CZR - Caesars Entertainment Corporation
| Previous Close | 11.92 |
| Open | 11.92 |
| Bid | 11.70 x 21500 |
| Ask | 0.00 x 1300 |
| Day's Range | 11.80 - 11.93 |
| 52 Week Range | 5.84 - 12.23 |
| Volume | 15,680,742 |
| Avg. Volume | 23,290,025 |
| Market Cap | 8.026B |
| Beta (3Y Monthly) | 2.33 |
| PE Ratio (TTM) | 67.29 |
| EPS (TTM) | 0.18 |
| Earnings Date | Jul 30, 2019 - Aug 5, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 11.39 |
- Financial Times•1 hour ago
US casinos unlock the value in their real estate
It has been more than a decade in the making, but US casinos seem to have found a way to unlock the value in their real estate, unleashing a wave of mergers and acquisitions across the sector. James Goldstein, an analyst at research firm CreditSights, said the sale and leaseback of property is making up for the difficulty of getting new casinos off the ground in the US. “Given the lack of domestic greenfield opportunities, the availability of property finance has facilitated recent sector M&A, a necessity for growth,” he said.
- GlobeNewswire•19 hours ago
SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of the Following Acquisitions
WILMINGTON, Del., July 17, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: United Financial Bancorp, Inc. (NASDAQ GS: UBNK) regarding possible breaches.
- ACCESSWIRE•3 days ago
SHAREHOLDER ALERT: Halper Sadeh LLP Reminds Investors it is Investigating Whether the Sale of These Companies is Fair to Shareholders - BID, CZR, DFRG
NEW YORK, NY / ACCESSWIRE / July 15, 2019 / Halper Sadeh LLP, a global investor rights law firm, reminds investors that it is investigating the following companies: Sotheby’s (NYSE: BID) The investigation ...
- GuruFocus.com•3 days ago
Carl Icahn Drives Further Into Hertz Global Holdings
Activist investor increases interest in car rental company Continue reading...
- GlobeNewswire•3 days ago
CZR, LTXB, CJ and BID SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Mergers
WILMINGTON, Del., July 15, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Caesars Entertainment Corporation (NASDAQ GS: CZR) regarding possible.
- GlobeNewswire•6 days ago
INVESTOR RIGHTS ALERT: Halper Sadeh LLP Continues Investigating Whether the Sale of These Companies is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – LTXB, CJ, BID, CZR
The investigation concerns whether LegacyTexas and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders in connection with the proposed sale of LegacyTexas to Prosperity Bancshares, Inc. Pursuant to the proposed transaction, LegacyTexas shareholders will receive 0.5280 shares of Prosperity common stock and $6.28 in cash for each share of LegacyTexas. If you are a LegacyTexas shareholder and would like to learn more about your legal rights and options, please visit: https://halpersadeh.com/actions/legacytexas-financial-group-inc-ltxb-prosperity-bank-merger-stock/.
- PR Newswire•6 days ago
The Colosseum At Caesars Palace To Celebrate Grand Reopening With Back-To-Back Evenings With Keith Urban Sept. 6 & 7, 2019
Tickets for Performances from Multi-GRAMMY Award Winner, CMA Entertainer of the Year and ACM Entertainer of the Year Go on Sale Friday, July 19 at 10 a.m. PT LAS VEGAS , July 12, 2019 /PRNewswire/ -- In ...
- GlobeNewswire•8 days ago
SHAREHOLDER ALERT: WeissLaw LLP Reminds CZR, PCMI, and NRCG Shareholders About Its Ongoing Investigations
NEW YORK, July 10, 2019 -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice.
- ACCESSWIRE•9 days ago
STOCKHOLDER ALERT: Monteverde & Associates PC is Investigating the Transaction
NEW YORK, NY / ACCESSWIRE / July 9, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
- GlobeNewswire•9 days ago
GWR, ORIT, and CZR SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Mergers
WILMINGTON, Del., July 09, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Genesee & Wyoming Inc. (NYSE: GWR) regarding possible breaches of.
- Markit•9 days ago
See what the IHS Markit Score report has to say about Caesars Entertainment Corp.
Caesars Entertainment Corp NASDAQ/NGS:CZRView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate and declining * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is moderate for CZR with between 5 and 10% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 24. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding CZR totaled $64.59 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Zacks•10 days ago
Sports Betting & Esports: What's Next and How to Invest
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into the latest news from the world of legalized sports gambling and esports.
- Moody's•10 days ago
Caesars Entertainment Op. Co. LLC -- Moody's confirms CEOC's B1 CFR
Moody's Investors Service ("Moody's") confirmed Caesar Entertainment Operating Co. LLC's B1 Corporate family rating, B1-PD Probability of Default rating and B1 senior secured rating. On June 24, 2019, CEOC's parent, Caesars Entertainment Corp, and Eldorado Resorts, Inc., announced they had reached an agreement to merge. The confirmation reflects the terms in the recently filed merger agreement that states CEOC's debt will be repaid upon closing of the proposed merger.
- Motley Fool•12 days ago
Why Caesars Entertainment's Shares Have Jumped 74.1% in 2019
A surprise buyout will make an even bigger company.
Motley Fool•13 days ago4 Ways the Caesars Entertainment Buyout Could Fall Apart
The market so far looks unimpressed with Eldorado Resorts' plan to acquire the larger casino resort operator.
