi sold 17,240 shares of Caesars Entertainment stock. The shares were sold at an average price of $8.74, for a total value of $150,677.60.
  • On Friday, March 8th, Les Ottolenghi sold 51,720 shares of Caesars Entertainment stock. The shares were sold at an average price of $8.59, for a total value of $444,274.80.

Shares of CZR stock traded down $0.08 during trading hours on Friday, hitting $8.08. The stock had a trading volume of 16,577,450 shares, compared to its average volume of 28,438,125. Caesars Entertainment Co. has a one year low of $5.84 and a one year high of $13.54. The company has a current ratio of 1.13, a quick ratio of 1.11 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of -42.53 and a beta of 1.20.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Thursday, February 21st. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.08). Caesars Entertainment had a negative return on equity of 4.12% and a net margin of 3.61%. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the firm posted $2.48 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, research analysts predict that Caesars Entertainment Co. will post -0.35 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CZR. Oaktree Capital Management LP purchased a new position in Caesars Entertainment in the fourth quarter worth about $67,900,000. Vanguard Group Inc grew its position in Caesars Entertainment by 16.3% in the third quarter. Vanguard Group Inc now owns 52,126,701 shares of the company’s stock worth $534,298,000 after acquiring an additional 7,294,525 shares in the last quarter. Vanguard Group Inc. grew its position in Caesars Entertainment by 16.3% in the third quarter. Vanguard Group Inc. now owns 52,126,701 shares of the company’s stock worth $534,298,000 after acquiring an additional 7,294,525 shares in the last quarter. Norges Bank purchased a new position in Caesars Entertainment in the fourth quarter worth about $37,693,000. Finally, Assenagon Asset Management S.A. purchased a new position in Caesars Entertainment in the fourth quarter worth about $32,271,000.

CZR has been the topic of a number of recent analyst reports. UBS Group raised Caesars Entertainment from a “sell” rating to a “neutral” rating and decreased their price target for the company from $9.00 to $7.00 in a report on Wednesday, January 2nd. Zacks Investment Research cut Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. Deutsche Bank reaffirmed a “buy” rating and issued a $11.00 target price on shares of Caesars Entertainment in a report on Monday, February 25th. BidaskClub raised Caesars Entertainment from a “strong sell” rating to a “sell” rating in a report on Friday, January 11th. Finally, Bank of America cut Caesars Entertainment from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $8.75 to $9.00 in a report on Wednesday, January 16th. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $11.75.

TRADEMARK VIOLATION WARNING: “Caesars Entertainment Co. (CZR) VP Les Ottolenghi Sells 28,500 Shares” was reported by WKRB News and is owned by of WKRB News. If you are viewing this article on another domain, it was illegally copied and republished in violation of international copyright legislation. The correct version of this article can be accessed at https://www.wkrb13.com/2019/03/15/caesars-entertainment-co-czr-vp-les-ottolenghi-sells-28500-shares.html.

Caesars Entertainment Company Profile

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.

Further Reading: SEC Filing

Insider Buying and Selling by Quarter for Caesars Entertainment (NASDAQ:CZR)

Receive News & Ratings for Caesars Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caesars Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply