Caesars Stock Down 30% This Past Year but One Fund Is Wagering $29 Million on a Turnaround
One investor is leaning into Caesars at a moment when earnings pressure is high.On November 13, Pennsylvania-based Quaker Capital Investments disclosed a buy of 279,390 shares of Caesars Entertainment (CZR 0.55%). The overall position value increased by $6.46 million.What HappenedQuaker Capital Investments reported a significant increase in its stake in Caesars Entertainment (CZR 0.55%) in a quarterly Form 13F filed with the U.S. Securities and Exchange Commission on November 13. The fund acquired an additi ...