CZR Caesars Entertainment, Inc.
XNAS
29.30
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
CZR
$29.30
—
What changed
Recent filings, trades and movesKey stats
$29.30
- 52-Week Range
- $17.86 – $30.88
- YTD
- +24.36%
- IV Rank (30D)
- 51.36
- Straddle Price
- $2.50
- P/C Vol Ratio
- 3.07
- Market Cap
- $6.0B
- Open
- $29.22
- Day Range
- $29.11 – $29.31
- Volume
- 1,831,026
- Prev Close
- $29.28
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.84% |
| Beta vs SPY | 1.55 |
| Cost of Equity (CAPM) | 13.34% (VRP-adj) |
| WACC | 6.72% |
| Volatility Risk Premium | +98.2pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +0.8% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.01 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.6B |
| Return on Equity (TTM) | -16.3% |
| Book / Price | 57.7% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 49.7% |
| FCF Margin (TTM) | 5.0% |
| Debt / Equity | 7.15 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| Market-Implied Growth | +20.1% (reverse-DCF on current price) |
| SMA 50 | $29.41 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $29.07 |
| Bollinger Width / SMA20 | 2.9% (drives anchor stability) |
| Net Debt | $23.8B |
| Market Cap | $6B |
Peers used for multiples: BYD, MCRI, MGM, PENN
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
17%
20-Day Fair Value
≈ by Dec 9, 2026
$29.39
α +0.3%
rank 16%
conviction
25%
40-Day Fair Value
≈ by Jan 7, 2027
$29.51
α +0.7%
rank 10%
conviction
28%
60-Day Fair Value
≈ by Feb 5, 2027
$29.48
α +0.6%
rank 12%
conviction
17%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $-52.31 | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 11.9× · 3 peers |
| Peer EV/EBITDA | $20.58 | 10% | median 8.2× · 4 peers |
| Peer P/B | $46.28 | 13% | median 2.7× · 4 peers |
| Peer P/S | $51.55 | 13% | median 0.9× · 4 peers |
| Market Anchor (SMA50) | $29.41 | 65% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | $29.09 | 0% | 5 strikes · skew -1.29 |
As of 2026-11-10 · updated
Related
About
- Industry (SIC)
- HOTELS & MOTELS (7011) · industry map
- Exchange
- XNAS
- Market Cap
- $6.0B
- Employees
- 50,000
- List Date
- 2014-09-19
- CIK
- 0001590895
- Last Earnings
- Oct 27 after close · −1.0% vs ±2.6% expected
- Next Earnings
- ~Feb 16, 2027 (estimated)
- Headquarters
- Reno, NV
- Homepage
- https://www.caesars.com
Caesars Entertainment's stand-alone portfolio includes about 50 domestic gaming properties across the Las Vegas (48% of 2025 EBITDAR) and regional (49%) markets. Additionally, the company hosts managed properties and digital assets that produced marginal EBITDA in 2025. Caesars' US presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the US portion of William Hill (it sold the international operation in 2022), a digital spor…
Summary
—
composite
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No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -1.69% | -18.54% | 23.19% | -8.18% | 10.62% | -12.14% | -1.12% |
| Feb | 31.98% | 4.20% | -5.01% | -1.20% | -6.50% | 21.66% | 7.52% |
| Mar | -7.03% | -6.77% | -4.85% | 1.82% | -20.56% | 7.26% | -5.02% |
| Apr | 10.01% | -13.53% | -8.10% | -17.03% | 8.98% | 4.71% | -2.49% |
| May | 10.88% | -26.60% | -11.83% | -2.25% | -1.18% | 2.36% | -4.77% |
| Jun | -5.29% | -22.72% | 22.35% | 11.57% | 8.77% | 3.53% | 3.04% |
| Jul | -15.10% | 18.58% | 16.64% | 5.83% | -9.90% | -2.38% | 2.28% |
| Aug | 17.49% | -6.34% | -4.38% | 0.75% | 4.24% | -0.10% | 1.94% |
| Sep | 10.20% | -24.09% | -16.86% | 14.99% | 4.38% | -0.07% | -1.91% |
| Oct | -8.39% | 28.05% | -14.87% | -1.84% | -22.54% | -1.79% | -3.56% |
| Nov | -19.62% | 14.46% | 13.30% | -1.86% | 13.79% | 1.07%* | 3.52% |
| Dec | 12.59% | -19.75% | 0.28% | -14.33% | 1.04% | -- | -4.03% |
| Total | 27.00% | -61.51% | -1.00% | -15.43% | -15.97% | 23.07% | -7.31% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $29.06
SMA 50: $29.40
SMA 200: $27.85
Current: $29.30
EMA 12: $29.17
EMA 26: $29.21
MACD: -0.0433 | Signal: 0.0598
BEARISH
ADX (14): 25.27
TREND
+DI: 18.54
−DI: 16.59
Momentum Oscillators
RSI (14): 52.44
NEUTRAL
Stoch %K: 85.89
Stoch %D: 83.71
Williams %R: -10.43
Volume & Volatility
BB Upper: $29.46
BB Lower: $28.67
NEUTRAL
OBV: -160,891,452
Vol SMA 20: 6,480,296
Vol ROC: -71.04%
ATR: $0.24
True Range: $0.20
HV 20: 12.7%
HV 30: 10.5%
HV 60: 7.5%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-12T00:00:00 – 2026-11-10T00:00:00
AI Analysis
Written before CZR’s Oct 27 earnings report, so it doesn’t reflect the results.
