Finance

Are Caesars Entertainment Corporation (CZR)’s Recent Ownership and Insider Trends a Sign of Things to Come?

Recent insider trends for Caesars Entertainment Corporation (NASDAQ:CZR) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of CZR, the data has some interesting implications for where the stock might be headed.

Institutions own 38.35% of Caesars Entertainment Corporation (CZR)’s shares. The total value of these holdings, in millions, is $3,511. Among active positions in the latest quarter, 105 holders increased their positions by a total of 41.49 million shares, 65 holders decreased the positions by a total of 13.62 million shares, and 25 holders held their positions. This works out to a net increase in ownership of 27.87 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 37 holders initiated new positions by a total of 9.35 million shares and 21 holders exited their positions by a total of 4.08 million shares. This nets out to an increase of 5.27 million shares and is a bullish sign for CZR.

In the last three months, insiders executed a total of 16 trades. 2 of these were buys and 14 were sells. Insider ownership decreased by a total of 139.98 million shares, which suggests that CZR’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 17 buys and 47 sells, and ownership decreased by a net of 77.44 million shares.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Caesars Entertainment Corporation (NASDAQ:CZR)’s short interest is 19.5 million shares, or 44.91% of the float. This represents a decrease of -26% 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.

Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CZR is a Strong 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 bearish. Technical indicators (also) suggest that Caesars Entertainment Corporation (NASDAQ:CZR) is undervalued.

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