Caesars Entertainment Co. (NASDAQ:CZR) shares fell 5.4% during mid-day trading on Thursday . The company traded as low as $8.98 and last traded at $9.01. 21,517,380 shares were traded during mid-day trading, an increase of 57% from the average session volume of 13,680,856 shares. The stock had previously closed at $9.52.

A number of brokerages recently issued reports on CZR. BidaskClub downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Bank of America reiterated a “buy” rating and issued a $11.00 price target on shares of Caesars Entertainment in a research note on Tuesday, October 16th. Zacks Investment Research upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Monday, September 24th. ValuEngine upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Monday, July 16th. Finally, Morgan Stanley began coverage on shares of Caesars Entertainment in a research note on Tuesday, October 23rd. They issued an “overweight” rating and a $12.00 price target for the company. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Caesars Entertainment has a consensus rating of “Hold” and a consensus price target of $13.10.

The company has a current ratio of 1.16, a quick ratio of 1.96 and a debt-to-equity ratio of 5.93. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of -2.53, a P/E/G ratio of 14.88 and a beta of 0.81.

A number of hedge funds have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. raised its holdings in Caesars Entertainment by 190.0% during the second quarter. Point72 Asset Management L.P. now owns 25,119,068 shares of the company’s stock worth $268,774,000 after purchasing an additional 16,457,482 shares in the last quarter. Long Pond Capital LP raised its holdings in Caesars Entertainment by 6.2% during the second quarter. Long Pond Capital LP now owns 23,450,216 shares of the company’s stock worth $250,917,000 after purchasing an additional 1,368,988 shares in the last quarter. BlackRock Inc. raised its holdings in Caesars Entertainment by 40.0% during the second quarter. BlackRock Inc. now owns 17,255,685 shares of the company’s stock worth $184,635,000 after purchasing an additional 4,931,707 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in Caesars Entertainment by 3.5% during the third quarter. Thompson Siegel & Walmsley LLC now owns 8,542,816 shares of the company’s stock worth $87,564,000 after purchasing an additional 285,428 shares in the last quarter. Finally, Global Thematic Partners LLC raised its holdings in Caesars Entertainment by 15.9% during the third quarter. Global Thematic Partners LLC now owns 4,707,059 shares of the company’s stock worth $48,248,000 after purchasing an additional 646,211 shares in the last quarter.

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About Caesars Entertainment (NASDAQ:CZR)

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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