Earnings

Analyzing the Insider Data for Caesars Entertainment Corporation (CZR)

Recent insider trends for Caesars Entertainment Corporation (NASDAQ:CZR) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on CZR is anything to go by, investors should pay attention.

Institutions own 77.06% of Caesars Entertainment Corporation (CZR)’s shares. The total value of these holdings, in millions, is $1,471. Among active positions in the latest quarter, 90 holders increased their positions by a total of 29.72 million shares, 51 holders decreased the positions by a total of 15.56 million shares, and 22 holders held their positions. This works out to a net increase in ownership of 14.16 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 39 holders initiated new positions by a total of 19.01 million shares and 23 holders exited their positions by a total of 6.36 million shares. This nets out to an increase of 12.65 million shares and is a bullish sign for CZR.

Insider ownership increased by a total of 0 shares, which suggests that CZR’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 41 sells, and ownership decreased by a net of 368699 shares.



The analysis of insider buying and selling trends can be extended to the aggregate level. Short interest, which represents the number of a stock’s shares currently being shorted, captures what the market as a whole feels about a stock. Caesars Entertainment Corporation (NASDAQ:CZR)’s short interest is 36.67 million shares, or 84.43% of the float. This represents a decrease of -3% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CZR is a Weak buy, which implies that CZR is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Caesars Entertainment Corporation (NASDAQ:CZR) is undervalued.

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