- Insider Monkey•14 days ago
Mudrick Capital Management’s Return, AUM, and Holdings
Twenty years ago, Jason Mudrick launched his own distressed credit and event driven-oriented hedge fund, Mudrick Capital Management. The fund is headquartered in New York City, and its current Chief Investment Officer is its founder. At the time of the launching, the fund had around $5 million of initial capital and over the years, it […]
- Zacks•14 days ago
What Makes Caesars Entertainment (CZR) a Strong Momentum Stock: Buy Now?
Does Caesars Entertainment (CZR) have what it takes to be a top stock pick for momentum investors? Let's find out.
- GlobeNewswire•15 days ago
Bragar Eagel & Squire, P.C. Reminds Investors that it is Investigating the Boards of Directors of PCM, Caesars, Sotheby’s, and EMC on Behalf of Stockholders and Encourages Investors to Contact the Firm
NEW YORK, July 03, 2019 -- Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of PCM, Inc., Caesars.
- ACCESSWIRE•16 days ago
INVESTOR ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Caesars Entertainment Corporation (CZR)
NEW YORK, NY / ACCESSWIRE / July 2, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims against the Board of Directors of Caesars Entertainment Corporation ("Caesars" ...
- Benzinga•17 days ago
Wells Fargo Upgrades VICI After Acquisitions In Eldorado-Caesars Deal
VICI Properties, Inc . (NYSE: VICI )’s acquisition of three casino properties from Harrah’s and lease changes as part of a casino industry megadeal makes the real estate investment trust company a good ...
- Investing.com•17 days ago
Casino Stocks Surge Midday as Gaming Revenue Jumps in Macau
Investing.com - The gambling industry in China is weathering the trade war storm.
- PR Newswire•19 days ago
SHAREHOLDER ALERT: Monteverde & Associates PC Launches an Investigation Regarding the Following Transaction
NEW YORK , June 28, 2019 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
- Investor's Business Daily•20 days ago
Stock Market Rally Awaits Trump-Xi Outcome; Micron Lifts Chips, Boeing 737 Max Flaw Found
The stock market pulled back somewhat as investors didn't want to make new long bets ahead of President Donald Trump's meeting with Chinese President Xi Jinping.
- Bloomberg•20 days ago
Almost $500 Billion of Megadeals Get Panned Instantly
(Bloomberg Opinion) -- One of the biggest losers in the S&P 500 Index this week is AbbVie Inc., which took a dive after the drugmaker announced one of the year’s biggest mergers. It’s emblematic of a trend that’s seen some of the most daring dealmakers punished for their pricey pursuits. CEOs considering large-scale M&A should take it as a note of caution heading into the second half of 2019. On the one hand, it’s not completely surprising that an acquirer’s stock would fall after announcing an acquisition, especially one as large as AbbVie’s $63 billion offer on Tuesday for Botox manufacturer Allergan Plc, a business that brings with it some $22 billion of net debt. But AbbVie’s 16% sell-off went beyond the typical post-deal dent, and it hasn’t recovered yet. It’s also not alone.It was a similar case on Monday when Eldorado Resorts Inc. struck a $17.3 billion deal for Caesars Entertainment Corp. to expand its casino portfolio, a transaction that came at the urging of billionaire activist hedge-fund manager Carl Icahn. Eldorado sank 11% that day. Earlier this month, investors also balked at United Technologies Inc.’s merger with $50 billion missile maker Raytheon Co., which will create a new behemoth in the aerospace and defense industry.The list goes on: Shares of Occidental Petroleum Corp. have tumbled 17% to a more than decade low since it agreed to buy Anadarko Petroleum Corp. for $57 billion last month. And Bristol-Myers Squibb Co. still hasn’t reversed its 14% retreat in the wake of the January announcement that it’s acquiring Celgene Corp. in a transaction valued at more than $80 billion. In all, megadeals getting the thumbs down this year are worth about $440 billion. In recent years, investors had gone soft on dealmakers as the market got swept up in a merger wave that promised to revive earnings growth. In some cases, acquirers’ stock prices even headed higher on deal announcements, as shareholders were just glad to see the companies do something with all their cash.But this year, that’s changed. Companies are clearly being penalized for doing megadeals, which I define as transactions in the $20-billion-and-up range. This chart shows the average acquirer’s stock-price change on the first day its deal was announced:This trend is also interesting given the fact that megamergers are what’s currently driving the broader M&A market. The nine announced so far this year represent 30% of the total value of global M&A activity, a far higher proportion than in any of the last 20 years. (That's not including private equity-led buyouts.)In comparison, deals in the $1 billion to $5 billion range – considered the bread and butter of the M&A market – have dried up, as I wrote earlier this month. Global dealmaking was down 16% when that piece published; now it’s down just 2% on account of the recent flurry of megadeals. (I had wondered whether U.S. trade tensions with China and Mexico would derail future large-scale acquisitions, but so far that’s not the case.)Time and time again, it’s been shown that the acquiring companies in giant deals tend to lag behind the broader market in subsequent years. Just this week, my colleague Max Nisen drilled into data on pharmaceutical mergers, which showed that AbbVie’s sell-off may just be an early manifestation of what’s usually inevitable later on. While Big Pharma often has good reason for turning to big purchases, such as the loss of patent protection on blockbuster drugs, Max found that in most cases only very patient investors were rewarded in the long run, and even then the returns trailed the S&P 500. Companies in other industries – such as Campbell Soup Co., CVS Health Corp. and Verizon Communications Inc. – have also disclosed writedowns because they overpaid for deals in recent years.It’s understandable if investors are feeling less giddy about megamergers. After witnessing AbbVie and Eldorado’s brutal week, who dares to step up next?To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering deals, Berkshire Hathaway Inc., media and telecommunications. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
