Investors sold shares of Caesars Entertainment Corporation (NASDAQ:CZR) on strength during trading on Tuesday. $11.17 million flowed into the stock on the tick-up and $42.93 million flowed out of the stock on the tick-down, for a money net flow of $31.76 million out of the stock. Of all equities tracked, Caesars Entertainment had the 0th highest net out-flow for the day. Caesars Entertainment traded up $0.10 for the day and closed at $12.70

A number of equities research analysts have recently commented on CZR shares. BidaskClub cut shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Zacks Investment Research cut shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. ValuEngine cut shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Nomura started coverage on shares of Caesars Entertainment in a report on Friday, October 6th. They set a “neutral” rating and a $14.00 price target on the stock. Finally, Oppenheimer reiterated a “buy” rating and set a $15.00 price target on shares of Caesars Entertainment in a report on Thursday, November 30th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $14.39.

The company has a debt-to-equity ratio of -1.69, a quick ratio of 0.48 and a current ratio of 0.48.

In related news, EVP Janis L. Jones sold 26,131 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $12.86, for a total value of $336,044.66. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John M. Boushy bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was bought at an average price of $12.64 per share, for a total transaction of $252,800.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $252,800. The disclosure for this purchase can be found here. Company insiders own 4.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its position in Caesars Entertainment by 88.0% in the second quarter. BNP Paribas Arbitrage SA now owns 10,449 shares of the company’s stock worth $125,000 after acquiring an additional 4,892 shares during the period. Quantbot Technologies LP raised its position in Caesars Entertainment by 647.9% in the second quarter. Quantbot Technologies LP now owns 12,116 shares of the company’s stock worth $145,000 after acquiring an additional 10,496 shares during the period. Airain ltd bought a new position in Caesars Entertainment in the second quarter worth approximately $161,000. Stevens Capital Management LP bought a new position in Caesars Entertainment in the third quarter worth approximately $185,000. Finally, Oppenheimer & Co. Inc. bought a new position in Caesars Entertainment in the third quarter worth approximately $284,000. Institutional investors own 20.46% of the company’s stock.

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Caesars Entertainment Company Profile

Caesars Entertainment Corporation is a holding company. The Company provides casino-entertainment and hospitality services. The Company’s segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company’s resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.

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