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Technical indicators suggest a neutral trend with some bearish momentum signals
- Recent news headlines highlight potential catalysts, but sentiment is generally neutral
Primary Risks:
- Potential for further decline if technical support levels are breached
- Risk of increased volatility due to recent merger and acquisition activities
Investment Thesis: CZR's stable fundamentals and low volatility suggest a potentially attractive entry point for long-term investors. However, the stock's near-term direction remains uncertain.
Recent News Sentiment Impact:
- The positive sentiment from the Fertitta Entertainment buyout has partially offset the bearish momentum signals
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): NEUTRAL
- Medium-term (1-3 months): BEARISH
- Long-term (3-12 months): NEUTRAL
Support/Resistance Levels:
- Lower support level: $29.41 (Bollinger Band lower boundary)
- Upper resistance level: $30.16 (Bollinger Band upper boundary)
Momentum Signals:
- RSI interpretation: 45.78 (neutral)
- MACD signal: -0.04 (bearish crossover)
- Bollinger Bands position: neutral
News & Sentiment Analysis
Recent Headlines Summary:
- Neutral sentiment from recent news headlines, with no significant positive or negative developments
- No major catalysts or events in the near term
Sentiment Assessment: NEUTRAL
Catalyst Identification:
- Fertitta Entertainment buyout (completed) - potential for future M&A activities
Market Narrative:
- CZR's technical indicators and recent news sentiment align somewhat, but further clarity is needed to determine the stock's direction
Risk & Volatility Assessment
Risk Interpretation: LOW (Beta 0.71 vs SPY)
Volatility Regime: LOW (Historical Volatility: HV20 7.3%, HV30 6.9%, HV60 10.4%)
Options Market Signals:
- IV Rank: 33.0% (Medium - shows if volatility is historically high/low)
- Put/Call Volume Ratio: 27.22 (Bearish sentiment)
Downside Protection:
- Support levels from moving averages and technical patterns
Market Context & Positioning
Sector Performance:
- Gaming sector has performed relatively well, but CZR's performance lags behind peers
Institutional Activity:
- No significant institutional buying or selling activity in the recent past
Correlation Analysis:
- Correlation with SPY: 0.19 (low correlation)
Relative Valuation:
- CZR trades at a discount to its peers, suggesting potential for long-term appreciation
Key Levels & Action Items
Critical Price Levels:
- Lower support level: $29.41 (Bollinger Band lower boundary)
- Upper resistance level: $30.16 (Bollinger Band upper boundary)
Breakout/Breakdown Levels:
- Technical levels that could trigger significant moves, such as a break above the SMA 200 or below the recent low
Time-Sensitive Catalysts:
- No major catalysts or events in the near term, but potential for future M&A activities
Risk Management:
- Consider stop-loss levels and position sizing considerations based on risk tolerance and market conditions
Generated
News
All CZR news →
Earnings History
19 of 24 under expected move
Avg Expected Move
6.79%
Avg Actual Move
3.77%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-25 | After-Close | 5.95% | 9.75% | 1.64x | Exceeded |
| 2021-05-04 | After-Close | 6.98% | 7.80% | 1.12x | Exceeded |
| 2021-08-03 | After-Close | 7.43% | 2.06% | 0.28x | Within |
| 2021-11-02 | After-Close | 6.65% | 0.94% | 0.14x | Within |
| 2022-02-22 | After-Close | 8.67% | 2.76% | 0.32x | Within |
| 2022-05-03 | After-Close | 8.26% | 1.86% | 0.23x | Within |
