Today, the President & CEO of Caesars (NASDAQ: CZR), Mark Frissora, bought shares of CZR for $954K.
Following this transaction Mark Frissora’s holding in the company was increased by 3.93% to a total of $24.73 million.
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Based on Caesars’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.12 billion and quarterly net profit of $29 million. In comparison, last year the company earned revenue of $1 billion and had a GAAP net loss of $1.44 billion. Currently, Caesars has an average volume of 13.14M.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $13.00, reflecting a -27.7% downside. Six different firms, including Barclays and Merrill Lynch, currently also have a Buy rating on the stock.
The insider sentiment on Caesars has been negative according to 100 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Caesars Entertainment Corp. is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.
