Target of Unusually High Options Trading Is Caesars Entertainment (NASDAQ:CZR)

Caesars Entertainment, Inc. (NASDAQ: CZR ) is the target of unusual options trading activity on Friday. Traders bought 25,173 call options on the stock. This is 97% more than the average of 12,792 call options per day.

Many hedge funds’ CZRs have recently changed. Additionally, Wipfli Financial Advisors LLC raised its stake in Caesars Entertainment by $25,000 in the third quarter. Hexagon Capital Partners LLC increased its holdings in Caesars Entertainment by $29,000 in the third quarter. Quadrant Capital Group LLC raised its stake in Caesars Entertainment by 60.5% in the second quarter. Quadrant Capital Group LLC now owns 777 shares of the company’s stock worth $30,000. This follows the acquisition of an additional 293 shares in the last quarter. Shares of Caesars Entertainment owned by American National Bank rose in value in the third quarter, reaching $31,000. Finally, Crewe Advisors LLC raised its stake in Caesars Entertainment in the second quarter by buying an additional $38,000 in shares. Hedge funds and institutional investors hold 95.55% of the stock.
Several equities research analysts have recently issued research papers on CZR shares. began coverage on Caesars Entertainment stock on Wednesday, October 12. They gave the company a “hold” rating. Susquehanna Bancshares decreased their stock rating to “negative” and price target on shares of Caesars Entertainment from $32.00 to $27.00 in a report on Monday, October 3. In a research note released on Tuesday, Truist Financial lowered the Their price target on shares of Caesars Entertainment increased from $72.00 to $70.00 while maintaining a $70.00 target. a “buy” recommendation. In a research note released on August 3rd, Wells Fargo & Company maintained an “overweight” rating on Caesars Entertainment stock while reducing their target price from $65.00 to $64.00 in a research note. On Wednesday, August 3rd, Cowen lowered their price objective on shares of Caesars Entertainment from $105.00 to $87.00 in a research note. Twelve analysts have recommended a buy rating on the stock; two have held it, and two have recommended selling it. According to data from, Caesars Entertainment has an average rating of “Moderate Buy,” and an estimated price of 81.69 per share.
Shares of CZR traded up $1.42 during trading hours on Friday, reaching $42.93. The stock traded 82,255 shares versus its normal volume of 4,899,635. The company’s market cap is $9.21 billion, its PE ratio is 6.03, and its beta is 2.77. Throughout the past year, the share price of Caesars Entertainment was between $31.31 and $114.90. The stock’s 50-day moving average is $40.90, and its 200-day moving average is $46.91. The company’s current ratio is 1, its quick ratio is 0.99, and its debt-to-equity ratio is 7.06.
On Tuesday, August 2nd, Caesars Entertainment (NASDAQ:CZR) released its latest quarterly earnings report. The company’s $0.16 earnings per share for the quarter fell ($0.09) short of the average estimate of $0.25. Net turnover and return on equity for Caesars Entertainment were both negative (14.14% and 20.85%, respectively). Quarterly sales of $2.82 billion were more than analysts had estimated ($2.77 billion). Analysts say Caesars Entertainment will lose $1.83 per share this fiscal year.

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Caesars Entertainment, Inc. is a casino and hospitality company headquartered in the US. The company also operates restaurants, bars, nightclubs, and lounges in addition to hotels and casinos with poker, keno, and racing. In addition, it runs online sportsbooks. In addition, it provides iGaming services, staffing, management services, stores that sell equipment, trinkets, decorations, and online games and betting.

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