| 2022-08-02 | After-Close | 7.83% | 0.18% | 0.02x | Within |
| 2022-11-01 | After-Close | 8.67% | 0.70% | 0.08x | Within |
| 2023-01-24 | After-Close | 4.74% | 1.49% | 0.31x | Within |
| 2023-05-02 | After-Close | 8.01% | 1.26% | 0.16x | Within |
| 2023-08-01 | After-Close | 5.52% | 4.33% | 0.78x | Within |
| 2023-10-31 | After-Close | 7.09% | 1.05% | 0.15x | Within |
| 2024-01-24 | After-Close | 2.86% | 1.84% | 0.64x | Within |
| 2024-04-30 | After-Close | 7.09% | 1.56% | 0.22x | Within |
| 2024-07-30 | After-Close | 10.01% | 8.27% | 0.83x | Within |
| 2024-10-29 | After-Close | 6.49% | 8.20% | 1.26x | Exceeded |
| 2025-02-25 | After-Close | 7.77% | 0.89% | 0.11x | Within |
| 2025-04-29 | After-Close | 6.88% | 3.32% | 0.48x | Within |
| 2025-07-29 | After-Close | 6.76% | 2.04% | 0.30x | Within |
| 2025-10-28 | After-Close | 7.40% | 15.23% | 2.06x | Exceeded |
| 2026-02-17 | After-Close | 10.05% | 13.03% | 1.30x | Exceeded |
| 2026-04-28 | After-Close | 7.10% | 0.26% | 0.04x | Within |
| 2026-07-28 | After-Close | 2.07% | 0.60% | 0.29x | Within |
| 2026-10-27 | After-Close | 2.63% | 0.97% | 0.37x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
CZR Options Activity & IV Rank
CZR IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 30.8%
7-DTE IV: 39.4%
Expected Move: $2.50
7-DTE Move: $2.25
Days to Exp: 31 (2026-12-11)
Options Flow · All expiries
Call Volume: 1,556
Put Volume: 4,777
P/C Volume: 3.07
BEARISH
Call OI: 75,925
Put OI: 105,350
P/C OI: 1.388
Total OI: 181,275
ATM Options Pricing
ATM Call: $1.31
ATM Put: $1.19
Call %: 4.5%
Put %: 4.0%
Chain Summary
Chain Volume: 6,333
Chain OI: 181,275
Last Updated: 11/10/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 80th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
80%
vs own history
GEX tilt
+0.44
OI-weighted, today
Vanna tilt
+0.85
δ-sensitivity to IV
Charm tilt
-0.64
δ-decay vs time
Vanna tilt +0.85: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.64: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 40 ATM contracts, 30k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Nov 10 · ATM 46.8% / Wing —
30 DTE / 10d
—
—
pts
EXTREME
as of Nov 10 · ATM 25.5% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)32.3MediumNov 10
IV Rank (30 DTE)51.4MediumNov 10
Straddle Price (30 DTE)$2.50Nov 10
Beta Analysis
Risk Metrics
Beta: 0.4496
Alpha: 41.26%
Correlation: 0.1525
R-Squared: 2.3%
Stock Volatility: 40.3%
Market Volatility: 13.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own CZR
6 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Icahn Capital / Icahn Enterprises Family office Carl Icahn, Brett Icahn | $73.6M | #10 of 15 | 0.0% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $47.2M | #652 of 3716 | +429.4% | 13F | |
| Point72 Hedge fund Steve Cohen | $22.1M | #561 of 1945 | +87.5% | 13F | |
| Citadel Hedge fund Ken Griffin | $16.8M | #1255 of 6285 | -79.0% | 13F | |
| Soros Fund Management Family office George Soros, Robert Soros, Jonathan Soros | $14.9M | #114 of 251 | new | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $1.1M | #1657 of 4729 | -5.9% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
CZR Institutional Ownership (13F)
Filings for 2026-06-30 · 143 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 204,000,000 (as of 2026-09-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
41 filers$1.25B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $308.14M | 24.66% | 2026-06-30 |
| 2 | Point72 Asset Management, L.P. | $301.93M | 24.17% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $141.07M | 11.29% | 2026-06-30 |
