Yahoo Finance Insider Spends US$1.1m Buying More Shares In Caesars Entertainment \
Those following along with Caesars Entertainment, Inc. (NASDAQ:CZR) will no doubt be intrigued by the recent purchase of shares by Michael Pegram, Independent Director of the company, who spent a stonking US$1.1m on stock at an average price of US$45.02. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 24%.
Check out our latest analysis for Caesars Entertainment
Caesars Entertainment Insider Transactions Over The Last Year
In fact, the recent purchase by Michael Pegram was the biggest purchase of Caesars Entertainment shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$45.42. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Caesars Entertainment insiders decided to buy shares at close to current prices.
In the last twelve months insiders purchased 58.60k shares for US$2.6m. But insiders sold 2.70k shares worth US$140k. In total, Caesars Entertainment insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Caesars Entertainment is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Caesars Entertainment
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Caesars Entertainment insiders own about US$54m worth of shares. That equates to 0.6% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Caesars Entertainment Insider Transactions Indicate?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in Caesars Entertainment shares, given these transactions (along with notable insider ownership of the company). If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
Of course Caesars Entertainment may not be the best stock to buy. So you may wish 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 regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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