Caesars Entertainment Co. (NASDAQ:CZR) saw a significant growth in short interest during the month of April. As of April 13th, there was short interest totalling 53,705,169 shares, a growth of 74.5% from the March 30th total of 30,785,324 shares. Approximately 9.2% of the company’s shares are sold short. Based on an average trading volume of 18,777,480 shares, the days-to-cover ratio is currently 2.9 days.

Caesars Entertainment stock opened at $11.20 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 5.55. The firm has a market cap of $8,028.96, a price-to-earnings ratio of -3.32 and a beta of 0.30. Caesars Entertainment has a twelve month low of $10.48 and a twelve month high of $14.50.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Wednesday, March 7th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $2 billion. analysts anticipate that Caesars Entertainment will post 0.59 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the company. BidaskClub raised Caesars Entertainment from a “strong sell” rating to a “sell” rating in a research note on Tuesday, March 13th. Jefferies Group assumed coverage on Caesars Entertainment in a research note on Thursday, January 18th. They set a “hold” rating and a $14.00 target price on the stock. Zacks Investment Research raised Caesars Entertainment from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Thursday, March 8th. SunTrust Banks reaffirmed an “average” rating and set a $16.00 target price on shares of Caesars Entertainment in a research note on Monday, February 5th. Finally, TheStreet raised Caesars Entertainment from a “d” rating to a “c” rating in a research note on Thursday, March 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.83.

In other Caesars Entertainment news, EVP Timothy R. Donovan sold 5,354 shares of the business’s stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $12.48, for a total transaction of $66,817.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Governors Lane LP acquired a new position in shares of Caesars Entertainment in the 4th quarter valued at $111,347,000. Long Pond Capital LP acquired a new position in shares of Caesars Entertainment in the 4th quarter valued at $88,898,000. Systematic Financial Management LP acquired a new position in shares of Caesars Entertainment in the 4th quarter valued at $45,980,000. Franklin Resources Inc. acquired a new position in shares of Caesars Entertainment in the 4th quarter valued at $33,666,000. Finally, Eaton Vance Management increased its position in shares of Caesars Entertainment by 1,668.5% in the 4th quarter. Eaton Vance Management now owns 2,087,735 shares of the company’s stock valued at $26,410,000 after acquiring an additional 1,969,686 shares during the period. Hedge funds and other institutional investors own 95.51% of the company’s stock.

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.

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