| 4 | Walleye Trading LLC | $54.67M | 4.38% | 2026-06-30 |
| 5 | Jane Street Group, LLC Custodian | $51.55M | 4.13% | 2026-06-30 |
| 6 | JPMorgan Chase & Co Custodian | $47.10M | 3.77% | 2026-06-30 |
| 7 | Caption Management, LLC | $46.47M | 3.72% | 2026-06-30 |
| 8 | Verition Fund Management LLC | $46.34M | 3.71% | 2026-06-30 |
| 9 | Bracebridge Capital, LLC | $30.18M | 2.42% | 2026-06-30 |
| 10 | SIG BROKERAGE, LP | $20.82M | 1.67% | 2026-06-30 |
| 11 | Polar Asset Management Partners Inc. | $18.11M | 1.45% | 2026-06-30 |
| 12 | D. E. Shaw & Co., Inc. Custodian | $17.56M | 1.41% | 2026-06-30 |
| 13 | UBS Group AG Custodian | $15.47M | 1.24% | 2026-06-30 |
| 14 | CREDIT INDUSTRIEL ET COMMERCIAL | $14.60M | 1.17% | 2026-06-30 |
| 15 | Lombard Odier Asset Management (USA) Corp | $13.76M | 1.10% | 2026-06-30 |
| 16 | Twin Tree Management, LP | $11.60M | 0.93% | 2026-06-30 |
| 17 | NOMURA HOLDINGS INC | $11.32M | 0.91% | 2026-06-30 |
| 18 | GROUP ONE TRADING LLC Custodian | $10.15M | 0.81% | 2026-06-30 |
| 19 | Squarepoint Ops LLC | $9.44M | 0.76% | 2026-06-30 |
| 20 | TUDOR INVESTMENT CORP ET AL | $9.41M | 0.75% | 2026-06-30 |
| 21 | Walleye Capital LLC | $8.88M | 0.71% | 2026-06-30 |
| 22 | BOOTHBAY FUND MANAGEMENT, LLC | $8.33M | 0.67% | 2026-06-30 |
| 23 | Fort Baker Capital Management LP | $7.81M | 0.63% | 2026-06-30 |
| 24 | Groupe la Francaise | $6.45M | 0.52% | 2026-06-30 |
| 25 | Simplex Trading, LLC Custodian | $6.04M | 0.48% | 2026-09-30 |
22 filers$429.30M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Parallax Volatility Advisers, L.P. | $110.72M | 25.79% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $105.91M | 24.67% | 2026-06-30 |
| 3 | Caption Management, LLC | $41.88M | 9.76% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $27.78M | 6.47% | 2026-06-30 |
| 5 | Walleye Trading LLC | $27.63M | 6.44% | 2026-06-30 |
| 6 | Citadel Advisors LLC Custodian | $23.78M | 5.54% | 2026-06-30 |
| 7 | Point72 Asset Management, L.P. | $21.83M | 5.08% | 2026-06-30 |
| 8 | Centiva Capital, LP | $10.86M | 2.53% | 2026-06-30 |
| 9 | Walleye Capital LLC | $9.54M | 2.22% | 2026-06-30 |
| 10 | D. E. Shaw & Co., Inc. Custodian | $7.27M | 1.69% | 2026-06-30 |
| 11 | Simplex Trading, LLC Custodian | $6.99M | 1.63% | 2026-09-30 |
| 12 | Crawford Fund Management, LLC | $6.88M | 1.60% | 2026-06-30 |
| 13 | Millennium Management LLC Custodian | $5.82M | 1.36% | 2026-06-30 |
| 14 | UBS Group AG Custodian | $4.53M | 1.05% | 2026-06-30 |
| 15 | Alphadyne Asset Management LP | $3.83M | 0.89% | 2026-06-30 |
| 16 | IMC-Chicago, LLC Custodian | $3.74M | 0.87% | 2026-09-30 |
| 17 | Twin Tree Management, LP | $3.31M | 0.77% | 2026-06-30 |
| 18 | TUDOR INVESTMENT CORP ET AL | $2.34M | 0.54% | 2026-06-30 |
| 19 | Squarepoint Ops LLC | $1.65M | 0.38% | 2026-06-30 |
| 20 | Qube Research & Technologies Ltd | $1.46M | 0.34% | 2026-06-30 |
| 21 | BNP Paribas Financial Markets Custodian | $905.40K | 0.21% | 2026-06-30 |
| 22 | GROUP ONE TRADING LLC Custodian | $630.76K | 0.15% | 2026-06-30 |
CZR Insider Trading (Form 4)
Latest: 2026-09-16Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-16 | David P Tomick | Director | Sell (S) | −14,142 | $29.69 | -$419.8K | EDGAR |
| 2026-09-14 | David P Tomick | Director | Buy (P) | +1,850 | $33.36 | $61.7K | EDGAR |
| 2026-09-14 | David P Tomick | Director | Sell (S) | −14,000 | $29.67 | -$415.4K | EDGAR |
| 2026-08-28 | Blackhurst Janis L Jones | Director | Sell (S) | −33,899 | $29.63 | -$1.00M | EDGAR |
