Caesars Entertainment insiders increased their holdings by shares valued at $3.06 million

Quite a few insiders have increased their holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) over the past 12 months. An insider's optimism about the company's prospects is a positive sign.

While we don't believe shareholders should simply follow insider transactions, logic dictates that you should pay attention to whether insiders are buying or selling shares.

Check out our latest analysis for Caesars Entertainment

The last 12 months of insider transactions at Caesars Entertainment

Independent Director Michael Pegram made the biggest insider purchase of the last 12 months. This single transaction was for US$1.5 million worth of shares at a price of US$36.40 apiece. This means that an insider was happy to buy shares at the current price of around US$37.08. Of course, they may have changed their mind. But this suggests they are optimistic. We always like to see insider buys, but it is worth noting when these buys were made well below today's share price, as the discount to value may have narrowed as the price rose. The good news for Caesars Entertainment shareholders is that insiders were buying at a price close to the current price.

Over the last twelve months, insiders bought 81,000 shares for $3.1 million. But insiders sold 10,690 shares valued at $349,000. Overall, Caesars Entertainment insiders bought more than they sold over the last year. Below is a visual representation of insider transactions (by companies and individuals) over the last 12 months. If you want to know exactly who sold, for how much and when, just click on the graph below!

Caesars Entertainment isn’t the only stock that insiders are buying, so take a look at these free List of companies with insider purchases that remain under the radar.

Insiders at Caesars Entertainment recently sold shares

Over the past three months, there have been significantly more insider sales than purchases of Caesars Entertainment stock. We note that insiders cashed in $349,000 worth of shares. On the other hand, we note that independent director Bonnie Biumi bought $32,000 worth of shares. Since sales far outweigh purchases, we would call this a rather bearish sign.

Insider Ownership of Caesars Entertainment

For a common shareholder, it's worth checking how many shares are held by company insiders. I think it's a good sign when insiders own a significant number of shares in the company. Insiders own 0.7% of Caesars Entertainment shares, worth about $61 million. We've certainly seen higher insider ownership elsewhere, but these holdings are enough to indicate alignment between insiders and the other shareholders.

So what do the insider transactions at Caesars Entertainment say?

At Caesars Entertainment, insider selling has outweighed insider buying over the past three months. In contrast, they appear to be stronger over the past twelve months. We like that insiders own a significant portion of the company, so we can overlook some selling. Of course The future is the most important thing. So if you are interested in Caesars Entertainment, you should check it out here free Report on analyst forecasts for the company.

Naturally Caesars Entertainment may not be the best stock to buy. You may want to see this free Collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulator. Currently, we only consider open market transactions and private disposals of direct holdings, but not derivative transactions or indirect holdings.

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