| 2026-08-21 | Bret Yunker | Chief Financial Officer | Sell (S) | −208,134 | $29.62 | -$6.17M | EDGAR |
| 2026-08-17 | Josh Jones | Chief Marketing Officer | Sell (S) | −59,507 | $29.72 | -$1.77M | EDGAR |
| 2026-06-12 | Michael E Pegram | Director | Sell (S) | −41,697 | $29.47 | -$1.23M | EDGAR |
| 2026-06-10 | Edmund L Quatmann Jr | Chief Legal Officer | Sell (S) | −81,566 | $29.35 | -$2.39M | EDGAR |
| 2026-06-10 | Michael E Pegram | Director | Mixed Sell −115,200 · Buy +5,200 |
−110,000 | $29.91 | -$3.16M | EDGAR |
| 2026-06-03 | Michael E Pegram | Director | Sell (S) | −55,000 | $29.20 | -$1.61M | EDGAR |
| 2026-02-19 | Stephanie Lepori | CAO and Chief Admin Officer | Mixed Tax −1,569 · Grant +3,986 |
+2,417 | $18.95 | -$29.7K | EDGAR |
| 2026-02-19 | Edmund L Quatmann Jr | Chief Legal Officer | Mixed Grant +4,413 · Tax −1,944 |
+2,469 | $18.95 | -$36.8K | EDGAR |
| 2026-02-19 | Thomas Reeg | Chief Executive Officer | Mixed Grant +25,629 · Tax −10,086 |
+15,543 | $18.95 | -$191.1K | EDGAR |
| 2026-02-19 | Bret Yunker | Chief Financial Officer | Mixed Grant +9,824 · Tax −3,866 |
+5,958 | $18.95 | -$73.3K | EDGAR |
| 2026-02-19 | Josh Jones | Chief Marketing Officer | Mixed Tax −925 · Grant +2,349 |
+1,424 | $18.95 | -$17.5K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
CZR Insider Holdings
14 insiders · @ $29.30
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Anthony L. Carano | President and COO | 309,861 | $9.08M | -$3.98M | 28 | 2026-02-19 |
| 2 | Gary L. Carano | Exec. Chairman of the Board | 301,540 | $8.84M | -$22.87M | 25 | 2026-02-19 |
| 3 | Thomas Reeg | Chief Executive Officer | 292,083 | $8.56M | -$10.05M | 32 | 2026-02-19 |
| 4 | Stephanie Lepori | CAO and Chief Admin Officer | 83,219 | $2.44M | -$2.74M | 30 | 2026-02-19 |
| 5 | Don R Kornstein | Director | 62,755 | $1.84M | -$77.3K | 18 | 2025-03-10 |
| 6 | Courtney Mather | Director | 48,804 | $1.43M | $937.8K | 32 | 2026-01-27 |
| 7 | Bonnie Biumi | Director | 43,149 | $1.26M | -$1.00M | 9 | 2026-01-27 |
| 8 | David P Tomick | Director | 32,561 | $954.0K | -$669.6K | 11 | 2026-09-16 |
| 9 | Michael E Pegram | Director | 21,509 | $630.2K | -$381.2K | 18 | 2026-06-12 |
| 10 | Frank J Fahrenkopf Jr | Director | 18,271 | $535.3K | -$465.3K | 8 | 2026-01-27 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
CZR Board & Officers
As of SEC filings through Sep 16, 2026Directors 10
- David P Tomick · since Sep 19, 2014
- Frank J Fahrenkopf Jr · since Sep 19, 2014
- Gary L. Carano · since Sep 19, 2014
- Michael E Pegram · since Sep 19, 2014
- Thomas Reeg · since Sep 19, 2014
- Bonnie Biumi · since May 1, 2017
- Blackhurst Janis L Jones · since Jul 20, 2020
- Kim Harris Jones · since Apr 29, 2024
- Jesse Lynn · since Mar 17, 2025
- Ted Papapostolou · since Mar 17, 2025
Officers 7
- Thomas Reeg · Chief Executive Officer · listed since Jan 2019
- Anthony L. Carano · President and COO · listed since Jan 2019
- Bret Yunker · Chief Financial Officer · since May 2, 2019
- Edmund L Quatmann Jr · Chief Legal Officer · listed since Jan 2018
- Stephanie Lepori · CAO & Chief Admin. Officer · listed since Aug 2020
- Josh Jones · Chief Marketing Officer · since Feb 11, 2021
- Gary L. Carano · Exec. Chairman of the Board · listed since Jan 2019
Changes in the last 10 years (30)
| Jul 6, 2026 | The company announced the departure of Courtney Mather from the board in an SEC filing |
| Dec 3, 2025 | The company announced the departure of Don R Kornstein from the board in an SEC filing |
| Mar 17, 2025 | Ted Papapostolou became a director |
| Mar 17, 2025 | Jesse Lynn became a director |
| Oct 21, 2024 | The company announced the departure of Rodney Williams from the board in an SEC filing |
| Jul 1, 2024 | Rodney Williams became a director |
| Apr 29, 2024 | Kim Harris Jones became a director |
| Jul 15, 2022 | The company announced the departure of Sandra Douglass Morgan from the board in an SEC filing |
| Oct 22, 2021 | Sandra Douglass Morgan became a director |
| Feb 11, 2021 | Josh Jones became Chief Marketing Officer |
| Aug 24, 2020 | Stephanie Lepori listed as CAO & Chief Admin. Officer (previously Chief Administrative Officer) in SEC filings |
| Jul 22, 2020 | Roger P Wagner reported in an SEC filing no longer being a director |
| Jul 22, 2020 | James B Hawkins reported in an SEC filing no longer being a director |
| Jul 22, 2020 | Gregory J. Kozicz reported in an SEC filing no longer being a director |
| Jul 20, 2020 | Keith Cozza became a director |
| Jul 20, 2020 | James Larry Nelson became a director |
| Jul 20, 2020 | Don R Kornstein became a director |
| Jul 20, 2020 | Courtney Mather became a director |
| Jul 20, 2020 | Blackhurst Janis L Jones became a director |
| May 2, 2019 | Bret Yunker became Chief Financial Officer |
| Jan 23, 2019 | Stephanie Lepori listed as Chief Administrative Officer (previously Chief Accounting Officer) in SEC filings |
| Jan 4, 2019 | Thomas Reeg listed as Chief Executive Officer (previously President and CFO) in SEC filings |
| Jan 4, 2019 | Gary L. Carano listed as Exec. Chairman of the Board (previously Chief Executive Officer) in SEC filings |
| Jan 4, 2019 | Anthony L. Carano listed as President and COO (previously Exec VP and COO) in SEC filings |
| Jan 3, 2018 | Edmund L Quatmann Jr listed as Chief Legal Officer (previously Executive Vice President, Chief Legal Officer and Secretary) in SEC filings |
| Nov 20, 2017 | Anthony L. Carano listed as Exec VP and COO (previously Exec VP, Gen Counsel and Sec.) in SEC filings |
| May 24, 2017 | Hotel Casino Management, Inc. reported in an SEC filing no longer being a 10% owner |
| May 1, 2017 | Gregory J. Kozicz became a director |
| May 1, 2017 | Edmund L Quatmann Jr became Executive Vice President, Chief Legal Officer and Secretary |
| May 1, 2017 | Bonnie Biumi became a director |
Not reported recently (3)
- Keith Cozza · Last reported as a director in an SEC filing dated Jul 22, 2020
- James Larry Nelson · Last reported as a director in an SEC filing dated Jul 22, 2020
- Recreational Enterprises, Inc. · Last reported as a 10% owner in an SEC filing dated Mar 19, 2020
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
CZR Proposed Insider Sales (Form 144)
Latest: 2026-09-10
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
5 filings
· $12.0M notice value
· 5 unique filers
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Bret Yunker (1, $6.2M) · Jones Josh (1, $1.8M) · Courtney R. Mather (1, $1.7M) · TOMICK DAVID P (1, $1.4M) · Jan Jones Blackhurst (1, $1.0M)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-09-10 | TOMICK DAVID P | Director | 45,911 | $1.36M | 2026-09-10 | Charles Schwab Corp. | — | EDGAR |
| 2026-08-31 | Courtney R. Mather | Former Director | 57,027 | $1.70M | 2026-08-31 | Interactive Brokers LLC | — | EDGAR |
| 2026-08-24 | Jan Jones Blackhurst | Director | 33,899 | $1.01M | 2026-08-24 | UBS Financial Services Inc | — | EDGAR |
| 2026-08-19 | Bret Yunker | Officer | 208,134 | $6.17M | 2026-08-19 | Merrill Lynch | — | EDGAR |
| 2026-08-14 | Jones Josh | Officer | 59,507 | $1.76M | 2026-08-14 | Charles Schwab Corp | — | EDGAR |
| 2026-06-15 | Pegram Michael E | Director | 20,000 | $589.1K | 2026-06-12 | Raymond James & Associates | — | EDGAR |
| 2026-06-10 | Pegram Michael E | Director | 110,827 | $3.25M | 2026-06-09 | Raymond James & Associates | — | EDGAR |
| 2026-06-09 | Pegram Michael E | Director | 15,200 | $443.8K | 2026-06-08 | Raymond James & Associates | — | EDGAR |
| 2026-06-09 | Pegram Michael E | Director | 13,973 | $410.1K | 2026-06-08 | Raymond James & Associates | — | EDGAR |
| 2026-06-09 | EDMUND QUATMANN JR | Officer | 81,566 | $2.39M | 2026-06-09 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-10-27
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Event | Link |
|---|---|---|
| 2026-10-27 | Earnings results | EDGAR |
| 2026-09-23 | Shareholder vote results | EDGAR |
| 2026-09-22 | Other events | EDGAR |
| 2026-09-17 | Director or officer change · Other events | EDGAR |
| 2026-07-28 | Earnings results | EDGAR |
| 2026-07-08 | Director or officer change | EDGAR |
| 2026-06-12 | Shareholder vote results | EDGAR |
| 2026-05-28 | Material agreement · Regulation FD disclosure | EDGAR |
| 2026-04-28 | Earnings results | EDGAR |
| 2026-02-17 | Earnings results | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-02-17 | 0001590895-26-000011 | EDGAR |
| 2025-02-25 | 0001590895-25-000068 | EDGAR |
| 2024-02-20 | 0001590895-24-000051 | EDGAR |
| 2023-02-22 | 0001590895-23-000070 | EDGAR |
| 2022-02-24 | 0001590895-22-000061 | EDGAR |
| 2021-03-01 | 0001590895-21-000085 | EDGAR |
| 2020-02-28 | 0001564590-20-007599 | EDGAR |
| 2019-03-01 | 0001564590-19-005640 | EDGAR |
| 2018-02-27 | 0001564590-18-003554 | EDGAR |
| 2017-03-13 | 0001564590-17-004044 | EDGAR |
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-10-27 | 0001590895-26-000033 | EDGAR |
| 2026-07-28 | 0001590895-26-000028 | EDGAR |
| 2026-04-28 | 0001590895-26-000016 | EDGAR |
| 2025-10-28 | 0001590895-25-000130 | EDGAR |
| 2025-07-29 | 0001590895-25-000126 | EDGAR |
| 2025-04-29 | 0001590895-25-000110 | EDGAR |
| 2024-10-29 | 0001590895-24-000138 | EDGAR |
| 2024-07-30 | 0001590895-24-000124 | EDGAR |
| 2024-04-30 | 0001590895-24-000088 | EDGAR |
| 2023-10-31 | 0001590895-23-000122 | EDGAR |
ETF Holders
101 ETFs hold CZR
25 shown · $1.20B total exposure · 0.15% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IJR iShares Core S&P Small-Cap ETF | iShares (BlackRock) | 0.35% | $360.3M | $106.7B | 2026-11-06 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.01% | $182.0M | — | 2026-09-30 |
| 3 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.07% | $129.1M | — | 2026-09-30 |
| 4 | VBR Vanguard Morningstar Small-Cap Value ETF | Vanguard | 0.13% | $84.1M | — | 2026-09-30 |
| 5 | VXF Vanguard Extended Market ETF | Vanguard | 0.07% | $68.0M | — | 2026-09-30 |
| 6 | SPSM State Street® SPDR® Portfolio S&P 600™ Small Cap ETF | SPDR (State Street) | 0.35% | $54.9M | $15.7B | 2026-11-06 |
| 7 | IJS iShares S&P Small-Cap 600 Value ETF | iShares (BlackRock) | 0.66% | $49.5M | $7.8B | 2026-11-06 |
| 8 | BKLN Invesco Senior Loan ETF | Invesco | 0.63% | $37.2M | — | 2026-11-08 |
| 9 | SLYV State Street® SPDR® S&P 600™ Small Cap Value ETF | SPDR (State Street) | 0.66% | $32.3M | $4.9B | 2026-11-06 |
| 10 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.13% | $28.7M | — | 2026-08-31 |
| 11 | IWR iShares Russell Mid-Cap ETF | iShares (BlackRock) | 0.04% | $25.1M | $58.7B | 2026-11-06 |
| 12 | VIOO Vanguard S&P Small-Cap 600 ETF | Vanguard | 0.35% | $21.4M | — | 2026-09-30 |
| 13 | SCHM Schwab U.S. Mid-Cap ETF | Nport | 0.11% | $16.7M | — | 2026-08-31 |
| 14 | RWJ Invesco S&P SmallCap 600 Revenue ETF | Invesco | 0.73% | $14.9M | — | 2026-11-08 |
| 15 | FNDX Schwab Fundamental U.S. Large Company ETF | Nport | 0.05% | $13.6M | — | 2026-08-31 |
| 16 | IWD iShares Russell 1000 Value ETF | iShares (BlackRock) | 0.02% | $13.0M | $84.7B | 2026-11-06 |
| 17 | VIOV Vanguard S&P Small-Cap 600 Value ETF | Vanguard | 0.67% | $12.4M | — | 2026-09-30 |
| 18 | VCR Vanguard Consumer Discretionary ETF | Vanguard | 0.16% | $10.0M | — | 2026-09-30 |
| 19 | IWS iShares Russell Mid-Cap Value ETF | iShares (BlackRock) | 0.06% | $8.4M | $14.7B | 2026-11-06 |
| 20 | AVSC Avantis U.S. Small Cap Equity ETF | Avantis | 0.26% | $8.1M | $3.2B | 2026-11-06 |
| 21 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.01% | $7.9M | $95.6B | 2026-11-06 |
| 22 | MNA NYLIM Merger Arbitrage ETF | Nport | 3.12% | $7.8M | — | 2026-07-31 |
| 23 | RSBA Return Stacked(R) Bonds & Merger Arbitrage ETF | Nport | 12.28% | $6.5M | — | 2026-07-31 |
| 24 | VT Vanguard Total World Stock ETF | Vanguard | 0.01% | $5.1M | — | 2026-09-30 |
| 25 | FELV Fidelity Enhanced Large Cap Value ETF | Fidelity | 0.13% | $4.7M | $3.7B | 2026-11-06 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-2.62
TTM Revenue
$11.72B
TTM Net Income
$-533.00M
TTM Op. Cash Flow
$1.25B
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q3 '26 | 2026-09-30 | $2.94B | $-123.00M | $-0.61 | $267.00M |
| Q2 '26 | 2026-06-30 | $2.99B | $-62.00M | $-0.30 | $471.00M |
| Q1 '26 | 2026-03-31 | $2.87B | $-98.00M | $-0.48 | $204.00M |
| Q4 '25 | 2025-12-31 | $2.92B | $-250.00M | $-1.22 | $304.00M |
| Q3 '25 | 2025-09-30 | $2.87B | $-55.00M | $-0.27 | $318.00M |
| Q2 '25 | 2025-06-30 | $2.91B | $-82.00M | $-0.39 | $462.00M |
| Q1 '25 | 2025-03-31 | $2.79B | $-115.00M | $-0.54 | $218.00M |
| Q4 '24 | 2024-12-31 | $2.80B | $11.00M | $0.05 | $309.00M |
| Q3 '24 | 2024-09-30 | $2.87B | $-9.00M | $-0.04 | $232.00M |
| Q2 '24 | 2024-06-30 | $2.83B | $-122.00M | $-0.56 | $454.00M |
| Q1 '24 | 2024-03-31 | $2.74B | $-158.00M | $-0.73 | $80.00M |
| Q4 '23 | 2023-12-31 | $2.83B | $-72.00M | $-0.33 | $508.00M |
Q3 2026 • period ending 2026-09-30 • filed 2026-10-27
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
1.70
P/S
0.52
EV/EBITDA
8.67
EV/Sales
2.56
ROE
-13.1%
ROA
-1.5%
Div Yield
0.00%
FCF Yield
21.51%
Debt/Equity
6.97
Current Ratio
—
Market Cap
$6.03B
as of 2026-11-10
CZR vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| LVS Las Vegas Sands Corp. | $26.0B | 15.9 | +18.1% | −37.4% | 43 |
| WYNN Wynn Resorts Ltd | $8.9B | 25.0 | +4.7% | −28.8% | 35 |
| MGM MGM RESORTS INTERNATIONAL | $8.3B | 12.7 | +2.6% | −9.4% | 33 |
| CZR Caesars Entertainment, Inc. Common Stock | $6.0B | — | +3.1% | +24.4% | 51 |
| BYD Boyd Gaming Corporation | $5.5B | 11.8 | +0.3% | −9.2% | 54 |
| RRR Red Rock Resorts, Inc. Class A Common St | $3.0B | 29.6 | +1.1% | −21.5% | 44 |
| PENN PENN Entertainment, Inc. Common Stock | $2.5B | — | +6.1% | +24.2% | 41 |
| MCRI Monarch Casino & Resort Inc | $1.9B | 17.5 | +4.8% | +14.7% | 54 |
| MLCO Melco Resorts & Entertainment Limited Am | $1.6B | — | — | −39.9% | 34 |
| Peer median | $4.2B | 16.7 | +4.7% | −15.4% | 42 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
20.61M
SI % of Float
10.22%
Days to Cover
3.52
Short Vol Ratio
56.9%
Free Float
201.74M
Float %
99.0%
Short interest 2026-10-15 • Short volume 2026-11-10 • Float 2026-09-22